In a recent post on X, renowned cryptocurrency analyst Dr. Altcoin shared his long-term outlook on the future of Pi Network, suggesting it may take at least another five years for PI to be used as a global peer-to-peer currency. While acknowledging the potential of Pi Network, this expert emphasizes that the network still lacks the critical infrastructure needed to create sustainable economic value.

Pi Network still lacks real use cases

Dr. Altcoin points out that Pi Network must establish real use cases and collaborate with businesses and services where users can spend PI tokens.

The analyst warns that without utility, the price of PI will not achieve long-term value.

Pi Coin is not listed on major exchanges like Binance, limiting its external liquidity. Most use cases remain confined to community-operated markets within the network's internal ecosystem.

Furthermore, the lack of full direct smart contract support and concerns about central control as well as limited transparency are major barriers in the development of Pi.

Price volatility of PI is a major concern

Dr. Altcoin emphasizes that PI is not yet as stable as major fiat currencies like the US dollar. Price stability is essential for widespread adoption in daily transactions.

  • On February 20, 2025, when the open Mainnet launches, PI closed at $0.8662.

  • Within six days, the price soared by 2,902%, but dropped more than 81.47% on April 4.

  • As of March 13, PI mainly trades in the range of $1.7930 to $0.4027.

  • On May 12, the coin experienced a breakout, but selling pressure pulled the price down on May 14.

As of yesterday, PI hit a low of $0.4019 but subsequently recovered, rising 5.4% to $0.5822 in the past 24 hours.

95% of Pi network users hold less than 1,001 PI

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

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

He notes that for Pi to have meaningful utility, the price must rise so that these small balances can hold real value. But that is challenging, especially considering:

  • The price of PI has decreased by 33.2% over the past 30 days.

  • Just in the past week, the price has dropped by 7.3%.

  • The current price is nearly 80% lower than the all-time high.

Conclusion: The journey of Pi Network needs time and trust

Dr. Altcoin concludes that widespread adoption of Pi Network will take time. He believes this will require:

  • Price Stability

  • Building Trust

  • Practical Utility

That said, Pi Network has a solid foundation with over 60 million users (Pioneers) worldwide. The free mobile mining model, low barriers to entry, and support from a team led by Dr. Stanford give it an advantage. If the core team can address current gaps, Pi Network could emerge as a powerful decentralized ecosystem in the coming years.