The Pi Browser will launch new features; is there hope for the PI rise to recover before Pi2Day?

Gate News: The rise of Pi Coin has weakened after encountering a strong pullback at $0.65, with the price falling 4.6% in the past 24 hours, ultimately retreating to $0.55. This fluctuation occurred before the Pi2Day event on June 28, as excitement within the Pi Network community is heating up, and the Pi core team is expected to launch new features such as KYC Sync. Additionally, the Pi browser has introduced a feature aimed at further achieving Decentralization, allowing users to perform "comprehensive account management."

Pi Coin loses momentum ahead of the Pi2Day event Pi Coin is the native cryptocurrency of the Pi Network, facing selling pressure after falling to $0.65. After Pi Coin rose from $0.47 to $0.65, the bulls seem to have lost the momentum to push it past $1. As of the time of writing, the Pi Network token has dropped nearly 5% to $0.55, with daily trading volume plummeting nearly 50% to $167 million (latest data shows a trading volume of about $220 million in the past 24 hours).

This indicates that investors remain cautious ahead of significant events in the Pi Network. At the Pi2Day event on June 28, the most anticipated announcement by the community will be the KYC synchronization feature, which will allow the Pi app to integrate with the Pi browser, thereby eliminating user complaints regarding KYC misconduct.

This is a crucial development, as millions of users are waiting for the updated KYC status and can now proceed with the migration to the open mainnet.

Pi Browser Welcomes Major Update from Pi Network Core Team The native Pi browser of Pi Network has received a major update, allowing users to fully manage their account within the Pi ecosystem. This update will eliminate the hassle of switching between applications while simplifying the user experience. Pi community member Spock stated that this is a step towards further decentralization of the network.

Users can now directly perform a series of operations through the Pi browser, including updating account information, accessing ecosystem applications, managing KYC processes, and preparing for exchange integration. Thanks to this, Pi Network participants will be able to experience a seamless Web3 experience.

Earlier this week, the price of Pi coin strongly broke through the falling wedge pattern, ending a 7-week consolidation period. However, with the recent sell-off of Pi coin, $0.52 will become an important support level to watch; falling below this support level may negate the possibility of further rises.

(Source: CoinGape)