⇑ Options for Driving Pyth Coin's Future in the Blockchain Industry
Pyth Network has seen dramatic price increases, surging between 48% to 120% on various occasions. This drastic surge is primarily attributed to...
The Pyth Network saw a significant increase in its token value, soaring by up to 75%, following a high-profile partnership with the US Government. The blockchain oracle was tapped by the government to publish economic data, a factor that heavily contributed to the token's surge. Pyth Network's partnership involves other major players in the blockchain space, such as Chainlink, and comes with a contract to deliver U.S. Economic Data on Blockchain.
These developments triggered a remarkable bull run, with notable increases in 24-hour gainer listings. Pyth Network's surge was fueled by a potential reach toward a $0.5 price, a 100% daily gain and an eventual 120% rise after US GDP figures went live on-chain. Further, these positive trends are perceived to set up Pyth for future big moves and possible new peaks.
Subsequently, Grayscale announced their decision to launch a Pyth investment fund, signaling increased investor access within the Solana Ecosystem. This news comes alongside Pyth's decision to partner with digital banking giant Revolut, solidifying its positioning in DeFi data sharing. Furthermore, Pyth has published real-time prices for 100 major ETFs, contributing further to the industry's financial transparency.
As Pyth gears up for further growth, with predictions of a 10% surge, there is potential for the network to significantly impact the DeFi oracle landscape. The 70% price surge seen on the network is due to these key achievements alongside expanding margin pair availability and contributing to crypto's most wanted altcoins.
PYTH Coin News Analytics from Mon, 25 Sep 2023 19:24:48 GMT to Sat, 20 Sep 2025 06:50:20 GMT - Rating +10 - Innovation +8 - Information +9 - Rumor +6