Pi Network forecast: Can PI return to $1 by 2025? Analysts back this rival could steal the spotlight

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Bitcoin, Ethereum ETFs See Inflows as Remittix Gains Traction Ahead of Beta Wallet Launch

Summary

• Pi Coin struggles near record lows despite positive sentiment from ETF inflows.
• Analysts suggest Pi Coin could decline to $0.30–$0.32 if it fails to surpass $0.42 soon.
• Remittix experiences increased interest ahead of its Q3 Beta wallet launch, fueling hopes for significant growth.

Following a period of outflows, Bitcoin and Ethereum ETFs are experiencing renewed inflows, signaling a potential market recovery after last week's downturn. This positive trend is encouraging for the crypto community, with market observers hoping that cryptocurrencies like Pi Coin, the native token of Pi Network, will benefit from the renewed institutional interest in risk-on assets.

However, Pi Coin has faced challenges, leading analysts to believe that reaching the $1 mark this year is unlikely. While discussions continue about how low Pi Network's price might fall, Remittix, another crypto project, is quietly attracting attention from retail investors.

On-chain data reveals a notable increase in transaction volume, with significant investors showing interest ahead of the upcoming Remittix Beta wallet launch scheduled for later this quarter. Let's examine the factors driving this shift.

Pi Coin: Battling Bearish Sentiment

Pi Coin has been under consistent selling pressure since late May, with recent market weakness pushing it to new all-time lows. As of this writing, Pi Network price fluctuates between $0.363 and $0.364, showing a slight increase of approximately 5.73% in the past 24 hours, but still down 9.04% over the past week.

Source: X

This represents a significant decline from its February peak of $2.99, marking an 88% drawdown. The token is currently trading just 5.5% above its all-time low of $0.3351 recorded on Wednesday. Technically, the Pi Coin chart faces significant headwinds:

• Pi Coin is trading below its 20-day EMA ($0.4017), 50-day EMA ($0.4704), and 200-day EMA ($0.6025).
• The MACD indicator is firmly bearish (i.e., 0.0356 below the signal line).
• Key support levels are identified at $0.31–$0.33, with resistance at $0.40–$0.42.

The current condition of Pi Network's price is precarious. Failure to overcome the $0.42 resistance level before Monday could lead to further declines. Analysts anticipate a potential 6–8% drop, possibly reaching the $0.30 to $0.32 range by mid-August if sufficient buyer support doesn't materialize.

Remittix: A Potential Disruptor

Remittix is designed as a payment protocol aimed at providing users and businesses with complete control over their cross-border transactions. Its architecture blends on-chain settlement with fiat integration, streamlined transaction processing, and scalable infrastructure for global crypto-to-fiat conversions.

Remittix's infrastructure is operational and poised for expansion with the beta wallet launch planned for Q3. The project's roadmap is execution-focused, leading experts to believe that Remittix could experience substantial growth during this cycle.

Several factors are contributing to the growing interest in Remittix:

• The Remittix platform is user-friendly for both crypto natives and newcomers, potentially driving adoption beyond the DeFi community.
• The PayFi payment infrastructure will support a wide range of cryptocurrencies and fiat currencies at launch, expanding its reach in the global transfer market.
• Remittix caters to freelancers and businesses, providing a practical use case that could translate into real transaction volume.