Pi Network Resumes Mainnet Migration With Email Verification, Price Predicted To Surge 45%

Pi Network has resumed its mainnet migration process, marking a significant development for the cryptocurrency community. The migration, which had been paused due to logistical issues with phone number verification, is now proceeding with an updated email verification system. This change aims to address the challenges posed by global telecommunication regulations and carrier policies, which had made the previous verification method unreliable and costly.

The decision to shift to email verification was announced in an official blog post by the pi Network. The post highlighted the difficulties encountered with the phone number verification system, including issues related to telecommunication regulations, carrier policies, and individual service subscriptions. The new email-based two-factor authentication (2FA) is expected to provide a more secure and efficient verification process. Additionally, the Pi team plans to introduce passkey and biometric authentication in the future, further enhancing the security of the network.

The migration process was paused to allow the Pi team to implement the necessary systems and features for the email-based verification. This delay was essential to ensure a smooth transition and to address any potential challenges that might arise during the migration. The resumption of the migration process indicates that the Pi Network is confident in the new verification system and is ready to proceed with the mainnet migration.

In addition to the technical developments, there are bullish predictions for the Pi coin's price. According to analysts' forecasts, the Pi coin price is poised to surge by 45% by April. This prediction is supported by technical indicators, including a falling broadening wedge pattern observed in the price movement of the Pi token. This pattern suggests an upcoming breakout, which could turn the market sentiment from bearish to bullish and potentially catapult the Pi coin's value to $1.19.

Other technical indicators also support this bullish perspective. The volume histogram bars have turned green, indicating increased buying activity. The Relative Strength Index (RSI) for the Pi token is below 40, suggesting a near-oversold condition. The Average Directional Index (ADX) has also tipped to the south, indicating that the current bearish price trend is weakening. These indicators collectively suggest that the Pi token is ready for a rebound, and investors may be buying in the dip, anticipating a price surge.