Pi Coin is under pressure, with both price and sentiment sliding. Adding to the tension are new wallet security concerns, as reports of compromised accounts and stolen passphrases surface.
Analyst Dr Altcoin has urged the Pi Core Team to introduce multi-factor authentication, warning that relying solely on passphrases puts users at risk. He proposes biometric verification as an added layer of protection.
Despite the setbacks, some analysts see potential for a turnaround. Dr Altcoin believes the recent dip to around $0.40 may have marked a bottom, with price recovery likely as token unlocks slow. CoinCodex projects a possible rise to $0.55 if momentum returns, though consolidation remains a risk. As selling pressure eases, the market may shift from stagnation to accumulation.
Community interest remains strong, fueled by growing optimism over a possible Binance listing. New support options referencing Binance have appeared in Pi Network’s Help Center, sparking speculation of a major exchange debut. If confirmed, this could boost visibility and liquidity for the token.
At the same time, Pi’s accessibility is improving. Recent listings on Swapfone and other platforms, combined with a new fiat on-ramp, now allow users to purchase Pi with credit cards and mobile payments—lowering the barrier for new investors and potentially expanding adoption as the project matures.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/why-pi-coin-might-be-poised-for-a-comeback-despite-security-warnings/