Pi Coin has revealed new features for the Pi web browser and app. These new features aim to improve the Know Your Customer (KYC) process of the network. They come ahead of the upcoming Pi Day 2, scheduled for June 28. These developments put PI Coin in a positive light. Traders and analysts are now expecting the price to spike in the future.

New KYC Feature of Pi Network

Cryptocurrency community member Mahidhar shared insights about the new KYC feature of Pi Network in a post on X.

The new features effectively address the long-standing data synchronization issues faced by Pioneers. Notably, this new synchronization move allows users to enjoy a more robust and user-friendly experience.

Specifically, the new features allow Pioneers to synchronize their KYC status between PiApp and PiBrowser.

Many users have expressed frustration over delays in the approval of their KYC. Some have had applications stuck in 'under review' or 'provisionally approved' status for over two years without resolution.

Some reports suggest that the new KYC feature will address these issues and the endless moving state loop.

The approval status indicates that the review process is still ongoing and requires further verification to obtain final approval.

More Interruptions for User Migration

Notably, the KYC update launches at a critical moment, as the platform addresses recent migration issues ahead of Pi2Day.

Recently, Pi Network has received complaints regarding stuck KYC verifications, disappearing wallet balances, and broken two-factor authentication (2FA).

Many users report that they did not receive confirmation emails or encountered error messages when trying to verify their accounts.

Another group reports that their wallet balance shows zero. Users also express dissatisfaction with bugs and delays, disrupting the migration process.

Users experiencing delays due to system issues feel unfairly penalized, especially those who have been mining continuously for years.

A major complaint is the risk of losing mined Pi. Furthermore, Pi Network faces allegations of fraud and a lack of transparency in its operations.

Despite the challenges and accusations of migration, many community members are increasingly excited about the upcoming Pi Day 2.

This event will take place on June 28, celebrating the Pi Network cryptocurrency community. They expect the Pi Network team to launch new updates and exciting projects.

PI Coin Price Set to Reach New Highs

As of the time of writing, the price of PI Coin is trading at $0.53, down 0.43% over the past day. The daily trading volume surged 3.2% to $84.9 million.

This increase indicates that traders are actively buying PI as they anticipate a significant breakout.

The Pi Day 2 event and the new KYC feature have heightened investor interest in Pi. Cryptocurrency analyst Moon Jeff predicts that PI could reach $2 if it surpasses the resistance level of $1.20.

However, the market analyst notes that user utility is crucial for PI Coin to regain momentum.

If more decentralized applications or valuable DeFi projects adopt PI, it could regain its previous levels and even reach new highs.

Currently, the future looks bright for PI Coin token holders, as this Network always prioritizes user experience.