The Pi Network community has named June 28, 2025, the “Day of Great Expectation.” Millions of users—known as Pioneers—await the Pi Core Team’s response on the Global Consensus Value (GCV), a community-backed valuation that suggests PiCoin is worth $314,159. This symbolic figure has gained traction, especially across Asia and Africa. However, the Core Team has not officially endorsed it.
GCV supporters argue that the value reflects belief, unity, and grassroots use. Unlike exchange prices, GCV is community-driven. More than six million on-chain transactions already reference this valuation. In a recent poll, 99.1% of users supported GCV, claiming that real-world use determines Pi’s worth—not trading platforms.
Community Says Pi Network Core Team Must Recognize Value Usage
Advocates believe the Core Team should formally acknowledge GCV, not to set fixed prices, but to validate its widespread application. They expect the team to keep building tools and applications for real-world use rather than determine price directly.
Still, critics dismiss GCV as symbolic. Analysts, including one named Dr. Altcoin, warn that without a major announcement on GCV, PiCoin could slide back to $0.40. Even minor roadmap updates could shift sentiment and boost usage, especially as the open mainnet approaches.
Pi Network Price Drop and Community Demands Fuel Tension
In recent weeks, PiCoin dropped 24% and is now down 80% from its all-time high. With more tokens unlocking and no major ecosystem news so far, user sentiment has weakened. Community leaders now warn that if the Core Team remains silent, it could spark mass sell-offs and user exits. One prominent Pi Network news account said if Pi2Day only includes the launch of Pi Domains without major features, disappointment will grow. That account also called for long-awaited tools like smart contracts to go live—rather than postponing key releases again.
On June 28, the Pi Core Team is also expected to break silence on its Global Cryptocurrency Venture (GCV) plans. This event could mark a critical turning point for the years-in-development Pi Network. Originally launched as a mobile-based mining platform, Pi Network has now transitioned closer to a full mainnet launch.
The Core Team previously promised the mainnet would go live in the first quarter of 2025, once Know Your Customer (KYC) verification is complete. That process, they say, ensures security, compliance, and ecosystem integrity.
New DApps and Ecosystem Expansion Underway
As part of its buildout, the Core Team has also pushed for application growth. It plans to launch 100 decentralized apps (DApps) on the Pi Browser. These apps would let users buy and sell goods and services directly with Pi coins. The plan signals a shift toward practical daily use, especially in markets where fiat access is limited.
Meanwhile, technical updates are expected on tokenomics, KYC syncing, and mining adjustments. These changes may alter how Pi coins are earned, transferred, and used.
The Core Team’s move to address long-standing issues—especially GCV—marks a critical moment. Users expect answers not just on value, but on future tools, timelines, and access to their Pi. The team’s confidence in scheduling this update suggests they may finally be ready to move Pi Network out of its long testnet phase.
With over 47 million users worldwide and years of development behind it, the project now faces pressure to deliver. Community trust hangs on whether the Core Team will honor its roadmap—and its users.
MACD Signals Bullish Reversal After Extended Downtrend
The MACD chart shows a clear shift in momentum. On June 23, the MACD line (blue) crossed above the signal line (orange), marking a bullish crossover. This move followed a prolonged downtrend where the MACD stayed below the signal line, reflecting sustained selling pressure.
Now, the histogram bars have turned green and are growing, indicating increasing bullish momentum. Earlier, around June 13, the MACD dipped sharply to its lowest level in the visible range before gradually recovering.
This recovery phase narrowed the gap between the MACD and signal lines. As of now, the histogram has risen above the zero line, reinforcing the bullish reversal. If the MACD continues climbing and green bars expand, upward momentum may accelerate further.
Balance of Power Turns Positive After Days of Volatility
The Balance of Power (BoP) indicator flipped to +0.40 on June 23, signaling a shift toward buyer dominance. Over the past several days, BoP fluctuated sharply between positive and negative values, reflecting strong indecision and short-term volatility.
However, as of the latest reading, buyers have gained control. This move comes after a prolonged choppy period where neither side held sustained momentum. The positive BoP suggests that bulls are beginning to assert themselves, possibly confirming signals seen on other momentum indicators. If this strength continues, it may reinforce a bullish setup building across the chart.
RSI Breaks Above Neutral Line After Sharp Rebound
The Relative Strength Index (RSI) has climbed to 52.27 as of June 23, breaking above the key 50 mark. This move signals a shift in momentum from bearish to neutral-to-bullish territory.
Earlier, the RSI dropped below 30 on June 22, entering oversold conditions. That dip triggered a strong bounce, with the RSI quickly rising by over 20 points in less than a day.
The moving average (yellow) is also trending higher at 43.17, confirming the upward momentum. This crossover suggests that buying strength is now outweighing recent selling pressure. If RSI continues to rise and stays above 50, it could point to a sustained bullish trend forming.
