PI Coin has had a good start since its launch. Many holders have been very excited after this coin was listed on several exchanges and there is a general sense of optimism about its future. However, since then, some developments have raised doubts about how soon Pi Network can actually fulfill its promises.
One of the latest voices to speak out is Dr. Altcoin, a cryptocurrency analyst who shared his views on X regarding why he believes that Pi Network still has a long way to go before it is truly adopted globally.
The Lack of Use Cases for PI in the Real World is a Major Concern
According to Dr. Altcoin, one of the biggest issues Pi Network faces is the lack of reliable and fully functional utilities. Without strong real-world use cases, he believes that the Pi coin will struggle to maintain any meaningful economic value.
For a currency to be useful, it must have more than just the ability to be exchanged. It must truly power the transactions, services, and products that people need on a daily basis. Currently, Pi does not have that kind of integration in real-world commerce.
Dr. Altcoin argues that unless Pi is actively used by businesses and merchants, especially in places where cryptocurrency adoption is increasing, it will remain more of a speculative asset than a true medium of exchange.
The Price Instability of Pi Coin Is a Warning Sign
One other point that Dr. Altcoin raised is the price instability. He explained 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 be confident enough to use it for regular shopping transactions.
According to Dr. Altcoin's perspective, stability is the key to adoption. People and businesses need to know that the value of their PI holdings will not suddenly collapse or spike in unforeseen ways. Without that assurance, the currency will struggle to move beyond being just a speculative asset.
The User Base of Pi Network Is Not as Strong as It Appears
Pi Network is often praised for having over 70 million users, but Dr. Altcoin states that this number does not tell the whole story. He points out that about 95% of people holding Pi 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 real economic activity of the network is still very limited. Even with a large number of users on paper, most of them are still unable to actively participate in the ecosystem. For Pi to attract attention, more people need access to usable tokens and this currency needs to have higher value within its own ecosystem.
Dr. Altcoin believes that the price of PI needs to reach at least 10 dollars before it can support any meaningful transactions in the Pi ecosystem. But at the current rate, that prospect still seems far off.
The Adoption of PI Coin Will Take Time
]Dr Altcoin asserts that although Pi Network has potential, it will still take many more years before it can become a serious global payment option. He estimates that it may take at least another 5 years before the PI coin achieves the level of stability, utility, and ecosystem growth necessary for widespread use in everyday transactions.
This outlook may disappoint some holders, especially those expecting rapid progress after the listing. But for now, the message is clear. Without a use case, stability in price and unlocked supply, Pi may remain stuck in the early development stage for a longer period.
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The Harsh Truth About Pi: Analyst Warns of 5-Year Latency in Global Adoption
PI Coin has had a good start since its launch. Many holders have been very excited after this coin was listed on several exchanges and there is a general sense of optimism about its future. However, since then, some developments have raised doubts about how soon Pi Network can actually fulfill its promises. One of the latest voices to speak out is Dr. Altcoin, a cryptocurrency analyst who shared his views on X regarding why he believes that Pi Network still has a long way to go before it is truly adopted globally. The Lack of Use Cases for PI in the Real World is a Major Concern According to Dr. Altcoin, one of the biggest issues Pi Network faces is the lack of reliable and fully functional utilities. Without strong real-world use cases, he believes that the Pi coin will struggle to maintain any meaningful economic value. For a currency to be useful, it must have more than just the ability to be exchanged. It must truly power the transactions, services, and products that people need on a daily basis. Currently, Pi does not have that kind of integration in real-world commerce. Dr. Altcoin argues that unless Pi is actively used by businesses and merchants, especially in places where cryptocurrency adoption is increasing, it will remain more of a speculative asset than a true medium of exchange.
The Price Instability of Pi Coin Is a Warning Sign One other point that Dr. Altcoin raised is the price instability. He explained 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 be confident enough to use it for regular shopping transactions. According to Dr. Altcoin's perspective, stability is the key to adoption. People and businesses need to know that the value of their PI holdings will not suddenly collapse or spike in unforeseen ways. Without that assurance, the currency will struggle to move beyond being just a speculative asset. The User Base of Pi Network Is Not as Strong as It Appears Pi Network is often praised for having over 70 million users, but Dr. Altcoin states that this number does not tell the whole story. He points out that about 95% of people holding Pi 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 real economic activity of the network is still very limited. Even with a large number of users on paper, most of them are still unable to actively participate in the ecosystem. For Pi to attract attention, more people need access to usable tokens and this currency needs to have higher value within its own ecosystem. Dr. Altcoin believes that the price of PI needs to reach at least 10 dollars before it can support any meaningful transactions in the Pi ecosystem. But at the current rate, that prospect still seems far off. The Adoption of PI Coin Will Take Time ]Dr Altcoin asserts that although Pi Network has potential, it will still take many more years before it can become a serious global payment option. He estimates that it may take at least another 5 years before the PI coin achieves the level of stability, utility, and ecosystem growth necessary for widespread use in everyday transactions. This outlook may disappoint some holders, especially those expecting rapid progress after the listing. But for now, the message is clear. Without a use case, stability in price and unlocked supply, Pi may remain stuck in the early development stage for a longer period.