Pyth Network (PYTH) is emerging as a new player in the cryptocurrency space, having recently attracted attention after
Chainlink's (LINK) success. PYTH has brought Hong Kong stock prices onchain, promising global access, and begun publishing real-time prices for 100 leading ETFs, which is tapping into a $3.7T market. Furthermore, the network is due to unlock 58% of its token supply, with
58% of overall PYTH tokens expected to be released in near future.
The Network has also been offering live, on-chain data for
85 Hong Kong stocks, creating a bridge between traditional finance and decentralized finance (
DeFi). Consequently, the platform's coin, PYTH, has been generating mixed market momentum with its price recently consolidating at $0.1260.Getting traction in DeFi, PYTH Network partners with Keyring Network and other leading DeFi protocols, collectively launching the first zkVerified markets.
Binance has removed monitoring tags for several altcoins, including PYTH, a positive sign for these coins. Crypto analysts have predicted potentially bullish signals for PYTH, projecting potential gains.
This news tempers with more unstable reports. PYTH experienced significant price changes, both rising by 78.67% within 24 hours due to protocol upgrades and governance changes, but also dropping by 160.14% in the same measure of time amid an over-the-counter liquidity shift.
Following its listing on Binance, PYTH has posted double-digit gains. Pyth Network has also made headlines by announcing its partnership with LasMeta to introduce NovaDrop NFTs and with Zebec Network and Nervos Network among others set to explode in the world of cryptos. The supply and demand dynamics of PYTH are complex and multifaceted, rendering it a challenging yet potentially lucrative investment domain.
PYTH Coin News Analytics from Fri, 29 Jan 2021 11:20:37 GMT to Sun, 17 Aug 2025 08:28:48 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -3
