$PYTH

No Immediate Redemption in Sight!!! 📉📉📉

Analyzing the 15-minutes timeframe of the PYTH/USDT chart I can tell you that the token is still in it's downtrend!

As a newly launched token, I don't usually base my analysis only on candlesticks and indicators, that is why I want us to also look at the PYTH project and assess its backing!

Here's what you need to know:

PYTH is the native token of Pyth Network, a cross-chain oracle network that delivers real-time market data to financial dApps. Here are some facts about PYTH:

- PYTH has a max supply of 10 billion tokens.

- PYTH has a circulating supply of 1.5 billion tokens, which is 15% of the max supply.

- PYTH has a market cap of $698.11 million USD, which ranks it #90 among all cryptocurrencies.

- PYTH has a current price of $0.4675 USD, which is down 3.95% in the last 24 hours.

- PYTH is traded on several exchanges, such as Binance, OKX, Bybit, Bitget, and CoinTR Pro.

- PYTH is used to incentivize data providers, validators, and consumers on the Pyth Network.

What Do You See?

BASIC! Everything about the project is just basic and the early investors are currently taking profits following the sell-the-news strategy as a result of the listing!

Of course, I follow up my posts, so, if anything changes, I'll be here to give updates!

You're welcome! Let's meet at the Top!