Caution on Pi Network: Ensuring the Safety of Your Wallets and Two-Factor Authentication Protections

In the world of digital assets, Pi, a decentralised cryptocurrency, is currently experiencing a period of consolidation at low levels. As of September 6, Pi was trading at $0.3421, marking a slight 0.7% drop in 24 hours. This information, reported by CoinMarketCap, reflects a cautious approach among investors, who are reluctant to drive a recovery without clear catalysts.

The Pi Network has urged its users to stay vigilant regarding the security of their wallets. Known risks in the Pi ecosystem include fake websites, fraudulent apps, and phishing emails. The official Pi team recommends the Pi Safety Center as the most reliable source of verified information. However, there are no direct search results specifying the institution or persons behind the Pi Safety Center, and further information is needed to identify the responsible organization or individuals.

Pi wallets are non-custodial, placing full responsibility on holders to safeguard their private keys and recovery phrases. A single mistake, such as entering the recovery phrase on a fraudulent page, can result in irreversible loss. The asset's price remains far from its recent highs near $3.00, indicating a significant fall this year.

The broader macroeconomic factors and global regulatory uncertainty continue to weigh on sentiment in digital assets. The MACD (Moving Average Convergence Divergence) displayed a flat pattern, suggesting limited impulse in either direction. The Relative Strength Index (RSI) showed the asset moving in oversold or near-oversold levels, signalling potential for a rebound.

Daily trading volume stayed between $24 and $30 million, indicating stable participation but no strong impetus from buyers or sellers. Activity levels suggest that traders are waiting for news before committing more.

Blockchain networks, including Pi, do not allow transactions to be reversed once credentials are compromised or funds transferred. Pi Network is emphasizing the real risks of decentralised finance and the need for constant vigilance. As the digital asset market continues to evolve, it is crucial for investors to stay informed and protect their assets.

Caution on Pi Network: Ensuring the Safety of Your Wallets and Two-Factor Authentication Protections