Pyth Network (PYTH) backers were overjoyed in mid-March when the token burst through the $1 barrier, surprising many crypto industry pundits. Since then, Pyth Network (PYTH) continued gaining significant prominence in the Web2 and crypto sector. As one of the largest decentralized oracle networks, Pyth Network (PYTH) is the backbone of hundreds of dApps. Pyth Network (PYTH) feeds data across 40 blockchains with financial information ranging from crypto prices, ETFs, commodities, and equities.Whilst the initial euphoria was short-lived, as Pyth Network (PYTH) lost chunks of value before dropping to its current value of $0.29 per token and then climbing back up to $0.32.However, crypto experts still have a positive outlook for Pyth. With an expected bull run in Q4 2024, analysts believe that Pyth tokens will swell in price as demand for its price feeds continues rising in the DeFi sector.
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