Price of 1 Pi Network (PI) in Indonesia Today (3/18/25)

Jakarta, Pintu News—Pi Network (PI) continues to be in the spotlight in the cryptocurrency world, especially after the launch of its latest innovation, .pi domains.

On March 18, 2025, the price of 1 Pi Coin (PI) in Indonesia fluctuated significantly as the market responded to developing the Pi Network ecosystem.

Although the .pi domains feature is heralded as a revolutionary step in the digital world, PI prices are experiencing a downward trend.

How will this innovation impact the value of PI in the market? Check out the full review below!

How much is 1 PI in Indonesia today?

The chart above shows Pi Network’s (PI) price movement in the last 24 hours on the CoinMarketCap platform. Currently, PI is at $1.18, a decrease of 15.95% in a day.

Graph and Data Analysis:

• Price Trend: PI price experienced a fairly sharp downward trend in the last 24 hours, dropping from $1.40 to a low of $1.08 before recovering slightly to $1.18.
• Market Capitalization: PI’s current market capitalization is $8.13 billion, down 16.21% along with the price drop.
• Trading Volume: Trading volume in the last 24 hours increased by 44.68% to reach $523.57 million, indicating high buying and selling activity despite declining prices.
• Market Sentiment: Of the voting community, around 41% are bullish, and 59% are bearish, indicating that more traders are pessimistic about PI’s price movement in the near future.

Read also: Antam Gold Price Update per Gram March 18, 2025: Up IDR 4,000, Touch IDR 1,745,000!

.pi Domains: Pi Network’s New Breakthrough

According to Coinpedia, Pi Network introduced .pi domains as an innovative solution for their ecosystem. These domains function like regular internet domains but are specifically designed to work within the Pi Network ecosystem.

With .pi domains, users can access Pi-based applications, stores and services more easily. Nicolas Kokkalis, founder and chief technology officer of Pi Network, stated that this innovation could change how people interact and build digital worlds, similar to the impact of the .com domain in the early internet era.

Blockchain-based .pi Domains Auction Mechanism

.pi domains are not sold at a fixed price but through a blockchain-based auction system. Users can bid using Pi Coin (PI) to get the desired domain name.

Also read: Bitcoin price could plummet to $20,000 if Nasdaq enters a ‘bear’ market, says Peter Schiff!

The auction runs from March 14, 2025, to June 28, 2025, giving users ample time to select their domains carefully. According to Kokkalis, the long auction period aims to avoid unfair price competition and excessive speculation in this crypto ecosystem.

Controversy: Are .pi Domains Really Useful?

Despite the enthusiasm of many users, a portion of the Pi Network community doubts the effectiveness of .pi domains. One of the main concerns is the limited accessibility, as these domains can only be used through Pi Browser or with the special extension “pinet.com”.

In addition, security, regulation, and transparency issues are also in the spotlight. Many users are concerned because this domain is fully managed by Pi Network’s core team, which means they have full control over its ownership and use.

The controversy intensified when domains such as Google.pi appeared on the auction list, sparking debate over potential copyright and trademark infringement.

The PI Network price is under considerable selling pressure, causing a significant price drop. One possible influencing factor is the burning of PI tokens, mentioned in the community post to the right of the chart.

Nonetheless, the increase in trading volume indicates high investor interest, which could mean a potential price recovery in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Pi Network News: .pi Domains Go Live, But Users Are Concerned. Accessed March 18, 2025
• Featured Image: VNExpress International