2 Reasons to be More Bullish in July
The post 2 Reasons to be More Bullish in July appeared on BitcoinEthereumNews.com.
Pi Network coins surged 7% on Wednesday. But that’s after rolling up off an all time low price just above $0.50 on Sunday. Will traders circle back to PI this summer? Pi bulls certainly think so. Over the recent 30 day window, Bitcoin traded flat at -0.7% for the month’s trades. Ethereum fell -2.86%. XRP was down 4.39%. But the top three cryptos by total market cap did okay in June compared to Pi. Pi coin was down by 28% over the 30 day window ending Wednesday, Jun. 25. That’s after rallying 7% on Wednesday. On the trailing 12-month window, PI is down by over -66%. But here are a few reasons that many analysts outline to be more bullish in July. Why Is PI Price Falling? Pi launched to crypto exchanges in February at a price around $0.71. In a matter of days, these new altcoins made their way around to $2.79 per token. But PI’s price has been rolling down hill ever since, with the exception of a strong six day rally in the first half of May. That may be due mostly to technical market factors. The new cryptocurrency ran out of buyers after overheating to the $2.79 level and early adopters have been taking profits in another “buy the rumor, sell the news” kind of market. In addition to that, the Pi Network has been releasing new supplies onto exchanges. As a result, the relative value of each token already in circulation declined. In uncompromisingly economic markets like cryptocurrency, prices are very sensitive to changes in supply and demand. Meanwhile, the overall crypto market’s sentiment is bearish, which usually leads traders to go risk off to avoid massive losses in newer, unproven networks. Nvertheless, here are two reasons this relatively newer cryptocurrency with a total market…
Filed under: News - @ June 29, 2025 8:28 am