Pyth Network ($PYTH) Crypto Forecast: Down 7.4% Today

What is Pyth Network?

PYTH is a cryptocurrency token that aims to bridge Web3 and traditional finance. The overall market for cryptocurrencies has been volatile recently, with investors closely monitoring partnerships and developments in the industry.

Why is Pyth Network going down?

PYTH crypto is down 7.4% on Jan 8, 2025 20:52

• The bearish movement in PYTH could be due to profit-taking by traders after a recent bullish run.
• The partnership between Pyth and Revolut to bridge Web3 and traditional finance may have raised concerns among investors about regulatory scrutiny or potential challenges in implementation.
• The integration of banking data from Revolut onto the Pyth Network could have led to uncertainties about data privacy and security, impacting investor sentiment.
• Overall, the market reaction to the partnership news might have been mixed, with some investors viewing it positively for long-term growth potential while others may have taken a more cautious approach, leading to the bearish movement in PYTH.

PYTH Price Chart

PYTH Technical Analysis

PYTH News

Pyth And Revolut Partner To Bridge Web3 and Traditional Finance

Pyth And Revolut Partner To Bridge Web3 and Traditional Finance

https://beincrypto.com/pyth-revolut-partner-defi/

Fintech Leader Revolut Brings Banking Data to Pyth Network for On-Chain Developers

Fintech Leader Revolut Brings Banking Data to Pyth Network for On-Chain Developers

https://crypto-economy.com/fintech-leader-revolut-brings-banking-data-to-pyth-network-for-on-chain-developers/

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Pyth Network Price History

06.11.2024 - PYTH Crypto was down 5.1%

• The bearish movement in PYTH could be attributed to profit-taking by investors after a recent price surge.
• The unveiling of Kamino Swap's Express Relay for fast and competitive limit orders may have diverted some trading volume away from PYTH, leading to a decrease in demand for the token.
• Investors might be shifting their focus towards Kamino Swap and its new features, causing a temporary decline in interest and investment in PYTH.
• Overall, the combination of profit-taking, competition from Kamino Swap, and shifting investor sentiment could have contributed to PYTH's bearish movement today.

08.00.2025 - PYTH Crypto was down 12.1%

• The bearish movement in PYTH today could be attributed to profit-taking by investors after a period of bullish momentum.
• The integration of banking data from Fintech Leader Revolut into the Pyth Network may have initially sparked positive sentiment, but the market may have perceived it as not impactful enough to sustain the bullish trend.
• Traders might have reacted negatively to the lack of significant market-moving developments beyond the news of data integration, leading to a sell-off in PYTH.

08.00.2025 - PYTH Crypto was down 7.4%

• The bearish movement in PYTH could be due to profit-taking by traders after a recent bullish run.
• The partnership between Pyth and Revolut to bridge Web3 and traditional finance may have raised concerns among investors about regulatory scrutiny or potential challenges in implementation.
• The integration of banking data from Revolut onto the Pyth Network could have led to uncertainties about data privacy and security, impacting investor sentiment.
• Overall, the market reaction to the partnership news might have been mixed, with some investors viewing it positively for long-term growth potential while others may have taken a more cautious approach, leading to the bearish movement in PYTH.

02.00.2025 - PYTH Crypto was up 5.4%

• The bullish movement in PYTH today could be attributed to the positive sentiment surrounding upcoming crypto airdrops in 2025.
• Investors might be anticipating potential airdrops related to PYTH, leading to increased buying pressure and driving the price higher.
• The excitement around future opportunities in the crypto space, specifically airdrops, could have fueled optimism among traders, contributing to the bullish trend in PYTH.

04.11.2024 - PYTH Crypto was up 5.4%

• PYTH's price has increased by 90% with a potential breakout to $0.80, likely due to growing investor interest and favorable market conditions.
• The introduction of new Crypto ETPs by 21Shares, including PYTH, may have played a role in the positive movement, signaling a rise in institutional engagement with the cryptocurrency.
• Inclusion of PYTH in discussions about promising altcoins for potential gains in December might have attracted more individual investors to the token, contributing to its price increase.
• The upward trend in PYTH can be attributed to a mix of heightened institutional involvement, positive market sentiment, and increased attention from individual investors.

