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Pyth Network Price Prediction 2024: What is PYTH?

Last Updated January 18, 2024 11:06 AM
Peter Henn
Last Updated January 18, 2024 11:06 AM

Key Takeaways

  • Pyth Network launched in November 2023. 
  • The price aggregator’s PYTH token has a market cap of around $540 million. 
  • What’s next for PYTH?
  • One Pyth Network price prediction says it can reach $2.89 in 2025. 

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 about $540 million, and with token airdrops set to take place over the next month or so, investors will be keeping a close eye on it. 

Pyth Network did not immediately respond to a request for comment.

On January 18, 2024, Pyth Network was worth about $0.3595.

But what is Pyth Network (PYTH)? How does Pyth Network work? Let’s see what we can find out, and also take a look at some of the Pyth Network Price Predictions that were being made as of January 18 2024.

Pyth Network Price Prediction

Let’s examine some of the Pyth Network price predictions being made on January 18, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $0.70 $0.85 $2.64
Prediction #2 $0.4964 $0.7498 $4.67
Prediction #3 $0.85 $2.89 $2.52

First, CoinCodex  had a short-term Pyth Network price prediction that said the token would fall to $0.3504 by January 23 before recovering to $0.3685 by February 17. The site’s technical analysis was neutral, with eight indicators sending bullish signals and seven making bearish ones. 

Pyth Network Price Prediction for 2024

DigitalCoinPrice  said that PYTH would reach $0.70 this year, while PricePrediction.net  had it stand at $0.4964. Techopedia  claimed it would be worth about $0.85 in 2024. 

Pyth Network Price Prediction for 2025

Moving on, DigitalCoinPrice’s Pyth Network price forecast had it trade at $0.85 in 2025. PricePrediction.net said it would get to $0.7498 then. Techopedia thought PYTH would be worth $2.89 in two years.

Pyth Network Price Prediction for 2030

Looking at a more long-term Pyth Network price prediction, DigitalCoinPrice said that the crypto would reach $4.06 in 2030. PricePrediction.net’s PYTH price prediction said it would be worth $4.67 at the start of the next decade. Techopedia thought that it would trade at $2.52 in seven years.  

Google BardAI Price Prediction for Pyth Network (as of January 18)

Google’s BardAI platform gave the following price prediction for Pyth Network on January 18. Please remember that price predictions are very often wrong and that artificial intelligence should not be trusted. 

Short-Term (3-6 months):

  • Potential Low: $0.32
  • Potential High: $0.45


  • Current market uncertainty: The overall cryptocurrency market volatility could limit significant upward movement.
  • Technical indicators: Mixed signals suggest potential for both consolidation and upward trends.
  • Recent airdrop: The airdrop to 90,000 wallets may initially increase selling pressure, but could subsequently attract new investors.

Medium-Term (1-2 years):

  • Potential Low: $0.60
  • Potential High: $1.50


  • Increased adoption: Wider adoption of Pyth’s oracle services by DeFi projects and traditional institutions could significantly drive demand for PYTH.
  • Network integrations: Partnerships and integrations with major blockchains and platforms could boost its visibility and utility.
  • Decentralized finance growth: Continued growth of the DeFi market could increase demand for reliable oracle solutions like Pyth.

Long-Term (5+ years):

  • Potential Low: $2.00
  • Potential High: $5.00


  • Market cap potential: Pyth’s market cap is currently relatively low, leaving significant room for growth if adoption expands.
  • Technological advancements: Ongoing development of Pyth’s infrastructure and features could solidify its position as a leading oracle network.
  • Regulation and standardization: Favorable regulations and standardization of on-chain data oracles could further establish Pyth’s value.

Additional points:

  • The success of Pyth Network is heavily dependent on the adoption of its oracle services and the overall growth of the blockchain and DeFi ecosystem.
  • Competition from other oracle networks may pose challenges.
  • Unforeseen events, both positive and negative, can significantly impact the cryptocurrency market and PYTH’s future price.

It added: “These predictions are based on current information and market trends, and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.”

Recent Updates from Pyth Network

On January 18, Pyth Network announced  that $22.7 billion worth of trades had taken place on the platform in December 2023. The previous day, it released  a new constitution for its Decentralized Autonomous Organization (DAO).

PYTH Price History

Now, let’s examine the, admittedly brief, Pyth Network price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Pyth Network price prediction.

