Many altcoins have proven that they can have significant price spikes, even in a downtrend. One of those tokens is Pitbull coin (PIT). Although PIT coin has been trading since early 2022, it has provided investors with decent buying opportunities to gain significant returns despite the crypto bear market.
We made a Pitbull coin price prediction and explored the projects that this new cryptocurrency is involved in. Our guide also includes an in-depth review of OKX exchange which has listed PIT coin.
|💪 Coin Name||Pitbull|
|🔆 Coin Symbol||PIT|
|⏳ Price Change 1h||0.81%|
|🌕 Price Change 24h||2.69%|
|💵 Market Cap||$12,022,792|
|🌐 24h Volume||$2,014,135|
|🔄 Circulating Supply||40,192,158,063,660,000|
|💰 Total Supply||100,000,000,000,000,000|
Pitbull Crypto Price History
Pitbull token was created on 17 March 2022 and after its initial coin offering started trading on several crypto exchanges by the end of the month. The project started well on its first trading day, opening at around $0.0000000009, then surging almost 200% to reach $0.000000002964. A long wick formed at that level before sellers pushed the price down, and the coin closed the day at $0.000000002072.
After the opening day, PIT’s price kept making lower lows and also ranged until it reached its ICO price by 1 May 2022. The coin seems to have found strong support at around $0.0000000007. But in a downtrend, Pitbull coin gave buyers an opportunity to enter and lock in profits.
When Pitbull coin reached strong support at the beginning of May 2022, it bounced off it and rallied 96%. It retested previous resistance, which proved to be strong, resulting in the coin going back down to key support by mid-May. Once at support, PIT ranged for the rest of the month.
Investors didn’t have to wait long for significant price movement, as the range proved to be the ideal buying opportunity. On May 31, 2022, Pitbull coin rallied again, this time by 93%. The coin failed to make a higher high, then retraced further to print a lower low.
PIT began making its way down after the quick price spike and eventually got to $0.0000000006 by mid-June 2022. As the coin’s history has shown, its price tends to consolidate for a short period before another significant rally within a downtrend.
However, because of the negative sentiment that arose around cryptocurrencies thanks to LUNA and FTX crash, now of the previous indication that hinted at Pitbull finding a higher ground panned out. The token’s performance remained within the consolidation zones from mid-2022 till the end of that year – and has continued to influence its price in 2023.
While there was some upsurge during January 2023 but was not enough to note because of the overall value of this asset. The token trended around $0.00000000053 zone for a while before dropping close to the $0.00000000024 level.
Recap of Pitbull Coin’s Timeline
- Pitbull token was created on 17 March 2022 and started trading at the end of that month. The coin surged almost 200% before sellers stepped in and pushed the price down, and it closed at $0.000000002072.
- Then the coin started making lower lows until it reached its ICO price on 1 May 2022, then found strong support at around $0.0000000007.
- Once the coin reached support, it immediately bounced off it and spiked 96%. After retesting previous resistance, Pitbull token made its way down to strong support.
- The coin ranged for less than a month before it had a significant bounce in a downtrend of 93%.
- PIT once against retested support at $0.0000000007 during June. Then by 18 June, buyers took control of the price and pumped it by 84%.
- However, the token retraced once again and started consolidating without any sign of an establishing uptrend till 2023. The token is currently trading at $0.00000000024.
Pitbull Crypto Price Prediction 2023
Whether Bitcoin sets a new ATH or just has a bear market rally in 2022 before setting lower highs, it eventually means a multi-year bear market. The crypto winter could be in full swing in 2023, which would mean that Pitbull coin will not break through its resistance at the ATH, and the price will drop.
Once the coin is in a full bear market, it should test its key support at $0.0000000004. A sharp fall in price from its ATH to key support would usually signal that the market is oversold at that point. That could mean that PIT would consolidate key support for some time. Does that mean the price could bounce off support, and a reversal could follow?
Pitbull Coin Price Forecast Long-Term Outlook – 2025 Prediction
In 2025, the crypto market should be a few years into the bear market. It’s difficult to know how low prices can go because a bear crypto market can dish out limitless pain. But we may have a reference point to work with, even though Pitbull coin started trading in March 2022.
Maybe we can’t use PIT’s history to determine how low the price will drop, but we can use the broader crypto market. One of the price movements that technical analysts have noticed on the crypto charts is that the price of the major coins tends to drop 90% after tops. We believe that Pitbull coin will not hold support at $0.0000000007.
