The cryptocurrency market was rocked by a historic $19 billion crash, triggered by a surprise 100% tariff announcement on Chinese tech imports by former President Trump. This sell-off liquidated long positions and caused one of the worst downturns in years, severely impacting altcoins across the board.
Pi Network's Pi coin was hit particularly hard, with its price plunging over 90% from a peak of $2.79 to around $0.206. During the crash, it briefly dropped to as low as $0.158. Analysts are cautious, with some labeling it a pump and dump due to high volatility and weak fundamentals. Exchange holdings of Pi have declined rapidly, falling from over 477,000 tokens last week, indicating reduced investor confidence. Short-term predictions suggest potential rebounds to $0.25 or $0.30, but without clear buying pressure or adoption catalysts, long-term upside remains limited.
In contrast, Remittix (RTX) has shown remarkable resilience, advancing despite the market chaos. The project has raised over $27.3 million from investors worldwide, sold more than 677 million tokens at a current price of $0.1130 each, and passed a CertiK audit for security and transparency. It is confirmed for listings on BitMart and LBank, with another major exchange reveal imminent. Key features include a beta wallet in testing, support for 30+ currencies and 40+ tokens, deflationary tokenomics, and a 15% USDT referral reward. Positioned as a DeFi project focused on global remittances, it is gaining traction as a top crypto under $1 and a potential 100x investment in 2025.
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