Analyst Predicts Pi Network Price Could Rally 46X With AI Hype

Analysts are growing bullish on Pi Coin’s price rally after Pi Network integrated GenAI futures during its Pi2Day celebration. The AI market’s projected $16 trillion growth by 2030 could send Pi token prices soaring if the project captures even a small share. Popular analyst Mr. Spock predicts a potential parabolic bull run for Pi Network if it secures a 1-5% stake in the global AI market.

Pi Coin Price By 2030 If It Catches Up on AI Trends

During Pi Day last month, the Pi core team launched the Pi App Studio, announcing its fresh foray into the world of artificial intelligence (AI). Mr. Spock, the popular community member and analyst, believes that this could lead to a major value unlocking for Pi Coin, with the AI market size likely to grow to $16 trillion by 2030 as per the latest research from PwC, McKinsey, etc.

Pi Network is planning to ride on this AI wave, while becoming the first blockchain to integrate AI within its ecosystem fully. Mr. Spock also stated that with self-learning algorithms and personalized AI services in demand, Pi Network is positioning itself at the forefront of the data-driven economy. The blockchain platform is already deploying a suite of AI-ready applications and developer tools through its Pi App Studio and GenAI platform.

By enabling developers to build AI-integrated utilities within its ecosystem, Pi is laying the groundwork for a decentralized, user-centric digital infrastructure optimized for the AI era, added the analyst.

• Pi Coin Price If It Captures 1-5% of AI Boom

Following the Pi2Day, the Pi Network token has been moving sideways, slipping under $0.50, and to the 30th spot on the top crypto list. But Mr. Spock believes that the scenario could completely change over the next 5 years as the AI wave unlocks. If Pi Network captures just 1% of the projected $16 trillion global AI market, it could represent a $160 billion opportunity.

Currently, Pi Coin has a market cap of $3.53 billion. Thus, as per the analysts’ prediction, the altcoin could see a 46x upside or 4500% gains by 2030, which could take its price above $21. However, if it manages to capture 5% of the AI market size, the altcoin could trade over $100 by 2030, marking a staggering 200x return over the next five years, noted Mr. Spock.

Investors Need to Watch for Pi Token Unlocks in the Short-Term

Later this month, in July, a staggering 272 million Pi Network token unlocks are scheduled to unlock, which could induce downside pressure on Pi Coin price. Thus, market analysts believe that it can again retest the April lows of $0.40 by the end of August, as per our Pi Network price prediction. However, the downside risks remain limited from here for investors who believe in the long-term value unlocking of the Pi Network.

On the other hand, with a strong community backing, the Pi Core team needs to step up by encouraging Pi developers to contribute, while offering them better incentives and rewards. The $100 million Pi Ventures fund has yet to see key projects building on Pi Network.

In the meantime, the Pi Network price has surged over 4% in the last 24 hours, trading at around $0.4, according to CoinMarketCap data. This comes amid a broader crypto market rally, with BTC reaching a new ATH.