After Dr. Nicolas Kokkalis delivered an inspiring keynote at Consensus 2025, outlining Pi Network’s AI-era ambitions and decentralized future, a respected altcoin expert, known as Dr. Altcoin on X, issued a grounded response that challenges the overly bullish outlook.
While Kokkalis spotlighted Open Mainnet, a thriving ecosystem of over a thousand apps, and real-world use cases, Dr. Altcoin pointed out serious structural and executional hurdles that could delay true ecosystem growth for several years.
Dr. Kokkalis mentioned the increasing number of applications being built on Pi. However, Dr. Altcoin stressed that a dedicated venture support arm is essential for real growth. Without it, developer efforts may stall due to lack of funding and strategic guidance.
While the high application count reflects interest, Dr. Altcoin explained that selecting viable projects for funding is a time-consuming process. Vetting, evaluating, and shortlisting projects could take at least 6 to 12 months.
Even after projects are selected, disbursing funds isn’t immediate. Dr. Altcoin estimates that developers will likely face a wait of 3 to 6 months before receiving financial support, slowing the ecosystem rollout.
Dr. Altcoin raised concerns over the quality of current DApps, stating that building applications with real-world utility and security will take 1 to 2 years. Current excitement over quantity, he argues, is misplaced without quality and functionality.
According to Dr. Altcoin, a fully developed Pi Network ecosystem — complete with solid infrastructure, funding, and quality applications — is likely 2.5 to 5 years away. The process includes:
In the short term, Dr. Altcoin predicts a potential spike in PI’s price to around $2–$3 if major exchange listings occur. However, he cautions this would be speculative in nature and not tied to actual ecosystem maturity.
The current dip shows just how volatile Pi still is, despite community excitement.
Dr. Kokkalis painted a hopeful future, but Dr. Altcoin’s response delivers a necessary reality check. Building a decentralized, functional Pi Network will require years of structured effort, not just speeches and milestones.His final advice to the Pi community: “Lower your expectations for the next five years.”
Open Mainnet is Pi’s public blockchain hosting 1,000+ apps, showcasing potential but needing robust support.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
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