June 28, 2025, is expected to be a significant event for the Pi Network community as millions of participants hope for an announcement regarding the Global Consensus Value (GCV) from the Pi Core Team.
Discussion of GCV in the Community
Supporters of GCV propose setting its value at $314.159 per Pi, symbolizing belief and unity in the project. Although the Core Team does not officially endorse this, GCV is promoted through events globally, particularly in Asia and Africa. A recent poll indicated that 99.1% of users support GCV, arguing that it is the users who give Pi real value through everyday use.
Critics' Opinions on GCV
Critics argue that GCV is merely symbolic, and its practical value may only be realized once the open mainnet launches. Analysts such as Dr Altcoin warn that without significant updates, including discussions about GCV, the token could slide back to $0.40.
Tense Situation in the PiCoin Market
Pi Coin has faced difficulties recently, with a drop of 24% in the past month and over 80% from its all-time high. As more tokens unlock and with no significant news yet, the pressure is mounting. The upcoming mainnet launch and updates regarding GCV or merchant tools could change market perception and the future value of the project.
The situation surrounding Pi Network and the anticipation of GCV highlight the importance of communication between the team and the community. Official recognition of GCV could be a step toward restoring user trust.
