Reality of PI
When I first encountered Pi Network, like many in the blockchain world, I was fixated on its price. As a mobile mining project, the key question was: how valuable could this token be? However, I soon realized that focusing solely on short-term prices missed the bigger picture. Compared to the early prices of Bitcoin and Ethereum, Pi Network’s potential already surpasses many older projects. More importantly, it’s not just a “coin” but a project built around its ecosystem, making its long-term value look promising.
Cryptocurrencies like Bitcoin and Ethereum began with negligible prices—Bitcoin was just $0.0008 in 2009, and Ethereum was about $0.31 in 2015. Their value grew not because of those early prices but because of the development of their ecosystems. Pi Network, on the other hand, is already live on exchanges with prices ranging from $0.6 to $2, starting much stronger than most blockchain projects.
However, price is just a small part of the story. What excites me most is Pi’s vision for its ecosystem. Unlike early pioneers like Bitcoin, which started as peer-to-peer payment systems, Pi has always aimed to build a decentralized, user-focused platform for decentralized apps (DApps). This sets it apart from others and pushes it toward a new frontier.
Many cryptocurrencies lack real utility, thriving on speculation or community support. Pi Network stands out by ensuring real users through KYC verification and incentivizing developers to create useful DApps like gaming, e-commerce, and social platforms. Post-mainnet, Pi could become a decentralized hub connecting millions of users, offering real value.
While some in the community criticize delays in the mainnet launch or slow price growth, I see this as a sign of a team that’s focused on building a solid foundation first. It’s similar to Ethereum’s approach—slow, steady development leading to long-term success. Pi Network’s journey is ongoing, but its future looks promising.
Looking ahead, Pi’s long-term value will depend on its ecosystem’s scale and utility.