PI Coin had a good start after its launch. Many holders were excited after the coin was listed on several exchanges and there was a general sense of optimism about its future. But since then, some developments have raised doubts about how soon Pi Network can truly deliver on its promises.

One of the latest voices to speak out is Dr. Altcoin, a cryptocurrency analyst who shared his thoughts on X regarding why he believes that Pi Network still has a long way to go before it can truly be adopted globally.

The Lack of PI Use Cases in the Real World is a Major Concern

According to Dr. Altcoin, one of the biggest issues that Pi Network faces is the lack of reliable and fully functional utilities. Without strong use cases in the real world, he believes that the Pi coin will struggle to maintain any meaningful economic value.

For a currency to be useful, it must be more than just tradable. It must genuinely power the transactions, services, and products that people need daily. Currently, Pi lacks that kind of integration in real-world commerce.

Dr. Altcoin argues that unless the Pi coin is actively used by businesses and merchants, especially in areas where cryptocurrency adoption is increasing, it will remain more of a speculative asset than a true trading currency.

The Price Volatility of Pi Coin is a Warning Sign

Another point that Dr. Altcoin raises is the lack of price stability. He explains that for the Pi coin to be valued as a currency for everyday use, it needs to reach a level of stability similar to established fiat currencies like the US dollar. If the price of Pi continues to fluctuate up and down, no one will feel confident enough to use it for regular shopping transactions.

According to Dr. Altcoin, stability is key to adoption. People and businesses need to know that the value of their PI holdings will not suddenly crash or spike in unpredictable ways. Without that assurance, the coin will struggle to move beyond being merely a speculative asset.

The User Base of Pi Network is Not as Strong as It Seems

Pi Network is often praised for having over 70 million users, but Dr. Altcoin says that number does not tell the whole story. He points out that about 95% of Pi holders actually own less than 1,000 PI tokens. And most of these tokens are still locked or waiting to move to the mainnet.

According to him, this means that the actual economic activity of the network is still very limited. Even with a large number of users on paper, most of them have yet to actively participate in the ecosystem. For the Pi coin to attract attention, more people need access to usable tokens, and the coin needs to hold greater value within its own ecosystem.

Dr. Altcoin believes that the price of PI needs to reach at least $10 before it can support any meaningful transactions in the Pi ecosystem. But at the current rate, that prospect is still a long way off.

The Application of PI Coin Will Take Time

]Dr. Altcoin asserts that although Pi Network has potential, it will take many more years before it can become a serious global payment option. He estimates that it could take at least another 5 years before the PI coin achieves the stability, utility, and ecosystem growth necessary for widespread use in daily transactions.

This outlook may be disappointing for some holders, especially those expecting rapid progress after listing. But for now, the message is clear. Without use cases, price stability, and unlocked supply, the Pi coin may remain stuck in the early development stage for a longer time.