Pi Coin today's news: With the v23 version upgrade and exposure of TOKEN2049, multiple favourable information has led to a rise in speculation about listings on mainstream CEX.

Pi Network has recently partnered with Sign Protocol to launch a significant upgrade, v23, bringing new momentum to the project. This cooperation is seen as a key step for Pi Network towards regulatory compliance: by integrating Sign Protocol's blockchain verification credentials, Pi can securely store and share user data on-chain, enhancing its appeal to regulated exchanges. Notably, Sign Protocol has secured $16 million in support from YZi Labs, directly sparking high speculation in the market regarding its potential listing on mainstream CEX. Although the price of the PI token shows signs of recovery around $0.27, the false narrative circulating in the community, claiming the value of the Pi token to be $314,159, known as "GCV" (Global Consensus Value), is receiving stern warnings from crypto experts, who believe it could severely damage the project's long-term credibility.

Strategic Cooperation and Network Upgrade: Paving the Way for Compliance and Listing

After experiencing a tough period in September, Pi Network has found new momentum for development through a series of strategic partnerships and technology upgrades, turning its attention to mainstream exchanges.

Key Points of the Cooperation between Pi Network and Sign Protocol

1. Enhanced Compliance: The collaboration aims to create Blockchain verification certificates that ensure data security and tamper-proofing. Encryption expert Dr. Altcoin emphasized that this helps Pi Network address regulatory requirements by providing enhanced trust certificates, attracting exchanges like Binance that require strict compliance.

2. Background contact of mainstream CEX: Sign Protocol has received $16 million in funding from YZi Labs. This direct association is seen by analysts as a potential catalyst for PI's eventual listing on this CEX.

3. User Integration: This collaboration will integrate over 60 million "pioneers" of the Pi Network into Sign Protocol's Web3 services, injecting a huge user base and application potential into both ecosystems.

v23 Upgrade and Major Exposure Opportunity

In addition to its collaboration with Sign Protocol, Pi Network has also made significant iterations on the technical level:

1. v23 version upgrade: The network has launched the v23 version, introducing AI-driven KYC tools and more efficient node operations. These upgrades are designed to make the Pi Network, which has 60 million active users, faster and more scalable.

2. TOKEN2049 Exposure: Pi co-founder Dr. Chengdiao Fan is scheduled to speak at the TOKEN2049 conference in Singapore in October, which provides strategic exposure for Pi in front of global encryption leaders and growing institutional interest.

PI Token Price and Market Sentiment Analysis

The price of the PI Token has shown signs of stabilization after experiencing a decline, but key technical levels still need to be monitored in the short term.

Short-term price performance and key technical levels

1. Current Price Status: PI Token is currently trading around $0.27, having previously fallen below $0.30.

2. Resistance and Support: Analysts believe that the upward resistance is in the range of 0.30 to 0.32 dollars, while the support level is at 0.25 dollars; if it falls below 0.25 dollars, the price may further drop to 0.22 dollars.

3. Key Catalyst: Although the technical levels provide guidance, analysts generally believe that the opportunity for Pi Network to be listed on major exchanges is the key catalyst for completely reversing market sentiment.

Long-term Risks: The Dangers of the Misleading Narrative of "GCV"

Despite the optimistic compliance outlook, Dr. Altcoin expressed serious concerns about the misleading narratives circulating within the Pi Network community, believing they are a major obstacle to the project's long-term development.

"GCV" rumors and their damage to reputation

1. False Valuation: The community is spreading false information claiming that each mined Pi Token is worth as much as $314,159 (i.e., the "GCV" narrative).

2. Token Stigmatization: These rumors simultaneously describe the Pi token traded on other exchanges as "dirty" or invalid.

Dr. Altcoin warns that this false information seriously undermines the long-term credibility of the Pi Network and may lead to a decline in the value of Pi Tokens. He urges the Pi core team to directly address these false statements to protect the project's reputation.

Conclusion

Pi Network is actively addressing its compliance and liquidity challenges through technological and strategic collaborations. The partnership with Sign Protocol, along with its highlight moments at TOKEN2049, injects new imaginative space into the ecosystem and token value of Pi. However, the ultimate success of the project depends not only on whether it can successfully go public but also on its ability to establish a trustworthy ecosystem. The Pi core team must take decisive action to eliminate unrealistic false narratives such as "GCV" circulating within the community, ensuring that the vast community of 60 million users can develop on a real and transparent basis, thus transforming its user base into lasting market value and institutional trust.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make decisions with caution.