Pyth Network has seen dramatic price increases, surging between 48% to 120% on various occasions. This drastic surge is primarily attributed to the
US Government's partnership with Pyth and Chainlink, tapping these blockchain oracle networks to publish key
economic data on-chain. For instance, they have chosen to publish GDP data on popular blockchains like Bitcoin, Ethereum, TRON, Avalanche. This public-private partnership has characterized
Pyth as a promising investment to many, even being dubbed the potential 'Bitcoin of 2025.' Grayscale, a crypto investment fund, has also included Pyth in their portfolio further enhancing its credibility. Pyth Network's utility has expanded to applications like
Crypto Payroll and real-time oil data feeds on blockchain. Plans for providing real-time prices for major ETFs and Hong Kong stock prices for global access are also in the pipeline. Some notable challenges for Pyth Network include the looming mega $298 million token unlock, which could potentially influence the coin's price. Moving forward, investors and developers can look towards opportunities in
staking Pyth tokens and bridging the traditional finance with DeFi through partnerships such as with Revolut.
PYTH Coin News Analytics from Mon, 25 Sep 2023 19:24:48 GMT to Tue, 30 Sep 2025 07:00:00 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 5
