Pi Network Plans Dual-Token System with PiUSD Amid Price Recovery and Community Confusion

Pi Network (PI) is showing signs of a price recovery, with PI trading around $0.2316 on OKX, marking a daily gain of approximately 2.1%. This uptick follows weeks of stagnation after October's crypto market crash, where the price briefly touched $0.20 before consolidating in a narrow range between $0.22 and $0.24 since early November.

Technical indicators suggest a potential reversal: the Relative Strength Index (RSI) has edged above 50 to around 51.1, indicating a shift from bearish to neutral sentiment, while the MACD recently flipped positive, signaling early upward momentum. Resistance is noted near $0.25–$0.27, with a breakout potentially targeting $0.30, though low trading volumes reflect investor caution.

Beyond price movements, the Pi community is grappling with misinformation, including the circulation of an unofficial GCV handbook claiming 1 Pi equals $314,159. Crypto analyst Dr. Altcoin has dismissed this as entirely fictitious, emphasizing that legitimate multi-token systems use separate tickers for clarity, as seen with InterLink's ITLG and ITL.

Despite the confusion, the Pi Core Team is quietly advancing development, focusing on a dual-token model that includes a PiUSD stablecoin and integration of real-world assets (RWA) using standards like ERC-3643. A partnership with OpenMind aims to leverage idle Pi nodes for decentralized robotics data processing, with rewards in PiUSD to stabilize transactions.

Analysts compare Pi's trajectory to XRP's dual-token ecosystem, suggesting that a structured approach with Pi for utility and PiUSD for settlement could enhance legitimacy. However, the project's future hinges on translating development plans into visible progress, as community divisions and a lack of clear communication persist.