Pi Coin Under Pressure: Security Concerns Rise as Price Hovers Near Lows
Main Idea
Analyst Dr Altcoin proposes implementing Multi-Factor Authentication (MFA) for Pi wallets to enhance security, while also discussing Pi Coin's market challenges and potential rebound.
Key Points
1. Dr Altcoin suggests adding Multi-Factor Authentication (MFA) to Pi wallets to improve security and prevent unauthorized access.
2. Pi Coin's price is currently at $0.4409, facing bearish pressure and negative market sentiment, especially in July due to major token unlocks.
3. Dr Altcoin predicts Pi Coin's price may start rising by late August, considering $0.40 as a likely bottom and reduced unlocking pressure.
4. The Pi community anticipates a potential rebound as selling pressure eases post-July unlocks, with Pi lagging behind other coins' recent gains.
5. Speculations about Binance Connect and P2P support for Pi Coin are circulating, though details remain unclear.
Description
The post Pi Coin Under Pressure: Security Concerns Rise as Price Hovers Near Lows appeared first on Coinpedia Fintech News Pi Coin has had a rough run lately. Prices are low, and users are worried as new concerns have emerged about wallet security. Analyst Dr Altcoin pointed out in a recent X post that some Pi users are reporting compromised wallets and stolen passphrases. He notes that this is a serious issue and the Pi Core Team needs to address it. Some pioneers are raising concerns about com...
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