Bittime - Pyth Network (PYTH) has caught the attention of investors and traders in the crypto market. This article will present an in-depth analysis of the PYTH price prediction from 2024 to 2030, utilizing up-to-date data and relevant technical indicators.
Current Market Status Pyth Network (PYTH)
Current Price: $0.8568
24-Hour Price Change: 13.94%24-Hour
Trading Volume: $537,065,728
Market Cap: $1,284,325,668
Circulating Supply: 1,499,989,212 PYTH
What is Pyth Network (PYTH)?
Pyth Network is the latest innovation in the world of decentralized finance (DeFi), providing high-quality market data at incredible speed. With more than 90 first-party issuers, Pyth Network serves as a decentralized marketplace for accurate and reliable financial data.
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PYTH Price Today
Based on data monitoring from Bittime on Tuesday, March 12, 2024, at 13.00 WIB, PYTH is trading at a price of IDR 13,540 per token. The price of PYTH has increased by 6.90% in the last 24 hours. This increase indicates the positive recent price movement of PYTH.
Source: Bittime
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PYTH Price Prediction 2024
PYTH price predictions for 2024 are based on existing data and technical indicators. Based on CoinMarketCap's ranking, Pyth Network (PYTH) occupies the 90th position with a significant market capitalization. Price predictions for 2024 indicate a possible bullish trend.
Pyth Network (PYTH) Support and Resistance Levels 2024
Here are the expected support and resistance levels for Pyth Network (PYTH) in 2024:
| Level | Price |
| Resistance 1 | $0.7322 |
| Resistance 2 | $1.0629 |
| Support 1 | $0.5063 |
| Support 2 | $0.3452 |
PYTH Price Prediction 2024 with RVOL, MA, and RSI
Technical indicators such as RVOL, MA, and RSI provide a clearer picture of the current PYTH market:
| Indicators | Purpose | Reading | Inference |
| 50-Day Moving Average (50MA) | Determining market trends | 50 MA = $0.5959, Price = $0.6741 | Bullish/ Uptrend |
| Relative Strength Index (RSI) | Measure price changes | 55.3721 | Neutral |
| Relative Volume (RVOL) | Comparing current trading volume to average | Below the cutting limit line | Weak volume |
The technical analysis conducted shows that PYTH has the potential for a bullish trend in the future. Although the crypto market is known to be volatile, Pyth Network (PYTH) offers promising prospects for investors.
Factors Affecting the Price of PYTH
In predicting the price of PYTH, it is important to consider various factors that can affect the value of this cryptocurrency. Such factors include:
Market Sentiment
Market sentiment has an important role in determining the price of PYTH. Positive news about the adoption of Pyth Network by large companies or integration with popular DeFi platforms can boost investor confidence and push the price of PYTH up.
Development of Blockchain Technology
The development of blockchain technology that supports the Pyth Network may also affect the price of PYTH. Innovations in transaction speed or network security can make PYTH more attractive to users and investors.
Adoption by Financial Institutions
The adoption of PYTH by financial institutions and market data publishers can increase the legitimacy and usefulness of the Pyth Network, which in turn can increase the demand and price of PYTH.
PYTH Price Forecast: 2025 to 2030
Looking ahead, the PYTH price forecast from 2025 to 2030 indicates significant growth potential. Assuming that Pyth Network continues to expand and gain wider adoption, the price of PYTH may reach higher numbers than currently predicted.
Bullish price predictions for PYTH range from $0.9273 to $0.9861, with the possibility of reaching $1.134 in 2024. Meanwhile, the bearish price prediction for PYTH in 2024 is $0.20374.
Conclusion
By considering all these factors, investors and traders can make more informed decisions in investing in Pyth Network and more wisely observe PYTH price movements and predictions. However, it is important to remember that the crypto market is highly volatile and price predictions can change rapidly based on global market conditions. Therefore, always do your own research and consider consulting a financial expert before making an investment decision.
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How to Buy Pyth Network (PYTH) on Bittime
You can buy and sell Pyth Network (PYTH) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Pyth Network (PYTH) is available on Bittime with the PYTH/IDR market pair. To be able to buy PYTH IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Pyth Network (PYTH) on Bittime.
Monitor the price chart movements of Pyth Network (PYTH), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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