Crypto Analyst Warns of Infrastructure Gaps, Utility Deficit
In a detailed analysis posted on X (formerly Twitter), prominent crypto analyst Dr. Altcoin suggested that Pi Network may not reach mass adoption until 2030, citing significant infrastructure gaps, lack of real-world utility, and persistent price volatility.
Despite a user base of over 60 million global users, Dr. Altcoin argued that Pi Network remains years away from becoming a functional peer-to-peer digital currency.
“Pi has potential, but it still lacks the core pillars needed to sustain a real economy,” he wrote.
Real-World Utility Still Missing
Dr. Altcoin pointed to the absence of mainstream partnerships and merchant integrations as major obstacles. Pi’s current use cases are largely confined to community-run marketplaces, limiting its value outside the ecosystem.
The lack of listings on major crypto exchanges like Binance also stifles external liquidity and price discovery. Additionally, the network has yet to fully implement smart contract functionality, raising concerns about centralization and transparency.
Extreme Price Fluctuations Undermine Trust
Since its Open Mainnet launch on February 20, 2025, PI has exhibited severe price swings:
- Launched at $0.8662, surged 2,902% within days
- Dropped over 81% by April 4
- Currently trading near $0.58, 80% below its all-time high
Such instability, Dr. Altcoin noted, makes it unsuitable for everyday payments compared to stable fiat currencies like the U.S. dollar.
95% of Users Hold Under 1,001 PI
According to on-chain data, 95% of Pi Network users hold fewer than 1,001 PI tokens. Dr. Altcoin warned that unless PI’s price increases and becomes more stable, the majority of these balances will lack meaningful economic value.
The coin’s value has dropped 33.2% over the last 30 days and 7.3% in the past week, further casting doubt on its current utility.
Conclusion: Patience and Development Are Key
While Pi Network boasts a large user base and academic pedigree, Dr. Altcoin emphasized that real-world adoption will take time. For PI to succeed, the network must:
- Achieve price stability
- Build trust and transparency
- Deliver real-world utility
Still, he acknowledged that with time and execution, Pi could emerge as a powerful decentralized economy by the end of the decade.