Pi Coin Has Its Best Week Of Gains In 6 Months, Can It Follow Remittix’s 700% Gains?

The bearish cloud hovering over Pi coin for the last 6 months got a brief break recently, as the last two weeks have seen the coin show signs of recovery. However, can this new breakout be enough to call a bull run on the Pi coin?

Furthermore, as analysts assess this new price formation, questions are emerging about Pi coin’s potential to follow Remittix’s 700% price growth. While investors are still holding back investment right now, analysts are showing the Pi coin could finally be responding to ecosystem progress.

Here is a deep dive into Pi coin’s newfound breakout and how it compares to the Remittix token in today’s market.

How Seamless Banking And Network Upgrade Are Fueling New Pi Coin Narrative

After what looks like an endless circle of dips, the Pi coin is finally making a comeback, recording over 34% in price growth in the last 7 days. This new outlook is giving a breath of fresh air as investors hope to return at a potential price growth.

Also, from a technical perspective, the Pi coin is breaking above the 30EMA on the daily chart, heading towards the long-term recovery at the 200EMA. 

The Pi coin recovery comes following the announcement of two important ecosystem progress:

•  An upgrade from the v19 to the v23 mainnet 

• Seamless Banking progress with the ISO 20022

While there is still debate over the network upgrade, with some reporting that v19 is still active, the community is taking the announcement in good faith. This has continued to drive massive capital inflows into the Pi coin ecosystem, with the outlook finally suggesting the bears might be receding.

Analysts remain skeptical about the long-term potential of this new price breakout, as it approaches the 100EMA at $0.33 and the 200EMA at $0.53.

Can The New Rally See Pi Coin Achieve Remittix’s 700% Growth This Year?

The expert’s answer is no! While Pi coin’s breakout offers a ray of hope, the sell-off over the last six months still limits investors’ confidence. Also, the Pi coin utility is yet to settle in with retail traders, as many doubt its long-term potential in the crypto market. However, the Remittix utility outweighs Pi coin’s, fueling the Remittix token’s rapid rise. 

The Remittix token is in a race to capture a big share of the payments market, with a utility that makes sending money across the world as easy as a single click. This combines local banking services and next-gen blockchain security to deliver a top-notch payment experience, enabling crypto payments to fiat bank accounts.

According to expert projections, this utility is even projected to see the Remittix token hit an additional 20x or more this year as its accumulation skyrockets. 

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix 

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