Pi network news

 Pi Network has recently experienced several significant developments:

Mainnet Migration Resumes with Enhanced Account Verification

After a period of suspension, Pi Network has restarted its mainnet migration process. The team is transitioning to an email-based two-factor authentication (2FA) system to improve account security and reliability. Users are encouraged to establish a trusted email for this purpose. 

Price Volatility and Market Performance

The value of Pi Coin has seen notable fluctuations:

Recent Decline: The price has decreased by approximately 22.5% over the past two weeks, currently trading below $0.80. 

Potential Recovery: Analysts suggest that securing listings on major exchanges or introducing a stablecoin could trigger a 40% rally in April, potentially pushing the price toward the $1.19–$1.50 range. 

Exchange Listing Challenges

Despite community efforts, Pi Coin has faced hurdles in achieving listings on prominent exchanges:

Binance Exclusion: Binance has excluded Pi Network from its latest listing campaign, citing concerns over operational transparency and liquidity. 

Scam Allegations: Bybit's CEO, Ben Zhou, labeled the project a scam, referencing 2023 Chinese police reports. Pi Network has refuted these claims, emphasizing that its referral program lacks multi-level marketing characteristics. 

Integration with Telegram's Crypto Wallet

Pi Network has integrated with Telegram's crypto wallet, potentially expanding its reach to Telegram's extensive user base. This integration allows users to buy and manage Pi Coin directly within the app, enhancing accessibility. 

Community and Ecosystem Developments

PiChain Global has released an update to its PCM Wallet, introducing features like a new Flutter-based user interface, muxed accounts for unique deposit addresses, and a trading account feature with initial transfer limits. These enhancements aim to improve user experience within the Pi Network ecosystem. 

As Pi Network navigates these developments, its community remains attentive to ongoing updates and market dynamics.