Pyth Network Price Prediction 2025: PYTH Targets All-Time High

Key Takeaways

• Pyth Network launched in November 2023. 
• The price aggregator’s PYTH token has a market cap of over $1 billion. 
• One Pyth Network price prediction says it can reach $1.20 in 2025. 
• Interested in buying or selling PYTH NETWORK coin? Read our review of the best exchanges to buy and sell PYTH NETWORK.

The Pyth Network, a price aggregator oracle, launched in November 2023 and has already become one of the more notable new crypto platforms. The system has already generated a market cap of over $1 billion and traded at an all-time high in March 2024 before dropping as the market slumped.

However, there was some good news, as the platform revealed it had enjoyed 120% user growth in the first three months of 2024.

Meanwhile, in October 2024, the platform announced it was partnering with Uniswap .

On Nov. 5, 2024, Pyth Network was worth about $0.3315.

Let’s now examine our Pyth Network price prediction, made on Nov. 5, 2024. We will also examine the Pyth Network price history and briefly discuss what the Pyth Network is and does.

Pyth Network Price Prediction

Let’s examine some of the Pyth Network price predictions CCN made on Nov. 5, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Pyth Network Price Prediction 2024

In 2024, PYTH may stabilize around its support level of between $0.33 and $0.40, with the potential for modest growth if it breaks the $0.40 resistance. However, downside risks remain without a confirmed bullish trend, particularly if market sentiment remains weak.

Pyth Network Price Prediction 2025 

In 2025, PYTH could gain momentum if it successfully establishes a new bull phase, likely driven by a confirmed breakout above key resistance levels. This growth phase would be bolstered by improving market conditions and increased investor confidence.

Pyth Network Price Prediction 2030

By 2030, PYTH could see significant appreciation as long-term adoption and ecosystem expansion drive demand, potentially pushing it well above current highs. With a sustained bull market and increased utility, PYTH might reach new levels, reflecting mature growth and market confidence.

Pyth Network Price Analysis

PYTH peaked at $1.15 on March 16 and declined nearly 70% to $0.35 by May 20. This drop brought it to horizontal support, where it briefly bounced before continuing down in a descending channel. Despite hitting oversold conditions (RSI 25%), the price fell to a low of $0.22 on August 5. Since then, a recovery within an ascending channel led to a retest of $0.40 resistance on October 31, where it faced rejection. It is now stabilizing around $0.33.

A bounce here could lead to a breakout above $0.40, signaling a new bull phase.

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Short-term Pyth Price Prediction

The wave structure within the ascending channel suggests a five-wave pattern, potentially a leading diagonal signaling a new bull phase. However, further confirmation is required. If PYTH holds a higher low, around $0.33, it may initiate a new uptrend.

A sustained breakout above $0.40 would confirm the start of a bullish trend, but a drop to $0.25 remains possible before fully resuming upward momentum. The Pyth Network price prediction for the next 24 hours depends on where PYTH moves to.

Pyth Network Average True Range (ATR): PYTH Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On Nov. 5, 2024, Pyth Network’s ATR was 0.0105, suggesting average-to-low volatility.

Pyth Network Relative Strength Index (RSI): Is PYTH Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Nov. 5, 2024, the Pyth Network was at 41, indicating somewhat bearish conditions.

Pyth Network and the CCN Index

The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum.

On Nov. 5, 2024, PYTH scored 34.1 on the CCN Index, suggesting relatively weak price momentum.

Pyth Network Price Performance Comparisons

Pyth Network Advantages and Disadvantages

CCN Senior Research Analyst Toghrul Aliyev took a deep dive into Pyth Network. Describing it as a “very solid project”, he found the following advantages and disadvantages.

Advantages of Pyth Network

• First-Party Data: Pyth Network gets its data directly from primary market participants, such as global exchanges and trading firms. Sourcing first-party data from these entities therefore ensures enhanced accuracy and reliability.
• Low Latency and High Frequency: Pyth Network offers sub-second pricing updates with block times as low as 400 milliseconds. Rapid data delivery ensures decentralized finance (DeFi) applications operate with current data, reducing the risk of  trades based on outdated information. Additionally, the speed and frequency of updates support sophisticated trading algorithms that require real-time data to function effectively. This also benefits high-frequency trading and other time-sensitive financial applications.
• Expansive Ecosystem: Pyth Network’s ecosystem includes a wide range of projects, including derivatives, synthetics, decentralized exchanges (DEXs), infrastructure, publishers, and more. Considering Pyth’s mainnet launched in August 2021, the rapid growth to encompass such a broad spectrum of integrations and applications is impressive.

Extensive Price Feeds and Network Reach: Pyth Network offers 545 price feeds across 65 blockchain networks. In comparison, its biggest competitor, Chainlink, offers only 132 price feeds across 18 blockchain networks, and not all 132 are available on every network.

