Pi Network Faces Five-Year Hurdle for Global Adoption

Pi coin, launched with much fanfare, initially garnered significant excitement and optimism from its holders following its listing on several exchanges. However, recent developments have cast doubts on the timeline for Pi Network to deliver on its promises. Dr Altcoin, a prominent crypto analyst, has shared his perspective on the challenges facing Pi Network, suggesting that it may take at least another five years for the coin to achieve global adoption.

One of the primary concerns highlighted by Dr Altcoin is the lack of real-world use cases for Pi coin. He argues that without trusted and fully functional utilities, Pi coin will struggle to maintain any meaningful economic value. For a currency to be truly useful, it must power transactions, services, and products that people need on a daily basis. Currently, Pi coin lacks this level of integration in real-world commerce, which is crucial for its adoption as a transactional currency.

Dr Altcoin emphasizes that unless Pi coin is actively used by businesses and merchants, especially in regions where crypto adoption is on the rise, it will remain more of a speculative asset rather than a practical currency. He believes that Pi Network will need at least another five years to develop the necessary infrastructure and use cases to function as a global peer-to-peer currency.

Another critical issue raised by Dr Altcoin is the price instability of Pi coin. He notes that for Pi coin to be taken seriously as a currency for everyday use, it needs to achieve a level of stability similar to established fiat currencies like the US dollar. The volatile nature of Pi’s price makes it unreliable for routine purchases, as people and businesses require assurance that the value of their holdings will not fluctuate unpredictably. Without this stability, Pi coin will continue to be seen as a speculative asset rather than a viable currency.

Dr Altcoin also points out that the user base of Pi Network, often cited as over 70 million users, does not reflect the true economic activity within the network. He reveals that about 95% of Pi holders own less than 1,000 PI tokens, and most of these tokens are either locked or awaiting migration to the mainnet. This means that the network’s true economic activity is still very limited, as most users cannot actively participate in the ecosystem. For Pi coin to gain traction, more people need access to usable tokens, and the coin needs to have higher value within its own ecosystem.

Dr Altcoin suggests that the price of PI would need to hit at least $10 to support meaningful transactions within the Pi ecosystem. However, at the current pace, this scenario seems distant. He makes it clear that while Pi Network has potential, it is still years away from becoming a serious global payment option. He estimates that it could take at least another five years for Pi coin to gain the stability, utility, and ecosystem growth required for widespread use in everyday transactions.

This outlook may be disappointing for some holders who expected rapid progress after the coin’s listing. However, the message is clear: without use cases, price stability, and an unlocked supply, Pi coin may remain in the early stages of development for some time. Dr Altcoin’s analysis underscores the need for Pi Network to address these challenges to achieve its vision of becoming a global peer-to-peer currency.

Ask Aime: Why is Pi Coin struggling to gain traction despite its initial hype?