PYTH (Pyth Network) rose 8.16% in the last 24 hours.

Gate News Bot news, on September 10, according to CoinMarketCap, as of the time of writing, PYTH (Pyth Network) is currently priced at $0.17, with a rise of 8.16% in the last 24 hours, a peak of $0.18, and a low of $0.15. The 24-hour volume reached $174 million. The current market capitalization is approximately $988 million, with an increase of $7.45 million compared to yesterday.

Pyth Network is a decentralized market data publishing network that sources pure market data directly from the world's top institutions and traders. The network aims to provide a pricing data layer for global finance, with the goal of offering "prices for everything, everywhere." Pyth Network is supported by over 120 financial institutions, including some of the largest exchanges, market makers, and trading firms in the world, which publish data directly to the network.

Important news about PYTH recently:

1️⃣ The U.S. Department of Commerce adopts on-chain data from the Pyth Network The U.S. Department of Commerce has announced that it will utilize the on-chain data services of the Pyth Network, marking the first time a government agency has directly adopted blockchain technology to obtain economic data. This collaboration will enhance data transparency and accessibility, providing reliable economic indicators for smart contract applications, and is expected to drive broader adoption of blockchain technology.

2️⃣ PYTH price breaks through the 0.18 USD resistance level The PYTH token has shown strong price performance recently, breaking through the key resistance level of $0.18. This breakthrough reflects the market's positive expectations for the future development of the Pyth Network, while also laying a technical foundation for potential further rise in the short term.

3️⃣ Pyth Network ecosystem continues to expand Pyth Network continues to attract new data providers and application developers to join its ecosystem. As the network scales up and the quality of data improves, the utility and demand for the PYTH token are also steadily increasing, providing long-term support for its value rise.

From a technical perspective, the PYTH token has recently broken through several important resistance levels, indicating strong upward momentum. However, investors still need to pay attention to the potential risk of a pullback. From a fundamental analysis standpoint, the collaboration between Pyth Network and U.S. government agencies has earned it significant market recognition, which is likely to attract more institutional and developer interest.

This message is not investment advice; investors should be aware of market volatility risks.