• Strong Developer Adoption: Pyth Network supports over 367 app integrations.

• Transparent Aggregation: The Pyth Network ensures transparency and verifiability in its aggregation mechanism. Each data point’s source can be traced back to the data providers’ public keys. The entire aggregation and data delivery process is publicly auditable using the Solana block explorer and Pyth Publisher Metrics.
• Solid Token Distribution and Vesting Schedule: Most tokens are allocated for publisher rewards and ecosystem growth. Therefore, there is a long unlock schedule that prevents sudden price dilution.

Disadvantages of Pyth Network

• High Dependency on Solana: Pyth Network heavily relies on the Solana blockchain for its operations. While Solana is known for its high speed and low costs, any downtime or issues with Solana can directly impact Pyth’s performance.
• Complexity of Integration: Integrating Pyth Network into existing applications can be complex and requires significant technical expertise. Such complexity could, as a result, pose a barrier to entry for developers not well-versed in blockchain technology.
• Dependence on Participant Integrity: Pyth’s data’s accuracy and reliability depend heavily on the honesty and effectiveness of its data providers. While Pyth aggregates data from multiple sources to enhance robustness, providers’ malicious or inaccurate data submissions could affect the overall data quality.

Pyth Network Price History

Following that, let’s now take a look at some of the key dates in the Pyth Network price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Pyth Network price prediction.

Pyth Network Market Cap

Market capitalization, or market cap, is the sum of the total number of BTC in circulation multiplied by its price.

On Nov. 5, 2024, Pyth Network’s market cap was $1.2 billion, making it the 58th-largest crypto by that metric.

Who Owns the Most Pyth Network (PYTH) Tokens?

On Nov. 5, 2024, one wallet held more than 10% of PYTH’s supply.

Richest PYTH Wallet Addresses

As of Nov. 5, 2024, the five wallets with the most PYTH were:

• Eq9dm4pHewdSVaKdpVJogjLW6upd9hNkiboX2eSncmFV. This wallet held 1,028,312,496 PYTH, or 10.28% of the total supply.
• 23KfDBTdpaBqfn8aUeoEDgfGJ5368gpnyYGfNkKcECqM. This wallet held 1,014,675,000 PYTH, or 10.15% of the total supply.
• 5ULtZcyfuWvKuwB555WN4W1vsVW4F3yHU9UW1Gd7kAWy. This wallet held 737,500,000, or 7.38% of the total supply.
• ADBN766ykF4HdkNa7Az8BVrpaQdvSpaMMULufBAs8U1B. This wallet held 500,000,000 PYTH, or 5% of the total supply.
• 61YcP8msC5F3ZTLy99VWM2oom6y47UzNmSQQdXMmdCG1. This wallet held 450,000,000 PYTH, or 4.5% of the total supply.

Pyth Network Supply and Distribution

From the Pyth Network Whitepaper

In its technical documentation or whitepaper , the Pyth Network says it wants to make financial data available to DeFi developers and the general public. 

It says, “The Pyth protocol incentivizes participants to continually publish price updates for various products (such as BTC/USD). Each product has a price feed that continually updates with its current price and a confidence interval representing the estimated uncertainty of the price.”

What Is Pyth Network?

The Pyth Network is a platform that provides market data to blockchains. It is different from similar systems in that it takes the data directly from traders and exchanges rather than relying on third-party information. This, at least in theory, means that it is more accurate than its rivals. 

It was founded in 2023, and it is based on the Solana (SOL) blockchain. The PYTH token, meanwhile, powers the Pyth Network.  

How Pyth Network Works

Data providers send information to the Pyth Network, while its Oracle program calculates the average price of each asset. The price is then published, which allows people to access the data using smart contracts and computer programs that automatically execute once certain conditions are met.

The platform claims to be able to calculate a consensus price in 100 milliseconds.

People can stake or set aside PYTH in return for rewards, which are also paid in PYTH. PYTH can also be bought, sold, or traded on exchanges. 

Because PYTH is based on Solana, it is a token, not a coin. You might see references to such things as a Pyth Network coin price prediction, but these are wrong.

Is Pyth Network a Good Investment?

It is perhaps a little too early to tell. While the platform has generated interest since it came out in November 2023, we don’t know how much of a take-up it will have. One thing to note is that it largely seems to have followed the market. 

As always with crypto, you should do your own research before deciding whether or not to invest in PYTH.

Will Pyth Network go up or down?

No one can really tell right now. While the Pyth Network crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down and up. 

Should I invest in Pyth Network?

Before deciding whether to invest in Pyth Network, you will have to do your own research, not only on PYTH but on other coins and tokens such as The Graph (GRT). Either way, you must also ensure you never invest more money than you can afford to lose.

Price Analysis by Nikola Lazic.

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