After breaking through support, the price should keep making lower lows. But how much lower will it go after breaking support? If it drops 90% from its ATH, it means that our Pitbull crypto price prediction for 2025 is $0.0000000002.
Potential Highs & Lows of Pitbull Coin
Considering PIT has encountered significant volatility since its ICO, we wouldn’t expect anything else from the coin in the next three years. The price could jump around, so we predicted the highs and the lows for the next three years.
|Year||Potential High||Potential Low|
What is Pitbull Crypto Used For?
Some investors buy coins that are purely speculative and don’t have much use case. But the coins that do really well are the ones that have utility and receive real-world adoption. Pitbull coin investors receive several benefits by owning the self-staking coin.
Holders of the $PIT token can enter the pit lottery. The only thing that players have to do is connect their wallets and buy tickets. The current prize pool is 1.2 billion PIT tokens. The total amount that should enter the pool is 3 billion PITS.
The lottery is currently hosting round 119 and requires a minimum of three players. The players can buy an unlimited number of tickets to increase their chances of winning. The lottery chooses a random winner, who receives 89% of the pool.
The rest of the pool is split in various ways. The platform burns 4% forever to the black hole. The announcer wallet receives 1%, and the owner wallet receives 1%.
Also see our reviews of the best crypto lottery sites.
The NFT market exploded in the last few years, and numerous celebrities have gotten into the space and spent millions of dollars. PIT holders can use their token to trade NFTs on the Pitbull NFT Market. It’s a decentralized marketplace enabling investors to buy, sell and swap NFTs.
The other great feature PIT investors can take advantage of is using their tokens to earn NFT points by farming with Pitbull token. Investors can redeem their points for NFTs. The trading takes place on Binance Smart Chain.
DeFi Asset Management
Investors have access to a comprehensive DeFi asset manager such as PitSafe. It offers various products such as PitSafe Research. That enables early investors to find out everything about a coin before its ICO. Knowing the features and benefits of a coin before its launch helps investors decide if they want to invest in it.
Another product under the DeFi asset manager is PitSafe Discovery. It’s important to know everything about a coin before its launch, but even more importantly, investors need to know about it before the rest of the market. PitSafe Discover shows early investors new opportunities before listings or markets.
PitSafe Liquidity Locker is a product designed specifically for developers. It enables them to lock liquidity pool tokens securely while ensuring it’s done in the most cost-effective method. The last product under PitSafe is PitSafe Launcher. This is another product for developers, enabling them to launch and manage BSC tokens hassle-free.
PitSafe Premium enables users to choose between different accounts, offering them various benefits. The exclusive account provides all the products mentioned as part of PitSafe, and to get access to them, investors need to hold just $500 PITs.
Considering all the product offerings, it’s easy to see why the PitSafe is one of the best DeFi staking platforms.
What Drives the Price of $PIT?
The $PIT coin has several use cases and some of them have a direct impact on the price, but it’s also factors outside the blockchain ecosystem that impact its price.
The PitSafe DeFi Asset Manager enables investors and developers to access several products. Investors can use some of the products to get insider market news before listings about new opportunities. Or developers can use PitSafe Liquidity Locker to lock liquidity pool tokens securely. But to use those products, investors and developers have to hold a certain amount of Pitbull coins.
The more investors and developers join the platform to use those products, the more coins are going to be bought. An increase in demand will increase the $PIT price.
Some investors also want to take part in the Pit Lottery, so they have to buy PIT coins to participate.
Some investors get into the crypto market and speculate on certain coins. Since cryptocurrencies aren’t fully utilized for the purpose and mainstream adoption is yet to follow, it can be said that all crypto investments are speculative. And some investors are looking for the most undervalued cryptos to buy.
Investors who buy Pitbull coins are also speculating about the coin’s potential movement. The one thing that the altcoin market has revealed is that most altcoins follow Bitcoin. So when Bitcoin’s price spikes, PIT’s coin should follow.
The Pit Community has already added several projects to its platform, but it’s constantly looking to expand. One of the projects in the pipeline is the Pit Metaverse. That will enables gamers to enter a platform where they can enter the Meta to take advantage of play to earn games. Besides the Pit Metaverse also see our reviews of the best play-to-earn games.
