PI coin had a good start following its launch. Many holders were excited following its listing on several exchanges, and there was a general sense of optimism about its future. But since then, a number of developments have raised doubts about how soon Pi Network can truly deliver on its promises.
One of the latest voices to weigh in is Dr Altcoin, a crypto analyst who shared his opinion on X about why he believes Pi Network still has a long way to go before it sees real global adoption.
What you'll learn 👉
Lack of Real-World PI Use Cases Is a Major Concern
According to Dr Altcoin, one of the biggest issues Pi Network faces is the absence of trusted and fully functional utilities. Without strong use cases in the real world, he believes that the Pi coin will struggle to maintain any meaningful economic value. For a currency to be useful, it has to be more than just tradable. It has to actually power transactions, services, and products that people need every day. Right now, Pi does not have that kind of integration in real-world commerce.
Dr Altcoin argues that unless Pi coin is actively used by businesses and merchants, especially in places where crypto adoption is rising, it will remain more of a speculative asset than a true transactional currency.
Pi Network will likely need at least another 5 years before it can be used as a global peer-to-peer currency.
— Dr Altcoin (@Dr_Picoin) June 14, 2025
Why?
1. Pi needs trusted and fully functional utilities. Without real-world use cases and widespread adoption in commerce, it cannot sustain meaningful economic value.… pic.twitter.com/GumHOJ70jz
Pi Coin Price Instability Is a Red Flag
Another point raised by Dr Altcoin is the lack of price stability. He explains that for Pi coin to be taken seriously as a currency for everyday use, it needs to reach a level of stability similar to that of established fiat currencies like the US dollar. If Pi’s price keeps swinging up and down, no one will be confident enough to use it for routine purchases.
In Dr Altcoin’s view, stability is key to adoption. People and businesses need to know that the value of their PI holdings won’t suddenly collapse or surge in unpredictable ways. Without that assurance, the coin will struggle to move beyond being just a speculative asset.
Pi Network User Base Isn’t as Strong as It Looks
Pi Network is often praised for having over 70 million users, but Dr Altcoin says that number doesn’t tell the full story. He points out that about 95% of Pi holders actually own less than 1,000 PI tokens. And most of these tokens are still either locked or waiting for migration to the mainnet.
What this means, according to him, is that the network’s true economic activity is still very limited. Even if there is a large user base on paper, most of it cannot actively participate in the ecosystem yet. For Pi coin to gain traction, more people need to have 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 before it can support any meaningful transactions within the Pi ecosystem. But at the current pace, that scenario still feels far off.
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PI Coin Adoption Will Take Time
]Dr Altcoin makes it clear that although Pi Network has potential, it is still years away from being a serious global payment option. He estimates that it could take at least another 5 years before PI coin gains the kind of stability, utility, and ecosystem growth required to be used widely for everyday transactions.
This outlook might be disappointing for some holders, especially those who expected rapid progress after its listing. But for now, the message is clear. Without use cases, price stability, and unlocked supply, the Pi coin may remain stuck in the early stages of development for a while longer.
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