Altcoin
Pi Network Adds 2FA for Wallet Security, How It Will Affect Pi Coin Price?
The Pi Network core team has made a major announcement adding two-factor authentication (2FA), mandatory for the Pioneers to implement for a successful migration to the mainnet blockchain. Amid this announcement, the Pi Coin price has bounced back from the crucial support of $1.0, in a relief recovery for investors.
Pi Network Introduces 2FA Security for Wallet Confirmation
To further enhance the security of its wallets, Pi Network has introduced two-factor authentication (2FA), which will allow for a smooth migration for the mainnet blockchain. The new feature requires selected Pioneers to complete 2FA via a trusted email before their Pi balance is successfully migrated to the Mainnet.
The Pi Core team stated that the 2FA security aims to secure Pioneers’ wallets and accounts by adding an extra layer of protection. For Pioneers who recently migrated their Pi but remain within the 14-day pending period, completing 2FA is now mandatory.
In the case, the Pioneers fail to complete the 2FA process, Pi Network will securely return the Pi Coins to their mining app. However, on successfully completing the 2FA process, the user balance will be re-migrated to the Mainnet without any loss. The official announcement from the Pi Core team reads:
“2FA and the Pi “return” features are meant to ensure, as much as possible, the security of Pioneers’ Pi and accounts. Due to the nature of blockchain where transactions are immutable and the Pi Wallet is noncustodial, these features provide extra caution and make sure that Pi is sent to the rightful Wallet owner”.
Will Pi Coin Price Regain $2 Very Soon?
Over the last week, the Pi Coin price has come under severe selling pressure down y 23% on the weekly chart. With its market cap slipping under $8 billion, the altcoin has now slipped from the 11th spot to now at the 16th spot. Also, the daily trading volume for Pi Coin is up by 15.87% to $600 million.
Despite this development, market analysts continue to be bullish about the altcoin. Pi Coin’s 15-minute price chart displays a symmetrical triangle pattern, thereby hinting at an imminent breakout.
Bullish Scenario: A breakout above the key resistance level at 1.2 could propel Pi Coin’s price toward the 1.25–1.30 range in the short term. Strong buyer volume could further amplify momentum, leading to higher gains.
Bearish Scenario: If Pi Coin fails to breach the resistance and drops below the support level near 1.10, the price may revisit lower levels around 1.05–1.02.
Token Unlock and Listing Delays
The price of Pi Network’s native token is experiencing heightened volatility as data from PiScan reveals that nearly 129 million Pi Coins—valued at approximately $175 million— will be released this month. Such large unlock events often lead to increased selling pressure, sparking concerns that Pi Coin could drop below the critical $1 threshold.
Furthermore, the community is still waiting for big exchange listings for PI. Binance has not confirmed any plans to list Pi Coin, leaving speculation and market unease to dominate discussions.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the XRP lawsuit nears its long-awaited conclusion, experts predict potential developments within the XRP ecosystem. Industry insiders and market enthusiasts provide diverse opinions and anticipations of the potential outcomes of the Ripple vs SEC case.
After years of intense litigation, the high-profile Ripple lawsuit is nearing its end. Let’s unveil its possible implications and Ripple’s potential moves.
XRP Lawsuit Nears End: What Awaits Next?
Ripple’s post-lawsuit strategy sparks intense speculation as the XRP lawsuit nears its much-anticipated resolution. Despite ongoing uncertainty around the Ripple vs SEC case, industry expert All Things XRP provides insight into Ripple’s potential future moves.
In a recent X post, All Things XRP forecasted potential developments within the Ripple ecosystem. The developments include Initial Public Offerings (IPO), new partnerships, CBDC & stablecoin developments, lawsuit win celebrations, and ETF prospects.
Ripple To Accelerate Growth: IPO and Banking Partnerships
According to All Things XRP’s predictions, Ripple may be on the verge of announcing a highly anticipated IPO, unlocking new investment opportunities. Ripple’s recent share buybacks have pegged the company’s valuation at a staggering $11.3 billion, sparking widespread speculation about its future plans. An IPO would not only unlock lucrative exit opportunities for early investors but also significantly strengthen Ripple’s market presence.
While Ripple currently boasts more than 300 banking partners, a potential victory in the XRP lawsuit could pave the way for expanding its network. The expert’s bold prediction read, “Legal concerns may have delayed deals with major banks, but post-lawsuit, expect big names to join RippleNet—perhaps Bank of America, American Express, or Santander.”
Will XRP Lawsuit Win Boost Ripple’s CBDC and RLUSD Projects?
Reportedly, Ripple is currently piloting Central Bank Digital Currencies (CBDCs) in several countries, with Colombia and Palau being among the notable locations for these experiments. According to All Things XRP, a favorable outcome in the XRP lawsuit could bolster these efforts, accelerating the real-world implementation of CBDCs.
Meanwhile, the expert shed light on the XRP Ledger’s (XRPL) stablecoin project’s rapid growth. Although relatively new to the stablecoin ecosystem, Ripple’s RLUSD has demonstrated remarkable growth and adoption, positioning it ahead of established competitors like Ethena’s USDe and Circle’s EURC. Recently, Ripple resumed stablecoin minting by issuing 6,500,500 RLUSD.
Ripple SEC Case Victory To Spark XRP ETF Approvals
XRP has been exhibiting increased adoption and acceptance over the past few months, especially following Donald Trump’s re-election. Multiple asset managers have submitted their XRP ETF applications, with the SEC acknowledging them.
