- Down 59% in a month and over 78% from February's peak of $2.99 — but hope is building ahead of Pi2 Day on June 28. The community hopes that the Pi Network team will officially recognize the global consensus value of the token, currently set at $3.
Although recognizing GCV may not have a direct impact on market price, bulls believe it could change sentiment and fuel a rally. Technically, PI looks overbought, and a return towards $1 in July is possible if momentum increases — especially with potential exchange listings.
Still, talking about a $314,159 valuation is far-fetched, as PI's 100 billion supply would imply a $314 quadrillion market cap, which is diminishing global GDP.
For risk-averse traders, new presale tokens like Bitcoin Bull (BTCBULL) — which has raised $7M — may offer more realistic short-term upside.
