Pyth Network is potentially gearing up for a hefty bearish move, with eyes set on a $0.1 target before its significant $298 million token unlock. A whopping 58% of
PYTH token supply is slated to unlock soon. Despite these uncertainties,
Grayscale has introduced a
Pyth investment fund, thereby extending investor access within the Solana Ecosystem. A critical partnership between
Pyth and
Revolut is also underway focused on DeFi Data sharing.
The network is further powering up by bringing real-time oil data to over 80 blockchains. An integral part of the network's current strength is its advantageous position to challenge Chainlink's dominance - especially after registering a 46x growth in 2024. It has even flipped Chainlink in terms of 30-day volume according to the Chronicle CEO's inputs.
Meanwhile,
Pyth, along with a couple of other altcoins, has reportedly made significant gains shortly after being listed on top US Crypto Exchange Coinbase. Pyth is also set to launch Real-Time Oil Data Feeds which will enable onchain oil derivatives in DeFi applications. Interestingly,
Python is being populated as a tool for crypto backtesting and data fetching. However, it faces a security challenge with prevalent malicious packages posing a threat to its popular Bitcoin library.
Both
Optimism (OP) and
Pyth Network are suggested to be nearing key resistance levels, implying potential breakouts on the horizon. In terms of speculation, some suggest
Pyth Network could increase by 400% over the years.
PYTH Coin News Analytics from Wed, 21 Mar 2018 07:00:00 GMT to Wed, 21 May 2025 05:23:06 GMT -
Rating -8
- Innovation 6
- Information 7
- Rumor -3
