The post Pi Network News: $0.23 Reality Check as GCV Hype Gets Publicly Debunked appeared first on Coinpedia Fintech News
Pi Network continues to lag behind the broader crypto market recovery, struggling to reclaim important levels while major altcoins show signs of strength. At the same time, old rumors about Pi’s “GCV value” have resurfaced, sparking confusion across the community.
GCV Rumors Spread After November 28
Posts circulating online claim that after November 28, the so-called GCV value of $314,159 has become the core accounting constant across all Pi Network systems.
A crypto commentator, who has tracked the Pi ecosystem, dismissed the rumor and warned the community against unrealistic expectations. He argued that if fixed, arbitrary price values were possible, thousands of actively traded cryptocurrencies would have already adopted similar mechanisms.
According to him, Pi’s real price remains around $0.23, and its growth will depend on market maturity, not on speculative numbers circulating online.
“The GCV cult is damaging the project from every angle. The current price of Pi is $0.23 and it will increase with time as the project matures,” Dr Altcoin said.
Pi Price Shows Mild Recovery but Faces Key Resistance
Despite the controversy, Pi has recorded a short-term bounce. At the time of writing, Pi trades at $0.2483, rising 4.43% over the past 24 hours. The project’s market cap has reached $2.07 billion, supported by $27.19 million in daily trading volume.
A major whale accumulation, now holding more than 381 million Pi, has reduced selling pressure. Merchant adoption through Map of Pi 2.0 and improving regulatory signals also provide some support. Even so, Pi remains stuck below the important $0.26–$0.27 resistance range. Bulls must protect the $0.24 support zone to maintain hope for a sustained breakout.
For now, the reality stands: Pi is not worth hundreds of thousands of dollars. Its valuation remains under $0.25, and the project’s future depends on adoption, utility, and transparent development.