Some of the other Pitbull projects currently in beta stages are Pit Tracker and Pit Charts. These two features enable traders to track major cryptocurrencies and use advanced tools to get the most out of the technical analysis.
Where to Buy Pitbull Crypto
A possible catalyst for the price of PIT coin is the listing on Coinbase. The platform is working to list PIT on Coinbase because it believes that more adoption will follow if the coin is in a large pool of investors. While we wait for the Coinbase listing, investors can buy $PIT on OKX.
Besides listing Pitbull token, OKX enables investing in the best altcoins amongst the 140 cryptocurrencies offered on the platform. Whether investors are looking for meme, GameFi or DeFi coins, OKX has it and some more. Also available are NFT-related cryptocurrencies, and the platform charges only 0.1% for trading fees for the taker. The maker is charged 0.08%, making this platform one of the cheapest to trade on.
Beginner traders can opt for spot trading, but advanced traders can access margin trading or incorporate several strategies using a trading bot. Otherwise, investors can use block trading for large-sized spot and derivatives trades.
OKX takes asset security very seriously as it keeps 95% of assets offline in cold storage, and two users are required to authorize access to cold storage.
To start trading on OKX, investors need to deposit at least $10. Investors can use cryptos, cards, Apple Pay and numerous other options to buy cryptos. But investors don’t need to day trade coins to make money from them, as the platform enables staking. Instead of just holding, investors can earn interest by staking coins on OKX and some of the best crypto staking platforms.
The platform also enables investors to take out loans by using their crypto assets as collateral. It definitely qualifies as one of the best crypto lending platforms – one of the few to be unaffected by the 2022 crypto market correction.
OKX enables traders to access free educational material and provides a referral program, entitling users up to $2,000 in mystery boxes when inviting friends to the exchange.
What we like
Cryptoassets are a highly volatile unregulated investment product.
How to Buy $PIT
We’ve included a step-by-step process of how to buy $PIT on OKX.
Step 1: Open an Account
First visit OKX.com and register a free account by typing in an email address and a password.
Step 2: Verify Account
Users will need to verify their accounts by using the code sent to the emails and typing it on the pop-up window to access the dashboard.
Step 3: Deposit Assets
On the dashboard, click ‘Assets’, then ‘Deposits’. Select the asset to deposit into the account. It’s easiest to deposit Tether (USDT) since the exchange offers PIT/USDT pairing.
Step 4: Search for PIT
On the top icon, click ‘Trade’, then select ‘Basic trading’. In the search box in the top left, type ‘PIT’. Once it comes up, select it.
Step 5: Buy PIT
Type in the amount of PIT to buy, then click ‘Buy PIT’ at the bottom.
Is PIT a Good Investment?
In this guide, we reviewed a possible Pitbull coin price forecast, looking at how the Pitbull token price behaved and its potential future moves. We also explored its different use cases and how investors and developers can benefit from its DeFi and NFT applications, as well as its lottery.
For those interested in upcoming cryptos that may perform well in 2023, readers may also be interested in better alternatives. One of them is Wall Street Memes.
Wall Street Memes
Wall Street Memes is a community-centric token that involves memes and interacting with the community through them on social media platforms. A pure memecoin, the WSM token has no discernible use case. However, the community backing up this asset has over 1 million followers. Even the likes of Elon Musk have interacted with this platform.
Due to these factors, Wall Street Memes is considered by many experts as a good Dogecoin contender.
The token was designed by developers who were inspired by Wall Street Bets, a Reddit group that became known for engineering the Gamestop short-squeeze. Being an asset found on the same ethos, Wall Street Memes aims to create a community where even assets that are perceived as useless can generate gains.
Wall Street Memes is currently available as a presale, and it has already raised more than $6.8 million at press time. Those looking for low-cap cryptos with an early-mover advantage should consider investing.
PIT’s performance this year hasn’t been inspiring. And the token has limited action on social media platforms. However, it may still be considered a good asset for those looking to buy the dip.
That said, there are better alternatives in the market available, such as Wall Street Memes. This token already has a thriving community and is currently available for a presale. That mixture can give it long-term upsides and make it a good contender against the likes of Dogecoin.
Wall Street Memes (WSM) - Newest Meme Coin
- Community of 1 Million Followers
- Experienced NFT Project Founders
- Listed On OKX
- Staking Rewards