The Pi Network refuses to leave the stage, as the PI coin continues to make headlines despite new trends and narratives in the cryptocurrency market.
By leveraging the new features and updates, the Pi Network team can create another push for the alternative coin.
The Pi Network relies on the new PI purchase feature.
The Pi Network team has added a user experience enhancement for its pioneers and their broader community to its list of innovations.
Just one month after implementing improvements on Pi Desktop and managing accounts entirely within the Pi browser, the network launched the 'Buy Pi' feature. This new feature allows users to buy Pi Coin directly from the Pi Wallet, taking advantage of direct purchasing capabilities.
Users can purchase using fiat currency through various payment methods, including credit cards, Apple Pay, and Google Pay.
According to Dao World, a pioneer in this field, Pi Network's move to integrate an on-ramp ecosystem enables a seamless user experience, eliminating the need for third parties like cryptocurrency exchanges.
Dao World explained that 'Pi is currently focused on building an on-ramp ecosystem, allowing anyone to buy Pi anytime and anywhere, without having to go through the exchange.'
Immediately after this announcement, the price of PI jumped by more than 14%, reaching a local high of $0.5212 on OKX exchange.
This surge in demand for alternative coins came amid expectations that this feature would facilitate IP purchases, which could lead to increased demand. However, early profit-taking occurred, resulting in a correction of the alternative coin's price.
This correction highlights the continued selling pressure during price increases. It aligns with an event on June 30, when Pi Network increased its accessibility with two major additions, yet the price continued to decline.
At that time, the Pi Network expanded its list of KYB (Know Your Business) approved entities by adding Onramper and Onramp.money. This move expanded the list of KYB approved entities by adding Onramper and Onramp.money.
The latest feature, 'Buy Pi', is no different from its predecessor. Both developments aim to improve the network's accessibility and adoption. The 'Fireside' account, another leading account, indicates that the community is already requesting a 'Sell Pi' button.
These movements, taken together, indicate that the ecosystem may be securing its place in the broader market journey, as PI misses altseason.
Pi is now attempting to regain its glory. Many alternative coins have risen, but it has lagged behind. 'Perhaps the dollar's rise has begun,' commented Jeff Moon, a specialist analyst in cryptocurrency chains.
At the time of writing, the trading price of PI was $0.47678, up nearly 5% over the past 24 hours.
