The target position is to publish a simple analysis of a currency and an analysis of the short-term trend of the currency every day, for everyone's analysis and reference, learn and grow together, and spend the bull market together!
20240625 Daily Talk about Currency;
Today's currency: PYTH, I believe there is no need to elaborate on the fundamentals of the currency. Everyone knows that PYTH is currently the largest oracle network on the SOL chain, and cooperates with many public chains. It has just unlocked a batch of them. The current circulation market value is around 1.1 billion, and the corresponding ETH oracle brother link has a market value of nearly 8 billion, which shows that the growth value is greater. The three major pre-networks are LINK PYTH API3, and PYTH has a maximum fomo of 1.3 due to the previous pledge airdrop, and then due to unlocking and the market gradually cooling down, PYTH has fallen to around 0.27, and the recent market has gradually stabilized around 0.3,
I believe that the market is no longer as enthusiastic about ptyh as in the past few months. All infrastructures must not have sustained popularity like meme and hotter currencies in the market. However, both link and pyth are indispensable prophet networks for blockchain, belonging to infrastructure and large infrastructure sectors. Infrastructure is the most inconspicuous, but the most critical. Therefore, after unlocking and market selling pressure, PTYH once again stopped falling and stabilized near 0.3. With the recent continuous adjustment of the market, ptyh showed a strong bottom space, so everyone can choose the opportunity to invest in it.
BiTu community gives a short-term target price; around 0.55
Warm reminder: investment is risky, enter the market with caution, and blockchain risks are greater!
