Pyth Network, the high-speed oracle solution, has witnessed a turbulent journey. Following a significant token unlock, the network took a hit, raising concerns but also hopes for a rebound. Pyth has made various advancements, including publishing real-time prices for 100 ETFs, launching with Grayscale, and extending its reach into the Solana ecosystem. Anticipation of the network's next big move and prices reaching an all-time high are balanced with predictions of losses ahead of substantial token unlocks. The positioning of a potential death cross raises concerns of a crash, while some analysts predict a 10% surge. There is speculation that Pyth could reach $0.35 and possibly $2.00 by 2030. A notable development was the addition of real-time oil data for over 80 blockchains. Pyth also partnered with Revolut for digital asset data. Grayscale and VanEck have both launched funds based on Pyth, enhancing investor accessibility. Pyth's intense growth challenges traditional oracle dominance, punctuated by a 46x increase in 2024. The network's partnership with Sony to provide real-time data raises its innovative profile. Already surges of up to 400% have been discussed, with potential unlocking of 58% of token supply and consequent market impact, keeping Pyth in the spotlight. However, price crashes ahead of token launches are also predicted, suggesting volatility. Towards the end of May, significant token unlocks such as Pyth, amongst others, are set for release. Crypto experts and investors await these developments with keen interest, shaping Pyth's market position and fuelling ongoing speculation.
PYTH Coin News Analytics from Tue, 22 Jun 2021 07:00:00 GMT to Wed, 25 Jun 2025 17:11:29 GMT -
Rating 0
- Innovation 6
- Information 8
- Rumor -2