However, the SEC’s approval and the subsequent ETF launch still remain in a state of limbo due to the ongoing ambiguity surrounding the outcome of the Ripple lawsuit. As pointed out by All Things XRP, the potential conclusion of the XRP lawsuit could bring clarity to ETFs, ultimately triggering the launch.
Another significant development on the horizon is the widespread celebrations and community engagement following the XRP lawsuit resolution. This major milestone is expected to foster adoption and innovation within the ecosystem.
Although predictions abound, the outcome and timeline of the Ripple vs SEC case remain uncertain. Experts are split on the likelihood of an early resolution, with some forecasting a potential conclusion as early as March or April, while others predict a delay until July or August.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A renowned crypto market analyst projected a highly bullish outlook for Polygon this Wednesday, triggering severe market concerns globally. Market expert Ali Martinez hinted that POL price remains primed to crash and hit a $0.04 level ahead. As a result, investor sentiments remain alarmingly negative about the token (formerly MATIC) as it currently sits at the $0.2 price level.
Top Analyst Warns Polygon Dip To $0.04 Ahead: But Why?
In an X post on March 19, Ali Martinez signaled that Polygon is undergoing a ‘macro trend shift.’ Despite the broader market showing resilience and preventing massive downturns, POL price has entered a bear market.
The analyst reveals that the crypto formed a ‘descending triangle’ pattern over the past 4 years. This formation characterized a horizontal support floor at the $0.32 price level. However, the price kept hitting lower highs as it advanced, forming a ‘descending trend line.’
Subsequently, on February 25 this year, the price bearishly broke out of this triangle, losing key support mentioned above. In turn, the “odds for an 86% bear market increase towards a target of $0.04 persist,” per the analyst.
How Is Polygon Performing Now?
As of press time, POL price recorded gains worth 1% intraday and exchanged hands at $0.2123. The coin bottomed and peaked at $0.2035 and $0.2136 over the past day. Besides, it’s noteworthy that monthly and yearly losses totaled 35% and 78%, respectively. The broader bearish action remains poised to bore more heat amid the loss of vital support at $0.32.
Declining OI Signals Waning Market Sentiment
Simultaneously, POL futures OI saw a significant decline since the beginning of this year. Coinglass data indicated that the OI slipped from a $119M level as of late January to reach a $55 million level to date.
The declining derivatives data flags a loss of investor interest in Polygon, adding to market concerns amid bearish predictions.
Market Braces For FOMC Today
On the other hand, the U.S. FOMC set to take place shortly ahead has kept investors on their toes. Currently, CME FedWatch Tool Data shows a 99% chance of unchanged interest rates by the U.S. Fed.
Nevertheless, Fed Chair Jerome Powell’s speech remains much-eyed by market participants. Following the economic turmoil caused by Donald Trump’s tariff saga, a dovish hint towards upcoming monetary policies could significantly relieve crypto prices. In turn, even POL could leverage some macro relief, although bearish investor sentiments persist.
It’s also noteworthy that per CoinMarketCap, “the upgrade from MATIC to POL has been initiated on Ethereum’s mainnet.” The crypto’s community revealed that as a Polygon PoS, zkEVM user, MATIC holder, node operator, or staker, users remain poised to witness an effortless and seamless upgrade process.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Tron’s native cryptocurrency TRX is up by 7% today after founder Justin Sun announced plans to double down on building the meme ecosystem on the blockchain. this announcement was enough to push the Tron price higher with daily trading volumes surging 62% to more than $1.23 billion. Over the last two days. TRX has seen a sharp recovery of 15%, bouncing back from the support of $0.21.
Tron Price Rally to $1 Coming?
As Justin Sun prepares for the comeback of the meme coin ecosystem on the Tron blockchain network, analysts are predicting a Tron price rally to $1 and above. Popular crypto analyst Javon Marks has projected a bullish outlook for TRON (TRX) stating that the altcoin is preparing to hit its logarithmic-measured breakout target at $1.11.
Marks highlighted that TRON price trajectory suggests significant potential for gains, with an estimated 516% upside from current levels required to reach the predicted target. Last week Justin Sun also stated that TRX will hit new all-time highs very soon.
On the other hand, social analytics platform LunarCrush stated that the social and market activity on the Tron blockchain network has surged significantly following the TRX price surge. Tron now accounts for 1.05% of all crypto-related discussions, reflecting heightened community interest. TRON’s robust metrics highlight its growing prominence as both investors and the community focus on its upward momentum.
Tron DAO Meme Coin Frenzy Heating Up
Tron’s meme token ecosystem is experiencing a resurgence, fueled by confidence from Justin Sun, founder of the Tron blockchain. Yesterday alone, 122 new tokens were launched on the SunPump.meme platform, marking the first time in four months that daily launches exceeded 100.
To date, 95,573 tokens have been created, generating 36,374,191 $TRX in fees, equivalent to $5.74 million. Furthermore, the activity on the TRON DAO continues to soar, signaling a strong and growing interest in Tron’s meme token ecosystem.
Commenting on this development, Justin Sun wrote: The first rule of making memes on Tron: I will not personally profit a single cent from memes. Any losses will be fully covered by myself, and all proceeds will be donated.
Getting TRX to Solana
In another announcement, Justin Sun revealed plans to bring TRX, Tron’s native cryptocurrency, to Solana’s blockchain in the coming weeks. Although the announcement lacked specific details or a definitive timeline, it has sparked excitement among both TRX and Solana communities.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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