With many comparing it to the launch of TIA, which saw gains of over 260% when it launched earlier in 2023, Pyth Network’s token, PYTH, seems to have a bright future—and a lot to live up to.
In this Pyth Network price prediction, we’ll look at what affects the future price of PYTH and make informed predictions for it. We’ll also dive into what Pyth Network is and what the PYTH token can be used for.
As the PYTH token is still in price discovery mode, we cannot use technical analysis to inform our price predictions. We can, however, look to the future to see what will happen in 2024 that could positively or negatively impact the price and use that information to make an informed Pyth Network coin forecast.
Bitcoin Halving: The next bitcoin is due to occur in early 2024, and history tells us that its effects on prices are latent, waiting until 12–18 months after the Halving event. However, Bitcoin and cryptocurrencies are the most popular they’ve ever been, and adoption is at its highest.
PYTH Listing: PYTH is a new coin and has yet to hit any of the big exchanges, e.g., Binance, Kraken, or Coinbase. Being listed on these exchanges, and the announcements of said listings, are often accompanied by a price pump.
The price impact of the Bitcoin Halving event in 2024 is going to be felt in 2025, and this will dominate price actions should it have the expected effect of inducing new ATHs for Bitcoin and the majority alt coins. Pyth can also expect to continue to gain adoption into 2025, which will also positively affect its price.
The only thing that could put a damper on this for PYTH—besides bad news for Bitcoin ETFs and their approval—is a hack on any of the services used by PYTH to transmit its data cross-chain.
That said, our Pyth Network price prediction for 2025 includes a low price of $1.04, a median price of $2.89, and a high of $4.24.
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