The Global Consensus Value (GCV) concept has been widely refuted, but this may not be the case. This is especially true considering that one of the well-known Pi digital malls continues to list mobile phones and other gadgets with price tags that actually conform to the refuted Consensus Value.
At this early point, nobody can estimate the worth of Pi, especially as PiCoin is listed on Binance, CoinMarketCap, Crypto.com, and Coinbase without having any associated value.
Pricing in the crypto sphere
The interaction of a market’s supply of PiCoin and demand factors for Coin determines its value. The desire of investors and miners to engage in purchasing and selling is represented by demand and supply. When buyers and sellers can agree on a price, a product exchange takes place.
The Core Team could comment on the aforementioned consensus value and support it or completely reject it.
The price of an Apple iPhone at Paixingshop
The price of the iPhone 13 Pro published on the Paixingshop mall is still in line with the Global Consensus Value (GCV), which is something we found remarkable.
We discovered that an iPhone costs as little as $0.1915. How is this even conceivable? It relies on the agreement between the seller and the buyer, as we’ve already mentioned.
To find out more about the Paixingshop kindly visit https://www.paixingshop.com