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See the live Pyth Network price in EUR. Buy Pyth Network or add it to your Crypto Strategy.

Pyth Network

PYTH

PYTH to EUR Price

€0.3021

Pyth Network Market Cap

€1.1B

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PYTH EUR price chart / performance

PYTH EUR price chart / performance

From
Jun 16, 2024
To
Jun 23, 2024
Past performanceis not indicative of future results. EUR (€) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+1.67%
Return (7D)
-8.44%
Return (1M)
-29.77%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
€0.00
0.00%
You Have:
€0.00
Unrealised P/L
€0.00
0.00%

Pyth Network (PYTH) History and Overview

Pyth Network (PYTH) History and Overview

The Pyth Network is a decentralized oracle network providing real-time pricing data for a variety of asset classes, including cryptocurrencies, equities, and commodities. This network aggregates price data from exchanges, market makers, and trading firms to enhance the accuracy and timeliness of the information it delivers.

The network operates through a series of key components, including First-Party Publisher Oracles, which source data directly from primary providers, ensuring a high level of data integrity. Pyth supports multi-chain integration and was initially launched on Solana with extensions to other blockchains via the Wormhole bridge.

The Pyth Network uses its native PYTH crypto token as the central element in its operational and governance framework. The PYTH token is integral to maintaining the ecosystem's functionality and ensuring the reliability of the network's data feeds.

The PYTH token is more than just a medium of exchange within the Pyth Network; it serves multiple crucial roles that support the network's infrastructure and governance.

One of the primary uses of the PYTH token is for staking. Token holders, particularly data publishers, are required to stake PYTH tokens to participate actively in data provision. This staking acts as a form of security deposit, where the staked tokens can be penalized, or slashed, if the data provided is found to be inaccurate or misleading. This mechanism ensures that publishers have a vested interest in maintaining the accuracy and reliability of the data they provide.

PYTH token holders have the right to participate in the governance of the network. This includes voting on key issues such as network upgrades, changes to operational parameters, and the introduction of new features or policies. The governance model is designed to be democratic, allowing token holders to shape the development and administration of the network, ensuring that it adapts to the evolving needs of its users.

Publishers who contribute data to the Pyth Network are compensated with PYTH tokens. The reward system is structured to consider the volume, frequency, and accuracy of the data provided. By incentivizing publishers with PYTH tokens, the network aims to foster a continuous supply of high-quality data, which is essential for the functioning of decentralized applications that rely on timely and accurate pricing information.

To enforce data integrity and punish any discrepancies or manipulations, the Pyth Network employs a slashing mechanism. If publishers provide false or misleading data, a portion of their staked PYTH tokens can be slashed. This risk of financial loss compels all participating publishers to uphold high standards of data quality.

While the specifics of fee structures are not detailed in the provided sources, in many oracle networks, native tokens are used to handle transaction fees or access to specific services. It is plausible that PYTH tokens could be similarly utilized within the Pyth Network, potentially for transactions involving data access or for premium data feeds.

How To Buy Pyth Network or Add it to your Strategy

The fastest, most convenient way to purchase Pyth Network is to purchase it on ICONOMI. We check Pyth Network live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Pyth Network by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Pyth Network is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Pyth Network, we recommend you read the next section, as copying might be a better approach.

Add Pyth Network to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Pyth Network in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Pyth Network PYTH. See all Pyth Network price predictions in real time and make the best use of their crypto knowledge.

Avatar
@MomenJaradat
10 Jun, 2024

I conducted another study using a different method to reduce potential dilution risks and extract information directly from the market.


I took a larger sample of 200 assets based on market size, excluding stablecoins, from CoinMarketCap.


I calculated the ratio of Fully Diluted Market Cap / Market Cap.

Then, I calculated the average of this ratio.


I found that more than 75% of the assets had a ratio lower than the average, which was 1.92.


This means any asset with a Fully Diluted Market Cap to Market Cap ratio higher than 1.92 could be considered as having potential dilution risks.


You should review it better.

There are a lot of outliers

$APT $FIL $ARB $SUI $OP $TIA $PYTH $STRK $FET $SEI $JUP $DYDX $OCEAN $RSR


https://www.iconomi.com/user/MomenJaradat?postId=53d8c65d-4dc8-4fd2-8156-12634ce9eba2

Post image
2 people like this
Avatar
@MomenJaradat
21 May, 2024

Assets listed on @ICONOMI and classified within the Infrastructure Applications sector


[Generative AI, AI & Big Data, IoT, DePIN, Distributed Computing, Sharing Economy, Filesharing, Oracle, Storage, Identity]


$LINK

$FET

$RNDR

$FIL

$GRT

$AR

$THETA

$PYTH

$QNT

$AGIX

$JASMY

$IOTA

$OCEAN

$ANKR

$SC

$TRB

$UMA

$RLC

$BAND

$POWR

$CVC

$BLZ

$STORJ

$IRIS

$ADX


▪️ Generative AI and AI & Big Data focus on advanced artificial intelligence and data analytics capabilities.


▪️ IoT (Internet of Things) and DePIN represent interconnected devices and decentralized infrastructure networks.


▪️ Distributed Computing involves computational processes distributed across multiple locations.


▪️ Sharing Economy and Filesharing highlight the collaborative consumption models and data exchange mechanisms.


▪️ Oracles bridge real-world data with blockchain systems.


▪️ Storage and Identity pertain to data storage solutions and digital identity management.


You may disagree with me regarding the classification of some assets, such as THETA, POWR, QNT, ADX.


But you must match me with the rest of the assets because they are only one group based on set theory.


🔵The Strategist

@MomenJaradat

6 people like this
TITANIUM SKYHIGH
6 May, 2024

Ta teden smo začeli z rebalansom tokenov! ⚖️


Iconomi je na našo prošnjo uvrstil nove tokene ki jih bomo dodali z rebalansom v našem portfelju: Jupiter ($JUP), PEPE ($PEPE), PYTH ($PYTH) in Starknet ($STRK).


Medtem ko je $PEPE dobro poznan meme kovanec, drugi predstavljajo kovance znotraj decentraliziranega finančnega ekosistema.


Pričakujemo, da bo $PEPE beležil visoko rast v naslednjem obdobju, medtem ko so žetoni, kot sta $STRK in $JUP, ponujata decentralizirane finančne storitve. Na podlagi pregleda ekipe in učinkovitosti njihovih storitev pričakujemo visoke donose teh naložb. 🚀


Naš najnovejši token $PYTH, predstavlja eno največjih in najhitreje rastočih oracle mrež. Podpirajo jih tudi ugledne centralizirane borze, kot sta Binance in OKX. 🙌


Menimo, da bodo novi kovanci v portfejlu dosegli nadpovprečno rast!✅


Želimo vam lep začetek tedna!

3 people like this
Avatar
@ICONOMI
29 Apr, 2024

Forget the old saying that all good things come in threes—we’re bringing you ten! We’ve expanded our offerings with a diverse lineup of new cryptocurrencies, now available for trading strategies on our platform: 



Who’s going to be adding some meme power to their strategies? Let us know in the comments below!!

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10 people like this

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Pyth Network Price FAQ

What Is the Highest Price of Pyth Network (PYTH) in EUR?

Pyth Network (PYTH) price history shows the highest value of 0.52 EUR . We recorded this price on May 6, 2024, but we cannot exclude that a higher price was registered before April 29, 2024.

What Is the Lowest Price of Pyth Network (PYTH) in EUR?
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