28.10.2024 - PYTH Crypto was up 8.3%

• PYTH's price surge of 90% and the potential breakout to $0.80 could be attributed to the increased interest in hidden gem altcoins.
• The launch of new Crypto ETPs by 21Shares, including PYTH, could have also contributed to the bullish movement.
• The combination of growing interest in altcoins, along with the expansion of investment offerings by 21Shares, likely fueled the bullish sentiment around PYTH, leading to its impressive price increase.

28.10.2024 - PYTH Crypto was up 9.5%

• PYTH's value spiked by 90% to reach $0.80, as a breakout in the price channel emphasized a robust bullish trend.
• The introduction of four fresh crypto ETPs by 21Shares, which now include PYTH, is believed to have amplified investor enthusiasm and confidence in the cryptocurrency, leading to its surge in value.
• The expansion of 21Shares' crypto offerings to encompass PYTH indicates a rising demand for AI tokens among traders, thereby further elevating PYTH's market performance.
• The confluence of a breakout in the price channel and the enhanced accessibility of PYTH through new ETPs has propelled its value, reflecting a favorable investor sentiment towards the token.

19.11.2024 - PYTH Crypto was down 12.5%

• PYTH observed a significant bearish trend today, potentially due to investors taking profits following a recent price increase.
• Attention on tokens such as Polkadot and Levva from various platforms may have shifted focus away from PYTH, resulting in reduced demand.
• Favorable sentiment surrounding alternative coins in the Solana ecosystem and competitors to Dogecoin may have caused capital to move away from PYTH towards these more promising assets, contributing to its bearish movement.
• Today's bearish movement in PYTH seems to be influenced by a mix of profit-taking, shifting investor interest, and market dynamics affected by developments in the cryptocurrency sphere.

15.11.2024 - PYTH Crypto was up 11.9%

• Positive sentiment in the cryptocurrency market, particularly within the Solana ecosystem, is increasing investor confidence.
• Speculation about new all-time highs for a Dogecoin competitor suggests rising interest in alternative cryptocurrencies, which is advantageous for tokens like PYTH.
• The general bullish trend in the market appears to be driven by the growing adoption and positive sentiment towards cryptocurrencies overall.

22.11.2024 - PYTH Crypto was down 5.0%

• The bearish movement in PYTH today could be attributed to profit-taking by investors following a recent price surge.
• Focusing on other crypto projects potentially overtaking established ones like Chainlink might have shifted investor interest away from PYTH temporarily.
• Additionally, the announcement of a token sale with a unique merge strategy by Levva could have diverted attention and funds from PYTH, impacting its price negatively.
• Overall, the bearish trend in PYTH today seems to be a combination of profit-taking, shifting investor sentiment, and competing project developments in the cryptocurrency space.

27.10.2024 - PYTH Crypto was up 10.9%

• Introduction of new Crypto ETPs by 21Shares for PYTH likely fueled investor interest and demand for the token.
• Inclusion of PYTH ETPs in 21Shares' expanded crypto offerings may have attracted more scrutiny to PYTH.
• Emphasis on AI tokens within the latest Crypto ETPs by 21Shares potentially underscored PYTH's advancements in the artificial intelligence sector, boosting its market price.
• Overall, the uptick in PYTH's value today could be linked to the increased visibility and availability of PYTH through the newly introduced ETPs.

17.11.2024 - PYTH Crypto was up 5.9%

• The positive sentiment prevalent in the cryptocurrency market has piqued investor interest in alternative tokens, potentially driving PYTH's upward movement.
• The recent token sale by Levva featuring a unique merge strategy may have boosted confidence in the sector, indirectly impacting tokens like PYTH.
• Anticipation of new all-time highs for a Solana ecosystem token, positioning itself as a competitor to Dogecoin, could have energized traders and led to increased buying activity in tokens such as PYTH.
• The strong bullish movement of PYTH today can be attributed to the favorable market conditions, innovative industry strategies, and optimistic forecasts for related tokens.