Pi Network News: Does Pi Coin Need a $1 Peg to Stay Relevant?

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Pi Network has had a tough year with big ups and downs. Many investors left after the price dropped, raising doubts about its future.

But crypto analyst Dr. Altcoin is still positive. He says Pi doesn’t need to be a $1 stablecoin to work for peer-to-peer (P2P) payments. The question is, can it really succeed in P2P?

Pi Needs to be Pegged Like Stablecoin?

Crypto users on social media have raised the question whether Pi needs to become a stablecoin pegged to $1 to thrive in peer-to-peer transactions. But Dr Altcoin explicitly said “no,” it doesn’t require that. According to him, investors’ trust and real-world utility are far more important than stability, as they can drive the adoption rate just like Bitcoin and Ethereum. 

He also gives a hypothetical situation, saying that if millions of people and businesses begin pricing goods and services in Pi, then the community itself will provide stability. If that happens, it won’t need a 1:1 peg...

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