Pi Network has just launched a new two-factor authentication (2FA) feature to enhance the security of the wallet transfer process. This improvement provides an additional layer of security to protect the assets of Pioneers when transferring Pi to the Mainnet. At the same time, Pi Coin is showing signs of recovery, bouncing back from the critical support level of $1.
With the new update, some Pioneers will need to complete the 2FA verification process through a trusted email before their Pi can be successfully transferred to the Mainnet. This process helps ensure the safety of the Pi wallet and only allows verified users to access the assets.
the price of Pi Coin is under strong selling pressure, trading at around $1.14, a 31% decrease in the past week. At the same time, Pi Coin has dropped from the 11th position to the 17th position in the rankings, with a market capitalization of $7.8 billion.
However, a breakout signal is forming with a critical resistance level at $1.20. If Pi Coin breaks above this level, the price could rise to $1.40, and with sufficient momentum, it could reach the $2 milestone.
Conversely, if it fails to break through the resistance, the Pi price may adjust to the support levels in the range of $1.05-$1.02.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making any investment decisions. We are not responsible for your investment decisions.
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