PYTH (Pyth Network) rose 95.38% in 24 hours

Gate News Bot news, on August 29, according to CoinMarketCap data, as of the time of writing, PYTH (Pyth Network) is currently priced at $0.22, having risen 95.38% in the last 24 hours, with a peak of $0.24 and a low of $0.11. The 24-hour volume reached $150 million. The current market capitalization is approximately $1.289 billion, an increase of $629 million compared to yesterday.

Recent important news about PYTH:

1️⃣ Price has significantly pumped, 24-hour rise is notable The PYTH price has seen a strong rise in a short period, breaking through 0.19 USDT, with a 24-hour rise of over 60%. This momentum has pushed the PYTH market capitalization to over 1.2 billion USD, demonstrating investors' high attention and confidence in the project.

2️⃣ Decentralized Oracle Positioning Highlights Pyth Network, as a decentralized first-party financial oracle, has the core advantage of being able to provide real-time market data on-chain in a secure and transparent manner, without relying on third-party intermediaries. This feature helps to improve the reliability and efficiency of the data, which may be an important factor in boosting investor confidence.

3️⃣ Market liquidity has significantly increased PYTH 24-hour volume reached $150 million, showing a significant rise compared to before. The increase in trading activity not only reflects the strong interest in PYTH from the market but also provides the necessary liquidity support for the price pump.

From a technical perspective, the PYTH price has broken through several key resistance levels, showing strong pump momentum. However, such a rapid rise may also bring short-term correction risks, and investors need to closely monitor market changes.

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