Pi Network refuses to leave the stage, with Pi Coin still making headlines despite new trends and narratives in the crypto market.
Leveraging new features and updates, the Pi Network team could create another upside for Pi Coin.
Pi Network Adopts New Buy PI Feature
The Pi Network team has added to its list of innovations to improve user experience for Pioneers and its broader community.
Barely a month after unrolling Pi Desktop enhancements and full account management in Pi Browser, the network has unleashed Buy Pi. The new feature lets users buy Pi Coin directly on Pi Wallet, leveraging an on-ramp.
Users can purchase using fiat currency through various payment methods, including credit cards, Apple Pay, and Google Pay.
According to Dao World, one of the Pioneers, Pi Network’s move to integrate an on-ramp ecosystem enables a seamless user experience, eliminating third parties such as crypto exchanges.
“Pi is currently focused on building an on-ramp ecosystem—one that will let anyone buy Pi anytime, anywhere, without having to go through an exchange,” Dao World explained.
In the immediate aftermath of this announcement, the price of PI Coin leaped by over 14%, establishing a local top at $0.5212 on the OKX exchange.
The surge came as this feature is expected to make Pi purchases more accessible, potentially driving higher demand. However, early profit-booking set in, causing the Pi Coin price to correct.
This correction highlights persistent selling pressure during price rallies. It aligns with a June 30 development, where Pi Network boosted accessibility with two key additions, but the price still dipped.
At the time, the controversial Pi Network expanded KYB (know-your-business) list, adding Onramper and Onramp.money. This move broadened its roster of KYB-verified entities with the addition of Onramper and Onramp.money.
The latest feature, Buy Pi, is no different. Both developments are geared toward further enhancing the network’s accessibility and adoption. FireSide, another Pioneer account, alludes to the community already calling for a Sell Pi button.
These moves, taken together, suggest Pi Network may be working to secure its place in the broader market rally, seeing as PI Coin is missing out on the colloquial altcoin season.
“Pi is now trying to reclaim its glory. Many ALTs have been pumping but it has been left behind. The rally to one dollar might have just started,” on-chain analyst Moon Jeff remarked.
As of this writing, PI Coin was trading for $0.47678, up nearly 5% in the last 24 hours.
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