- The Pi network released a 2FA feature to improve Pi wallet security for pioneers.
- The Pi coin is trading at $1.13 amidst extreme price volatility.
Pi network rolled out an additional security feature for Pi migration wallets. It recently released a two-factor authentication (2FA) feature so that pioneers can enable it to complete their migration successfully. Pioneers can enable this feature, secure their Pi wallets, and complete the pending migration of Pi coins.
If pioneers already have a trusted email address, they can use it to set up 2FA. Or, they can set up a new trusted email address to complete 2FA and confirm their Pi wallet. Pi users in the 14-day pending period can complete their migration by setting up 2FA. Otherwise, their mined Pi coins will return to their mining app.
In the middle of several pioneers complaining about their inability to complete migration, the 2FA feature was rolled out. While it may assist users in getting back their Pi network coins and complete migration to the mainnet, many users complain they lost Pi coins to random addresses.
What’s Ahead for Pi Coin Market Performance?
The Pi coin is trading at $1.13 at press time amidst extreme price fluctuations. Its market cap dropped to $7.8 billion from 12 billion, and it is currently in the top 16th position. However, the 24-hour trading volume is up by 30%. The Pi coin is down by 33% and 24% in the last month and last week respectively.
From its all-time high record of $2.99 in February, the Pi coin price has dropped significantly. With Bybit CEO Ben Zhou’s allegations and community reporting issues with migration, the token market price decreased. However, the Pi network team continues to build and improve its security features for the users.
The recent 2FA release might play a significant role in the account recovery and mainnet migration process. Once pioneers retrieve their mined Pi coins and complete migration successfully, the Pi coin could return to its price rally.
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