Token

Bold

Pyth Network

<p>Binance, the world’s leading cryptocurrency exchange by trading volume, announced the listing of Pyth Network’s native cryptocurrency, PYTH. Following this news, the price of PYTH surged over 12% within 24 hours to around <a href="https://www.binance.com/en/price/pyth-network" target="_blank">$0.49 </a>per token as of the latest price information from Binance.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/6Lat90bFz-fbukSzANTbWNAusM5PYAXyAd1HrK8D-EmRNVa6Fxt1lMStOyu_27wz61ALc3T8VuG7osG5asIQ9R9_EMXCjrDDbJbrqmUd5cMarZ3Kz51qmxw0RG-MRwuYHwrAcvaT0LHReEmRKvukGQk" alt="">
</figure> 
<p>Pyth Network operates as a decentralized financial market data oracle, meaning it supplies real-time price information to decentralized applications (dApps) running on various blockchains. Significantly, Pyth has become the largest first-party oracle network with over 95 active data providers contributing price feeds.</p> 
<p>As BitmonkCrypto <a href="https://x.com/BitmonkCrypto/status/1753389115515478225?s=20" target="_blank" rel="nofollow">highlighted</a>, these price feeds power more than 290 dApp integrations across 45+ different blockchain networks. Hence, the demand for Pyth’s market data stretches across many sectors of the decentralized finance space.</p> 
<p>Additionally, PYTH hit an all-time high value of $0.548655 last November before declining from that peak. However, the new Binance listing appears to be reigniting interest in the token. According to Binance’s data, PYTH’s 24-hour trading volume exceeded $309 million leading up to the announcement.</p> 
<p>Consequently, the Binance listing promises to expand access and boost liquidity for the PYTH token. Binance revealed it will initially apply a “Seed Tag” to PYTH listings, meaning withdrawals will be restricted temporarily for risk management purposes, as is common for newly listed assets.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>As the largest and most trusted first-party Oracle network, Pyth’s real-world data feeds are in high demand across DeFi. Hence, the Binance listing serves to increase PYTH’s visibility and validity within the cryptosphere. The rapid 12% price rise underscores investor enthusiasm for PYTH’s deepening position as a vital data provider across decentralized networks and applications.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/ai-forecasts-cardano-ada-price-target-when-bitcoin-hits-150000/" target="_blank" rel="noreferrer noopener">AI Forecasts Cardano (ADA) Price Target When Bitcoin Hits $150,000</a></li> 
 <li><a href="https://captainaltcoin.com/ripples-xrp-ready-for-takeoff-analyst-makes-bold-prediction-despite-recent-struggles/" target="_blank" rel="noreferrer noopener">Ripple’s XRP Ready for Takeoff: Analyst Makes Bold Prediction Despite Recent Struggles</a></li> 
 <li><a href="https://captainaltcoin.com/nuggetrush-ico-triumphs-surpassing-bonks-recent-market-performance/" target="_blank" rel="noreferrer noopener">NuggetRush ICO Triumphs, Surpassing BONK’s Recent Market Performance</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-is-pyth-networks-pyth-token-pumping-major-exchange-listing-sparks-price-surge-to-this-value-within-hours/">Why is Pyth Network’s PYTH Token Pumping? Major Exchange Listing Sparks Price Surge Within Hours</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Pyth Network’s PYTH Token Pumping? Major Exchange Listing Sparks Price Surge Within Hours

Table of Contents

CaptainAltcoin

Other articles published on Feb 2, 2024

Chainlink Targets $20 Resistance with Strong On-Chain Analytics

Stride Launched Liquid Staking Token for $TIA, and to Airdrop 5M $STRIDE to Adopters

Binance Coin (BNB) Price Analysis for February 2

Generative AI Sparks Tech Revolution with Voice Interaction at the Helm

AVAX Price Breakout Reverses Trend, Eyes $40 In This Cycle

Avalanche (AVAX): Revolutionizing The Crypto Landscape

Join our free newsletter for daily crypto updates!