The price of Pi Network is currently a topic attracting market attention due to counterarguments against the community-driven concept of GCV and its price movements. A leading market expert has argued that the vision of GCV is unrealistic.
Amid this controversial discussion, the price of Pi Coin (PI) is still struggling to regain momentum. However, optimism remains high for the future price movements of PI Coin.
Dr. Altcoin counters the GCV concept of the Pi network.
Dr. Altcoin, a well-known expert in the field of cryptocurrency, has recently conducted an in-depth study on the GCV vision of the Pi Network and its implications.
To clarify, the vision of Global Consensus Value (GCV) comes from enthusiastic early adopters, not from the official Pi core team.
The concept of GCV proposes a fixed value of $314.159 for each PI, inspired by the mathematical constant π (3.14159).
Supporters assert that GCV could help promote financial freedom and encourage real-world adoption.
However, Dr. Altcoin noted that GCV has no hope of becoming a reality. His argument is based on the current circulating supply of PI being 7.4 billion.
This expert added that GCV is economically unrealistic, even if the circulating supply is limited to the 340 million PI Coins currently available on centralized exchanges (CEX).
Dr. Altcoin explained that 340 million PI at GCV would create a market capitalization equivalent to the total annual GDP of the world.
He considers this an economically unfeasible scenario and emphasizes that GCV is not based on actual pricing principles.
In the next post, Dr. Altcoin suggests focusing on building practical utilities. He sees this as a better alternative than imposing a higher price based on hype.
The expert concluded that the value of the Pi coin will increase in a natural and sustainable way as the level of usage rises.
Binance may list PI Coin on June 28.
The Binance community voted in favor of listing PI in February 2025. However, regulatory issues and strategies have delayed this anticipated listing, causing disappointment in the Pi coin community.
Speculation about the Binance exchange listing PI on its platform has recently increased. The upcoming Pi Day 2 event, scheduled for June 28, 2025, is a key factor fueling these rumors.
The community anticipates that the PI Core Team will make an important announcement at this event, similar to previous occasions.
Binance is one of the largest cryptocurrency exchanges in the world. Therefore, if the exchange lists PI, it could enhance the reputation of this coin and expand demand.
As demand increases, the price of PI Network is likely to rise higher than the current level.
The analyst predicts an upcoming bullish trend.
According to CoinMarketCap data, PI is trading at $0.62, down 1.2% from the previous day. Despite the price drop, crypto analyst MOON JEFF has forecasted a positive outcome for PI.
The analyst stated that PI is preparing for an upcoming price surge. He posted a price chart for PI Network showing that the coin increased slightly by 0.05% in the 4-hour timeframe.
According to MOON JEFF, PI could rise to $0.80 in the current cycle.
Earlier this week, an analyst predicted that PI would reach an all-time high of $2. His prediction is based on PI surpassing the resistance level of $1.20. Another analyst, Weslad, evaluated the technical chart and stated that the price of PI could drop to $0.16 if it falls below the support level of $0.38.