Pi Network Expands Ecosystem With 2 Additions—Will Price Catch Up? - Crypto News Flash

• Onramp.money and Onramper added to Pi’s verified list, boosting fiat-to-PI Coin access routes.
• Pi Coin price dropped to $0.50 despite upgrades, but the chart hints at a short-term rebound.

Pi Network has expanded its list of KYB-verified businesses to eight with the addition of Onramper and Onramp.money. These two new entrants are expected to help streamline fiat access to PI Coin, opening up new avenues for real-world transactions.

Onramp.money, one of the latest verified entities, already enables users across more than 60 countries to buy and sell over 400 digital assets. Supported regions include the United States, India, Turkey, and Brazil, offering payment options like UPI and IMPS in India and VietQR in Vietnam.

The integration of Pi Coin into Onramp.money’s service now allows purchases in more than 25 currencies, although it does not currently support the US dollar. Despite that, the Pi community responded strongly, calling the update a big step forward for broader usability.

A major leap forward in making Pi more accessible and usable than ever before. This integration means faster, easier, and more secure ways to onboard users into the Pi ecosystem, a user posted.

Source: X### Verified Businesses Expand — Platform Rollouts Ramp Up

The expansion of verified businesses coincides with the ongoing launch of new platforms. We reported in our previous article that on Pi2Day, the Pi network released Pi App Studio, which lets people create applications using Pi without writing code. This platform combines artificial intelligence and blockchain to make app development more accessible and efficient. The Core Team launched it to promote the everyday use of Pi technology.

Pi Network also introduced Ecosystem Directory Staking, giving users and businesses a way to raise the visibility of their applications by staking Pi coins. The aim is to drive engagement across the network by rewarding useful decentralized apps. However, public reaction has been negative despite the effort to boost activity.

Other recent changes include improvements to Pi Nodes and an extension of the .pi Domains Auction. A third-party onramp aggregator was added to make asset flow smoother. Meanwhile, delays in the Mainnet migration process remain a known issue, even as the team continues working to remove roadblocks.

Pi Price Struggles Continue Despite Ecosystem Growth

In spite of the rapid growth in services, the PI price remained under pressure At the time of writing, the coin was exchanged for $0.50, which is down 5.41% in the past 24 hours. On the upside, the daily trading volume surged 14.3% to $90.75 million.

Last week, PI briefly surged 15.8% in one day, but it failed to sustain those gains. Technical analysis shows a potential bullish breakout may be forming, with a double-bottom structure visible on the 12-hour chart. The neckline stands at $1.6695, which was also the highest point in May.

A falling wedge pattern is also apparent, and the coin has already pushed past the upper boundary. If it holds above this level, a move toward the $1 mark could be possible in the short term.

Source: TradingView