Pi Network Tumbles to $0.48 — Is This the Endgame or Can Pi Coin Take on the Stablecoin Giants?

Jakarta, Pintu News – Stablecoins are growing in popularity in the crypto market. Thanks to their stable price, backing from real-world assets, and increasing support from regulators, they have become the go-to choice for many people looking for stability in what is known as a volatile market.

However, some experts from the Pi Network community argue that the increasing use of stablecoins could actually be a hindrance to the Pi Network’s goal of becoming a widely used global currency.

Before discussing further, let’s explore Pi Network’s current price movements first!

Pi Network Price Drops 1.8% in 24 Hours

On July 2, 2025, the price of Pi Network was recorded at $0.4874, a decrease of 1.8% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,235), then 1 Pi Network is IDR 7,913.

Read also: Pi Network 2026 Price Prediction: How much is 1,000 Pi Coin worth?

This drop came after PI had moved in a daily range between $0.4768 to $0.4963, showing considerable volatility amid daily trading volumes that reached over $108 million.

Pi Network’s market capitalization stands at around $3.78 million, while its full valuation based on total supply stands at $5.72 billion.

Can Pi Compete with Stablecoins?

Pi Network’s long-term goal is to make Pi Coin a global currency, with a focus on easy access, mobile mining, andpeer-to-peer usage.

But without significant progress, stablecoins will probably remain the top choice for users looking for a stable crypto that resembles conventional currencies.

Stablecoins are backed by fiat currencies and have institutional trust. Meanwhile, Pi Coin still faces volatility, limitedlistings, and regulatory challenges.

To compete on a global level, Pi needs to improve its real-world usability and build greater trust.

What are Pi Network’s Advantages?

Pi has some unique advantages that can help it stand out: First, the mining process on Pi is very simple-just tapping on the app, with no need for digital wallets orexchanges. This makes it much more accessible than most other cryptocurrencies.

Secondly, Pi Network’s community of 65 million users andreferral-based model creates a powerful network effect-something that stablecoins lack. If Pi’s real-world usability continues to increase, this loyal user base could drive significant adoption.

Finally, Pi is building its own ecosystem with dApps anddeveloper tools, including the newly launched AI-based Pi App Studio.

Read also: 3 Altcoins that Crypto Whales are Eyeing for July 2025!

If successful, this initiative could increase engagement, attract new users, and make Pi a thriving digital economy.

Pi Network price still under pressure

Pi Network still faces a number of challenges such as centralization, delays in KYC processes, and low user activity.

The project is still at an early stage, with no institutional support or real-world proven utility.

Pi Coin briefly showed promise after breaking through an important downtrend line, but the rally didn’t last long. The price quickly reversed course and is now declining again. If this trend continues, PI could potentially drop towards its record lows around $0.40.

Nonetheless, the opportunity for a rebound still exists if demand picks up again, with potential upside to $0.66. But for now, the pressure remains on the downside.

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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. Are Stablecoins A Threat To Pi Network? Accessed on July 2, 2025