↑ Surging PYTH Coin: Collaborations, Partnerships and Predictions
The Pyth Network has been recognized for multiple high-profile developments recently. It has collaborated with Kalshi to bring real-time event...
In a series of significant developments, the Pyth Network has been making a strong impression in the cryptocurrency market, with its price surging significantly. This growth is driven by several factors, including securing a significant partnership with the US Government. The use of Pyth and Chainlink for data verification and for supplying proprietary prices has set the token on an upward trajectory. The network's tie-up with Kalshi also enables the delivery of real-time event data on-chain.
Besides, Pyth soared 120% post the live demonstration of U.S. GDP figures on Blockchain. The initiations by Cronos, Pyth, and Ethena are reinforcing the ongoing altcoin season. Additionally, the strong uptick due to the Grayscale Pyth investment fund launch has played a crucial role in scaling the token's price.
Fundamentally, Pyth's role in the future of crypto payroll has been perceived positively by the market. Experts even predict a whopping 17X surge for Pyth. The network has stayed strong amid competitive pressures, leading the growth race alongside Ozak AI, and LINK. Furthermore, Pyth is on its way to lock in a 10% surge, as per industry analysts.
On the flip side, despite the upcoming token unlock leading to a short-term price decrease, the general sentiment remains positive. Instances of Pyth being considered for inclusion in Funds and the growing use of the network amplify the bullish sentiment. Moving forward, Pyth plans to launch real-time oil data feeds, thereby paving the way for on-chain oil derivatives in DeFi applications.
PYTH Coin News Analytics from Mon, 25 Sep 2023 19:24:48 GMT to Tue, 21 Oct 2025 15:22:30 GMT - Rating 9 - Innovation 8 - Information 7 - Rumor -3