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Analyst: If Pi coin occupies 5% of the 16 trillion artificial intelligence market, the return on investment over the next five years could be substantial.
Analyst Spock mentioned that if Pi Network (PI) can capture 1-5% of the entire artificial intelligence (AI) market, its value will be significantly unleashed by 2030. Pi Network is committed to building decentralized, AI-supporting infrastructure, which makes it a leader. Despite its recent poor performance, the long-term sentiment for Pi coin remains bullish.
With Pi Network mentioning GenAI during last month's Pi2Day celebration, analysts are optimistic about the price pump of PI coin, as the artificial intelligence market could grow to 16 trillion dollars by 2030. As the Pi core team joins the artificial intelligence trend ahead of time, the price of PI coin may experience a parabolic rise.
Leveraging the Artificial Intelligence Revolution, can the price of PI coin soar by 46 times?
According to CoinGape, during last month's Pi Day, the Pi core team launched the Pi App Studio, announcing their entry into the field of artificial intelligence. Popular community member and analyst Spock believes this could bring significant value release for Pi coin. According to recent research from companies such as PwC and McKinsey, the artificial intelligence market size could grow to $16 trillion by 2030.
Pi Network is planning to ride the wave of artificial intelligence and become the first blockchain project to fully integrate artificial intelligence into its ecosystem.
Spock also stated that as the demand for self-learning algorithms and personalized artificial intelligence services continues to grow, Pi Network is positioning itself at the forefront of the data-driven economy. The blockchain platform has deployed a series of AI-supported applications and developer tools through its Pi App Studio and GenAI platform.
The analyst added that by allowing developers to build practical applications integrating artificial intelligence within its ecosystem, Pi is laying the foundation for a decentralized, user-centric digital infrastructure optimized for the AI era.
If PI coin can capture 1-5% of the artificial intelligence boom, what is the price outlook for the next five years?
After the Pi2Day event, the Pi Network token has been consolidating sideways, dropping below $0.50 and falling to 30th place on the cryptocurrency rankings. However, Spock believes that with the onset of the artificial intelligence wave, this situation could change dramatically within the next five years. Even if the Pi Network captures 1% of the projected $16 trillion global artificial intelligence market, it could represent a business opportunity of $160 billion.
Currently, the market value of PI coin is 3.53 billion USD. Therefore, according to analysts' predictions, by 2030, the price of this altcoin could pump 46 times, with an increase of 4,500%, potentially exceeding 21 USD.
However, Spock pointed out that if it can capture 5% of the artificial intelligence market size, by 2030, the trading price of the altcoin could exceed $100, which means the return on investment over the next five years could reach an astonishing 200 times.
Short-term bearish signals cannot be ignored: Investors need to pay attention to the unlocking of PI coin
In July, the Pi Network will unlock up to 272 million coins, which may exert downward pressure on the price of Pi coins. Therefore, market analysts believe that the price of Pi coins may test the low of $0.40 again in April. However, for investors who believe in the long-term value release of the Pi Network, the current downside risk remains limited.
On the other hand, with strong community support, the Pi core team needs to strengthen its efforts to encourage Pi Network developers to contribute, while also providing them with better incentives and rewards. Currently, the $100 million Pi Ventures fund has yet to see key projects built on the Pi Network.