Pi Network prices continue to dance
Recently, the value of Pi Network has continuously fluctuated strongly, causing many investors to worry. After officially listing on some digital exchange rates on February 20, 2025 with an opening price of about 2 USD/PI, Pi price has dropped below 1 USD in just one day. However, on February 27, Pi prices suddenly increased sharply, reaching the 3 USD mark, then decreased to around 2.7-29 USD.
On the morning of March 1, 2025, Pi Network is still in a downtrend, trading around 2.5 USD/PI, continuing to fluctuate unpredictably. This volatility comes as the general cryptocurrency market is in decline, with Bitcoin falling below $80,000. The fact that Pi increased in price to the opposite market in the session of February 27 is said to be due to the different characteristics of the Pi user community, less affected by the general trend of the cryptocurrency market.
However, experts warn that investing in Pi Network has many potential risks. This project has not provided clear evidence of owning a real blockchain and has not been recognized by Vietnamese law. Transacting, buying and selling, or using Pi as a payment method can lead to legal risks for participants.
From the investor's perspective, Mr. Hoang Minh Tuan (36 years old, in Tay Ho, Hanoi) - who has participated in Pi mining since the early days - believes that Pi Network still has potential in the long term. According to him, strong price fluctuations after listing are normal in the digital market, because the initial period often witnessed large fluctuations due to unstable supply - demand and market sentiment.
The ability to apply it in practice is still a question mark
According to Mr. Tuan, as the market gradually becomes more stable and practical applications are widely deployed, the value of Pi can increase significantly. However, he also believes: "If you exploit Pi for free, there is nothing to lose, but if you pour a lot of capital into buying and selling, this is a fairly risky investment channel, because Pi Network does not have a clear legal basis and has not yet proven its real value in the cryptocurrency ecosystem".
Similarly, Ms. Le Ngoc Ha - a personal investor in Nam Tu Liem, Hanoi - also emphasized legal notes for this cryptocurrency. Ms. Ha commented: The strong fluctuations of Pi Network mainly come from the FOMO (fear of missing out on opportunities) mentality and the manipulation of interest groups. Currently, Pi Network still lacks transparency in its operating mechanism and has not been recognized by many countries, which puts more risks than opportunities. If Pi is truly valuable, it needs to prove its practical application, instead of relying solely on community expectations. Currently, everything is still very vague," Ms. Ha shared.
Meanwhile, experts give a more cautious view of Pi Network, especially the legality and operating model of the project.
legality and transparency are the biggest concerns
In a recent analysis, Mr. Dang Minh Tuan - Chairman of the Vietnam Blockchain Alliance - assessed that Pi Network has certain advantages, but there are many limitations, including the lack of official information about the development team and the lack of transparency in source code. In particular, the operating model of this project does not follow the principle of decentralization - the core element of a real blockchain platform.
According to Mr. Tuan, a safe blockchain platform needs to be highly decentralized and ensure transparency, especially in issues related to source code and fund management. Meanwhile, the development team of Pi Network has not yet announced a smart contract, which is a worrying issue about the reliability of the project.
