Do Analysts Believe Pi Network Needs to Be Pegged at $1 to Stay Relevant?

Jakarta, Pintu News – Pi Network has faced a challenging year with significant ups and downs. Many investors abandoned the project after the price dropped, which raised doubts about its future.

However, crypto analyst Dr. Altcoin remains optimistic. He says that Pi doesn’t need to be a $1 stablecoin to be used in peer-to-peer (P2P) payments. The question is, can Pi really succeed in P2P systems?

Does Pi Need to be Pegged Like Stablecoins?

Crypto users on social media have raised the question of whether Pi needs to be a stablecoin pegged at $1 to thrive in peer-to-peer transactions. However, Dr. Altcoin emphatically says “no,” Pi doesn’t need one.

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According to him, investor confidence and real-world utility are far more important than stability, as they can drive adoption rates just like Bitcoin and Ethereum.

He also gave a hypothetical situation, saying that if millions of people and businesses start pricing goods and services using Pi, then stability will come from the community itself.

If that were the case, Pi would not need to be pegged 1:1 to the dollar, as the value of Pi would be balanced by the law of supply and demand.

Dr. Altcoin wrote, “Pi’s true stability will come from widespread adoption, trust among Pioneers, and a robust ecosystem where Pi is directly accepted.”

“In other words, the Pi’s true strength lies in its ability to become the currency of its own digital economy, rather than simply emulating the US dollar,” he added.

How is Pi Market Action?

The Pi Network team continues to strive to recover this crypto from its previous failures. From token unlocks to listing challenges, Pi continues to struggle to convince investors.

Read also: Pi Network Tightens Supply with Mining Cuts, What’s Next?

However, there is still hope for Pi, as the team is now preparing for the v23.01 update and mainnet launch on September 3. This update is expected to strengthen the security and performance of the network. This new technological feature has already aroused user interest, as it is poised to transform Pi into a more open blockchain.

If this move is successful, it could be a turning point for Pi Network, strengthening its position in the ever-evolving crypto ecosystem.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard 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: Does Pi Coin Need a $1 Peg to Stay Relevant? Accessed on September 3, 2025