Pi Network has launched a two -factor authentication (2FA) to increase wallet security and facilitate the transition to Mainnet. In the meantime, the Pi Coin price showed signs of recovery by jumping back from the important level of $ 1. On the other hand, approximately 129 million Pi Coin, which will be released this month, causes concerns.
Pi Network introduced 2FA security for wallet approval
To further increase the security of wallets, Pi Network introduced two -factor authentication (2FA). This move will provide a smooth transition to Main-Net. The new feature requires the selected Pioneer to complete 2FA via a reliable e-mail before successfully relieved Pinets.
Pi Core team said that 2FA security aims to secure the pioneer’s wallets and accounts by adding an extra layer of protection. For the pioneers who have recently carried their PIs but remain within the 14 -day waiting period, 2FA is now obligatory to complete. If the pioneers cannot complete 2FA transactions, Pi Network will return Pi Coins to mining applications safely. However, when the 2FA process is successfully completed, the user balance will be re -transported to Mainnet without any loss. The Pi Core team made the following statement on the subject:
2FA and Pi ”return” features aim to ensure the safety of Pioneers’ pi and accounts as much as possible. By nature of Blockchain, where the transactions are invariable and the pi wallet is unattended, these features provide extra attention and make sure that Pi is sent to the real wallet owner.
Will the Pi Coin price be 2 dollars soon?
As you followed from Kriptokoin.com, the Pi Coin price fell by 23 %on a weekly basis. Thus, it came under a serious sales pressure. Altcoin, whose market value fell below $ 8 billion, has now fell to 17th place in the 11th place. In addition, the daily trading volume for Pi Coin decreased by 6 %to $ 540 million.
In spite of this development, market analysts maintain their rising views on Altcoin. According to analysts, Pi Coin’s 15 -minute price graph exhibits a symmetrical triangular pattern and thus indicates a close break.
Taurus Scenario: A breaking above the lock resistance level in 1,2 can push the price of Pi Coin to the range of 1.25-1.30 in the short term. Strong receiver volume can increase the momentum further, causing higher earnings.
Bear Scenario: If Pi cannot break the coin resistance and fall below the support level of close to 1.10, the price can visit around 1.05-1.02 lower levels.
Source: TradingViewToken Lock Opening and Listing Delays cause concerns!
Piscan data shows that approximately 129 million Pi Coin, worth approximately $ 175 million, will be released this month. Therefore, the price of Pi Coin is experiencing an increasing fluctuation. Such large lock opening activities often lead to an increase in sales pressure. Therefore, the Token Lock Opening activity triggers concerns that Pi Coin may fall below the critical $ 1 threshold.
In addition, the community is still waiting for large stock market lists for PI. Binance did not confirm any plan to list Pi Coin. This led to speculation and market uneasiness.
