The PI network will not be ready for mass adoption until 2030, says a crypto analyst.
In a recent post on X, prominent crypto analyst Dr. Altcoin shared his long-term outlook on the future of the PI network, indicating that it may take at least five more years before PI becomes usable as a global peer-to-peer currency. While he acknowledged the potential of the PI network, the expert emphasized that it still lacks the critical infrastructure necessary to establish sustainable economic value. The PI network still lacks real-world use cases. Dr. Altcoin pointed out that the PI network must create real-world use cases and partner with actual businesses and services where users can spend PI tokens. Without utility, the price of PI will not gain lasting value. The PI currency is not listed on major exchanges like Binance, which limits its external liquidity. Most use cases remain confined to community-run markets within the network's internal ecosystem. Furthermore, the complete lack of smart contract support and concerns about central control and limited transparency are major obstacles to the evolution of PI. The volatility of PI prices is a significant concern. Dr. Altcoin stressed that PI is not yet stable like major fiat currencies such as the US dollar. For widespread adoption in everyday transactions, price stability is essential. On February 20, 2025, the MANENET opened and saw PI close at $0.8662. Within six days, the price surged by 2,902%, but dropped by 81.47% by April 4. Since March 13, PI has predominantly traded between $1.7930 and $0.4027. On May 12, the currency attempted a breakout, but selling pressure led to a decline by May 14. As of yesterday, PI touched a low of $0.4019 but has since retraced, 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: about 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 that these small balances can hold real value. But this is difficult, especially considering: the price of PI has declined 33.2% in the last 30 days. It is down 7.3% in the past week. The current price is nearly 80% lower than its all-time high. In summary: The journey of the PI network needs time and trust. Dr. Altcoin concluded that widespread adoption of the PI network will take some time. He believes it will require: price stability, building trust, and real-world utility. However, the PI network already has a strong foundation with over 60 million users (pioneers) globally. It is a free mobile mining model with a low barrier to entry and support from a team of Stanford PhDs giving it an edge. If the core team can address the current gaps, the PI network could emerge as a robust decentralized ecosystem in the coming years.