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Pi Coin’s $314K GCV Value Is Pioneer-Led, Not Pi Core Team Backed: Analyst


Pi Coin’s $314K GCV Value Is Pioneer-Led, Not Pi Core Team Backed: Analyst

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  • Pi Network’s community-held $314,159 Pi coin value (GCV) is under fresh scrutiny.
  • Analysts state GCV came from pioneer campaigns, not the Pi Core Team or market data.
  • Pi coin trades near $0.65; a $314K GCV implies an unfeasible >$72T market cap.

There’s a strong belief in the Pi Network community that each Pi coin is worth a fixed $314,159. This idea, known widely as the Global Consensus Value (GCV), has been stirring up a lot of talk and confusion lately. It’s also creating big expectations that, frankly, the actual market doesn’t back up.

Where Did This $314K GCV Idea Come From?

To understand what’s going on, it helps to know how this eye-popping $314,159 figure for Pi coin even came about. According to new reporting from Pi community analyst Dr. Altcoin, this valuation wasn’t something handed down by the official …

The post Pi Coin’s $314K GCV Value Is Pioneer-Led, Not Pi Core Team Backed: Analyst appeared first on Coin Edition.

Read the article at CoinEdition

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Coins

$ 0.00732

+2.88%

$ 0.00...361

$ 3.46

$ 1.58


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