After years of waiting, Pi Network has come a long way, but the journey is not over yet. While the platform is nearly complete, the ecosystem is still not ready to fully support large-scale DApp usage or economic activities. At the same time, many users are still frustrated by the delays in KYC approval, migration, and promised rewards. Meanwhile, cryptocurrency analyst Dr. Altcoin believes that these delays could be part of a larger plan to safeguard the future of Pi.
The Real Reason for the Delay
According to Dr. Altcoin, the Pi Core Team has completed most of the foundational work needed to operate the network. They have taken over six years to achieve this, but the project is still not fully ready to handle large-scale DApps or real peer-to-peer transactions at a larger scale.
Another important factor is the so-called 'price discovery phase'. Currently, Pi Coin is still seeking its true market price. The price has dropped from around $3 to a low of $0.40.
Meanwhile, Dr. Altcoin stated that the Pi Core Team wants to see Pi trading above $10 before allowing full peer-to-peer usage. Until that happens, they are delaying to avoid a market collapse.
Delay Strategy to Prevent a Fire Sale
It’s no secret that many people are holding Pi just for the pending rewards, KYC approval, and the migration process. If all those coins were released today, a large number of users would likely sell off immediately, causing the price to drop sharply and weakening the community.
By delaying these matters, the team is buying time for the value of Pi to grow stronger. Dr. Altcoin even hinted that locking or burning tokens of certain coins for the long term could be used in the future to push the price up.
Play the Long Game
However, Dr. Altcoin said he is focused on the long term, believing that the great promise of Pi will be worth it. If the plan succeeds, the network could achieve true peer-to-peer utility, stronger pricing, and potentially help loyal holders achieve financial freedom.