Recently, the price of Pi Coin has declined, raising concerns among investors. However, some experts are confident in the potential of this cryptocurrency as an alternative to CBDCs and stablecoins.
Potential of Pi Coin Against CBDCs and Stablecoins
Expert and trader Kim H. Wong highlighted the potential of Pi Coin as a global currency. He claims that the decentralized nature of Pi Network and its wide distribution make it a more favorable option compared to CBDCs and stablecoins that depend on sovereign currencies. Wong also pointed out that CBDCs are limited geographically, as their use is tied to sovereign currencies. Pi Coin, on the other hand, aims to create an ecosystem that is independent of geographical limitations and can earn users' trust.
Response to Scam Accusations
The recent drop of over 1% to $0.35 has led to negative comments about Pi Network, with some users labeling the project a "scam." However, analyst Dr. Altcoin pointed to a whale holding 360 million Pi Coin as a testament to confidence in the asset. Dr. Altcoin concluded that if this address is related to the Pi Core Team, then it disproves the scam allegations, as no one would buy back their own coins in case of fraud.
What Awaits Pi Network in the Future?
Despite recent price drops, the trading volume of Pi Coin also decreased by 25%. Nevertheless, experts still express confidence that Pi Coin can take a key position among global currencies, especially in light of the boom in digital assets and the need for reliable alternatives for users.
Thus, despite the criticism and temporary drops, experts continue to see significant potential in Pi Coin both in the context of the global economy and in its competition with CBDCs and stablecoins.
