⇑ PYTH Coin Gains Attention: A Detailed Exploration
Pyth Network (PYTH) is emerging as a new player in the cryptocurrency space, having recently attracted attention after Chainlink's (LINK)...
Key developments have taken place within the Pyth Network ecosystem, a DeFi Oracle that aims to bring real-time data to over 80 blockchains. These include Pyth Network's expansion into Hong Kong stock prices, allowing for global blockchain access to these markets. The network also experienced growth in terms of partnerships, with alliances with Revolut bridging the gap between traditional financial institutions (TradFi) and decentralized finance (DeFi), and collaborations with Coinbase to enhance real-time asset pricing. Additionally, the network joined forces with Sony for data implementation in Soneium's blockchain.
On the price front, PYTH Coin experienced a range-bound trend, with consolidations noted near $0.1260 amidst mixed momentum signals. Market predictions anticipate the coin targeting an all-time high by 2025. Despite experiencing a significant setback following a token unlock, experts believe the network can bounce back. Additionally, there were suggestions that the token might extend losses targeting $0.1 ahead of a mega $298 million token unlock.
Investment trust company Grayscale expanded its crypto fund for Pyth, enhancing investor access in the Solana Ecosystem. VanEck listed a PYTH ETN in Europe, expanding the token's reach to European investors. The launch of real-time oil data feeds is expected to enable onchain oil derivatives in DeFi applications.
A key point for future growth is staking, with a beginner’s guide published for Pyth Token staking in 2025. However, despite these advancements, the network experienced a 74% drop within six months, leading some to question its resilience.
PYTH Coin News Analytics from Wed, 22 Sep 2021 07:00:00 GMT to Tue, 29 Jul 2025 15:00:00 GMT - Rating 2 - Innovation 1 - Information 3 - Rumor -5