⇑ The Successful Rise of PYTH Coin: Influential Events and Future Outlook
In a series of significant developments, the Pyth Network has been making a strong impression in the cryptocurrency market, with its price...
The Pyth Network has been recognized for multiple high-profile developments recently. It has collaborated with Kalshi to bring real-time event data on-chain and secured a partnership with the US government that led to a remarkable price surge. Regulatory body's endorsement has sparked speculation about it's future performance, with some predictors hinting at an increment up to 17 times the current value. The partnership with Chainlink and Pyth's selection for delivering US economic data on Blockchain is another notable development.
Surprisingly, the announcement of the US GDP figures going live On-chain caused a 120% skyrocketing of the price of PYTH coin. Major Players in the industry, including the US government and Chainlink, are backing the Pyth Network to publish GDP data on several significant blockchains.
Regulated prediction data is moving On-Chain thanks to a partnership between Kalshi and Pyth. The Pyth Network's performance, even with massive token unlocking events, poses it as a strong player, but it's worth considering potential losses.
Moreover, multiple user guides on how to stake and buy Pyth tokens suggest a growing user community, and Pyth's association with Chainlink sparks continuous comparisons and discussions on potential growth. Grayscale's introduction of a Pyth Trust, the collaboration of Ozak AI and Pyth to deliver real-time market data across 100+ blockchains, and Pyth's recruitment by Washington also ignited more investor interest.
PYTH Coin News Analytics from Wed, 22 Sep 2021 07:00:00 GMT to Tue, 14 Oct 2025 07:00:00 GMT - Rating 6 - Innovation 6 - Information 7 - Rumor 7