Pi Network Won’t Be Ready for Mass Adoption Until 2030, Says Crypto Analyst

0


In a recent post on X, prominent crypto analyst Dr Altcoin shared his long-term outlook on Pi Network’s future, suggesting it may take at least five more years before PI becomes usable as a global peer-to-peer currency.

While he acknowledged Pi Network’s potential, the expert stressed that it still lacks the critical infrastructure needed to establish sustainable economic value.

Pi Network Still Lacks Real-World Use Cases

Dr Altcoin pointed out that Pi Network must establish real-world use cases and partner with actual businesses and services where users can spend PI tokens.

Without utility, PI’s price will not gain lasting value, the analyst warned.

Pi Coin is not listed on major exchanges like Binance, limiting its external liquidity. Most use cases remain restricted to community-run marketplaces within the network’s internal ecosystem.

Furthermore, the lack of fully live smart contract support and concerns about centralized control and limited transparency are key hurdles in Pi’s development.

PI Price Volatility Is a Major Concern

Dr Altcoin emphasized that PI is not yet stable like major fiat currencies such as the U.S. dollar. For widespread adoption in everyday transactions, price stability is essential.

  • On February 20, 2025, the Open Mainnet launch saw PI close at $0.8662.
  • Within six days, the price surged by 2,902%, but dropped over 81.47% by April 4.
  • Since March 13, PI has mostly traded between $1.7930 and $0.4027.
  • On May 12, the coin attempted a breakout, but selling pressure brought it down by May 14.

As of yesterday, PI touched a low of $0.4019 but has since bounced back, rising 5.4% to $0.5822 in the last 24 hours.

95% of Pi Network Users Hold Less Than 1,001 PI

Another key point raised by Dr Altcoin is the concentration of small holders:

Around 95% of Pi users hold less than 1,001 PI tokens.

He noted that for Pi to have meaningful utility, the price must rise so these small balances can hold real-world value. But that’s challenging, especially considering:

  • PI price has dropped 33.2% in the last 30 days.
  • It’s down 7.3% in just the past week.
  • The current price is nearly 80% below its all-time high.

Conclusion: Pi Network’s Journey Needs Time and Trust

Dr Altcoin concluded that mass adoption of Pi Network will take time. He believes it will require:

  • Price stability
  • Trust-building
  • Real-world utility

That said, Pi Network already has a strong foundation with over 60 million users (Pioneers) globally. Its free mobile mining model, low barrier to entry, and backing by a Stanford PhD-led team give it an edge.If the core team can address current gaps, Pi Network could emerge as a powerful decentralized ecosystem in the next few years.



Source link

You might also like
Leave A Reply

Your email address will not be published.