$PYTH is most demanding Coin. new coin & it has potential To make New Al Time High For next #bullrun2024📈📈

Lets know About $PYTH Network :

The Pyth Network is a decentralized oracle network designed to provide real-time financial market data directly on-chain. It aims to bridge the gap between traditional financial markets and decentralized finance (DeFi) by delivering accurate and timely data.

Key Features

Real-Time Data: Pyth Network offers over 380 price feeds for various assets, including cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities. The data updates every 400 milliseconds, ensuring high-frequency and low-latency updates

Trusted Data Providers: The network sources its data from over 90 first-party providers, including major exchanges and financial institutions like Binance, OKX, Jane Street, and Cboe Global Markets

Security and Accuracy: Pyth aggregates data on-chain to guard against inaccuracies and manipulation. Each price feed includes a confidence interval to inform users about market volatility and uncertainty.

Tokenomics :

Market Cap: Approximately $1.39 billion.

Circulating Supply: 3.62 billion PYTH tokens.

Total Supply: 10 billion PYTH tokens.

Max Supply: 10 billion PYTH tokens.

Use Cases

Pyth Network’s data feeds are used by over 250 applications, securing over $100 billion in trading volume. The network’s real-time data is crucial for various DeFi applications, including lending platforms, decentralized exchanges, and derivatives markets.

Recent Developments

Pyth Network has seen significant growth, with its token recently being listed on Binance, which led to a surge in its price.

Technical Analysis :

Pyth successfully Shift Market Structure On Daily TF.

Now need correction Dip Below .2900 area then Hopefully It will move to to .50 to .70.

On The Other Hand if it will go more down then choch Area .23 .

Overall Market is Bullish on My analysis.

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