Pyth Network Price History
PYTH appears to be making a recovery | Credit: CoinMarketCap

PYTH started trading on the open market in November 2023. On November 20, it traded at an all-time high of $0.6544 before dropping to a low of $0.2774. The price remained volatile but low over the next day or so, before PYTH went on an upturn to trade at $0.55 on November 24. After that, it dropped down, reaching a low of $0.3766 on November 30 before recovering to trade at $0.5189 on December 8. There was another downturn after that, and PYTH closed the year at $0.3241.  

The token continued to drop in the new year, reaching an all-time low of $0.2289 on January 8. After that, it recovered and, on January 18, 2024, it was worth about $0.3595.

At that time, there were just under 1.5 billion PYTH in circulation out of a total supply of a little under 10 billion. This gave the token a market cap of about $540 million, which made it the 104th-largest crypto by that metric. 

Pyth Network Price Analysis

Pyth Network Price Analysis
$0.38 is a crucial level for PYTH.

PYTH dropped from November 20, reaching its lowest point on January 8. What had been its support, $0.38, is now resistance. 

Since January 8 it has recovered by around 60%. The momentum slowed down upon reaching $0.36.

The price chart suggests the recovery could be ending. On the other hand, recent movement could be a price correction. If that was the case, then it could go up again soon. 

Everything hinges at what happens when it reaches $0.38. If it falls, it could go to $0.28, which would serve as a higher low before it goes back up. 

If it breaks past $0.38, it could break past $0.50.

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, we don’t know how much of a take-up it will have. 

As ever with crypto, you will need to make sure you 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 as well as up. 

Should I invest in Pyth Network?

Before you decide whether or not 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 will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Pyth Network?

Pyth Network was founded by a group of anonymous developers in 2023.

Who Owns the most Pyth Network (PYTH) Tokens?

On January 18, 2024, one wallet held more than 25% of PYTH’s supply.

Richest PYTH Wallet Addresses

As of January 18, 2024, the five wallets with the most PYTH  were:

  • Eq9dm4pHewdSVaKdpVJogjLW6upd9hNkiboX2eSncmFV. This wallet held 2,512,616,672 PYTH, or 25.13% of the total supply.
  • 23KfDBTdpaBqfn8aUeoEDgfGJ5368gpnyYGfNkKcECqM. This wallet held 1,352,900,000 PYTH, or 13.53% of the total supply.
  • 61YcP8msC5F3ZTLy99VWM2oom6y47UzNmSQQdXMmdCG1. This wallet held 600,000,000 PYTH, or 6% of the total supply.
  • 984XkyV6X29LUYSi476KC5cTFNMyegrx81EfHj6qWSeV. This wallet held 518,650,003 PYTH, or 5.19% of the total supply.
  • ADBN766ykF4HdkNa7Az8BVrpaQdvSpaMMULufBAs8U1B. This wallet held 514,166,667 PYTH, or 5.14% of the total supply.

Fact Box

Supply and distribution Figures
Total supply 9,999,989,237
Circulating supply (as of January 18, 2024) 1,499,989,237 (15% of total supply)
Holder distribution Top 10 holders owned 73.36% of supply as of January 18, 2024

From the 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 is designed to incentivize 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 represent- ing the estimated uncertainty of the price.”

Pyth Network (PYTH) Explained

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

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

How Pyth Network Works

Data providers send information to the Pyth Network, while its oracle program makes an average price of each asset. Then, the price is published which allows people to use smart contracts, computer programs that automatically execute once certain conditions are met, to access the data.

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. 

Pyth Network Attention Tracker

Pyth Network Google Search Volume
Pyth Network’s Google search volume | Credit: Google

Here is a chart for Pyth Network Google search volume for the past 90 days. This represents how many times the term “Pyth Network” has been Googled over the previous 90 days.


How many Pyth Network tokens are there?

On January 18, 2024, there were a self-reported 1.5 billion PYTH in circulation out of a total supply of 10 billion.

Will Pyth Network reach $1?

It could do. Both DigitalCoinPrice and PricePrediction.net say it will reach $1 in 2026, while Techopedia says it will do so in 2025.

What is Pyth Network used for?

PYTH pays for rewards on the Pyth Network price aggregator platform, and it can also be bought, sold, and traded on exchanges.

Further reading

TerraClassicUSD Price Prediction 2023: What is USTC?

Celestia Price Prediction 2023: What is TIA?

AIOZ Network Price Prediction 2023: What is AIOZ?


Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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