Pi Network (PI) Price Falls Below $1, Can PiDaoSwap Save This Crypto’s Value?

Jakarta, Pintu News – The Pi Network (PI) cryptocurrency price is under intense pressure after plummeting to below 16,000 IDR per coin.

The PI lost about 41% of its previous price in the past week, hitting a low of 14,221 IDR ($0.87) before edging back up to around 16,213 IDR ($0.9913).

This sharp drop has caused anxiety among crypto investors and the Pi community, fearing the price could fall even further, possibly below 9,810 IDR ($0.60).

Amidst this chaos, the PiDaoSwap project emerged as a new hope to stabilize Pi prices and counter alleged market manipulation.

Check out the full analysis here!

PiDaoSwap: A Community Initiative to Fight Price Manipulation

PiDaoSwap is a decentralized exchange (DEX) project developed by the Pi Network community to create a more transparent and fair trading ecosystem.

The platform is designed to allow users to trade Pi directly without relying on external exchanges, which are blamed for extreme price fluctuations.

In a recent report, PiDaoSwap is said to have entered the final stage of development and is awaiting Know Your Business (KYB) approval from the Pi Network core team.

Although not yet officially launched, PiDaoSwap has already received organizational verification from Twitter, indicating that the project is quite serious and has community support. The Vietnamese Pi Network community claims that PiDaoSwap will prevent using bots or certain algorithms by outside exchanges that allegedly manipulate Pi prices.

Also read: Crypto Analyst Predicts XRP Price Could Reach $77.7, Here’s the Full Analysis!

Branding Issues and Tight Pi Network Regulations

One of the challenges PiDaoSwap is now facing is the trademark restrictions imposed by the Pi Network core team. The official documentation emphasizes that any use of names or logos associated with Pi must receive prior written permission.

This raised concerns that the name “PiDaoSwap” and its associated domain might violate the policy. The development team is now evaluating whether they should change the name or make modifications before the official launch.

On the other hand, the absence of official support from the Pi Network could be a major obstacle to adopting this DEX. Moreover, despite growing community pressure, major exchanges such as Binance have been reluctant to include Pi in their asset list until now.

Also read: Bitcoin (BTC) Bear Market Only 90 Days, Big Rally Coming After April 15, 2025?

What is the Future of Pi Network?

Amidst the growing negative sentiment, a number of crypto luminaries have begun to question Pi Network’s future.

Justin Bons, founder of CyberCapital, said that Pi’s mining system and tokenomics are too centralized, with many important functions still locked behind KYC verification processes.

He even called Pi a form of “investment fraud” wrapped in a strong community narrative. This criticism adds pressure to a project previously heralded as a user-friendly crypto.

However, not everyone agrees with these accusations. Crypto analyst Dr. Altcoin defended Pi Network, saying that he has never found any indication that Pi is a scam in all his years of following the project.

He considers that Pi is still in its early phase and needs more time to develop fully.

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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 Price Drops Below $1 – Can PiDaoSwap Stop the Decline? Accessed March 24, 2025.
• Featured Image: EbizMBA