Increase in the popularity of stablecoins Pi Networkthreatens the goal of being a global crypto currency. Experts, with fixed prices and regulatory approvals, these subcoins have created a challenging competition for Pi Coin, who experienced volatility and adoption problems. indicates. Pi Network is trying to stand out in this struggle with unique advantages such as wide user base and easy access.
Stablecoins pose a risk for Pi Network
Crypto Money MarketAt a time when volatility prevails, stablecoins stand out thanks to their fixed prices and support with real assets. Increasing more and more support from regulatory institutions increases their adoption. However, some experts in the Pi Network community are the rise of stablecoins. Pi CoinHe points out that it can pose an obstacle to the purpose of being a widespread global currency.
Pi Network’s main objective is easy access, mobile mining and peer-to-peer (from spouse to spouse) to create a global currency focused on use. But Stablecoins have nominal money support and corporate confidence, while Pi Coin is still faced with price fluctuations, limited stock market listing and regulatory uncertainties. In order for Pi Coin to be involved in global competition, it needs to expand and build confidence.
Pi Network’s advantages in competition
On the other hand, Pi Coin offers some significant advantages compared to stablecoins. Firstly Pi Mining can only be performed by touching one application, starting at the beginning, wallet or stock market is not required. This is most crypto currencymakes it much more accessible than. The second important advantage is Pi Network’s gigantic growth model based on a gigantic community and reference system consisting of exceeding 65 million users. This creates powerful network effects that stablecoins cannot provide. If Pi’s real world benefits increase, this loyal user base can accelerate a significant adoption.
Finally, Pi Network develops its own ecosystem. New Artificial Intelligence Supported Pi App Studio It is working on decentralized applications (Dapps) and developer tools, including. If this ecosystem is successful, it can increase user participation, attract new users, and convert Pi into a lively digital economy. However, obstacles such as decentralization problems, KYC delays and low user efficiency remain. The project is still at an early stage and lack of corporate support or proven real world use.
Pi Coin price and future expectations
Pi Coin’s price performance reflects all these difficulties. Although it managed to rise above the main decline trend in the near future, this rise was not continuing. Altcoin He started to lose value and is now on a downward cruise again. If this trend persists, Pi Coin can be drawn to the lowest level of all time at approximately $ 0.40.
On the other hand, a recovery is possible with the increase in demand. In such a scenario, there is a potential to rise up to $ 0.66. However, the current pressure is downward. Pi Coin is traded at $ 0.4961 with a decrease of 5 percent in the last 24 hours.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
