The Pi Coin price (PI) may be on the ropes short term, but its community is gearing up for a potentially explosive turnaround ahead of Pi2 Day on June 28.
While the token has slipped to $0.6414 today — down 59% in a month and 78.5% from February’s all-time high of $2.99 — hopes are building that the Pi Network team will use Tau Day to officially recognize the token’s Global Consensus Value (GCV), which currently stands at an eye-watering $314,159.
If community momentum builds and the team signals major developments, the Pi Coin price prediction could shift dramatically — with bulls eyeing a steep rebound in the weeks to come.
Pi Coin Price Prediction: June 28 Could Change the Future of Pi Network – Here’s Why
The GSV is the price PI has assumed within certain parts of the Pi Network community and private tests, with $314,159 clearly being a homage to the number Pi, which is 3.14159.
As the tweet below exemplifies, some PI community members are calling for the core PI team to “recognize the GCV as the real value of PiCoin.”
However, it seems extremely unlikely that this will ever happen, for various reasons.
Firstly, it’s hard to see what the Pi Network team’s ‘recognition’ of the GSV would actually achieve, with recognition alone hardly being enough to change the market price of PI.
Secondly, PI has a total supply of 100 billion PI, which would mean that a price of $314,159 would equate to a market cap of $314,159,000,000,000,000.
That’s $314.159 quadrillion, which is just over 2,900 times bigger than total global GDP, currently at $106 trillion.
We’ll leave it to readers to judge how feasible this is.
As for how the Pi Coin price is faring today, its chart today shows the token in a very weak and oversold position, although this could indicate an incoming rebound.
Its RSI (purple) has below 50 since the middle of May, while its 30-period average (orange) has also been well below the 200-period (blue) for a couple of months now.
Source: TradingViewAs such, a recovery is overdue, with the Pi Coin price potentially on course to return to $1 in July, particularly if market conditions continue to improve.
And if PI can attract new listings from big exchanges (e.g. Binance, Coinbase), it could certainly surpass this level, potentially reaching $3.14 by the end of the year, but not $314,159.
New Crypto Presale with Powerful Tokenomics Poised for Breakout Gains
If PI still seems a bit too sketchy for some traders, they may prefer to allocate some of their portfolios to newer tokens, which have a better chance of strong gains in the near term.
Such newer tokens include presale coins, which can often rally vigorously when their sales end and they list for the first time.
One example on track to have a good listing is Bitcoin Bull (BTCBULL), an ERC-20 token that has now raised a very healthy $7 million in its ICO.
BTCBULL’s presale ends in 19 days, with investors now racing to buy some of the coin early, before it lists on exchanges and potentially surges.
Bitcoin Bull is exciting because it’s more than a meme token, with the token also boasting deflationary tokenomics linked to Bitcoin’s (BTC) price movements.
With a hard cap of 21 billion BTCBULL, the coin will conduct token burns whenever BTC itself adds another $25,000 to its price for the first time, starting with $125,000.
It will also host airdrops of BTC, doing so whenever the latter adds another $50,000 to its price, beginning with $150,000.
This could make BTCBULL very lucrative to hold, with the Ethereum-based token also open to staking, thereby earning holders a passive income.
While its sale is about to end, investors can join by going to the Bitcoin Bull website and connecting their wallet.
BTCBULL is selling at $0.00256, although its early growth suggests that it could easily surpass this price once it lists.
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