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In a surge of positive news, Pyth Network, Chainlink, and Render have emerged as the top three gainers on Jan. 31. Pyth Network, a real-time market data provider for crypto and financial derivatives, experienced an 8% surge to $0.
On January 30, in a decentralized storage and finance ecosystem development, the Pyth Network formally introduced its price feeds on the Filecoin Virtual Machine (FVM). This integration represents an achievement for Filecoin (FIL), a decentralized storage network that preserves critical human data, per the information shared with Finbold.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $43,000 level on Monday. Ethereum (CRYPTO: ETH) also edged lower, trading below the key $2,300 mark this morning.
In a surprising turn of events, the Pyth Network (PYTH) token has experienced a remarkable surge of over 15% in the last 24 hours, reaching the current price of $0.4231. This surge is accompanied by a substantial increase in trading volume, up by 49.82% and now standing at $133,054,051.
This bullish sentiment has paved the way for tokens such as Pyth Network (PYTH) and Celestia (TIA) to capture significant attention, while the Memeinator (MMTR) presale emerges as a promising opportunity for a diversified portfolio.
Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.
The Solana-based Pyth token is up 35% over the last seven days.
After these last few days of red candles altcoins could be ready to start coming back to life. The Solana ecosystem has some prime candidates to take the lead.
Solana (SOL) is the layer 1 chain with the most exciting technology right now, and Pyth Network (PYTH) could be the oracle to rule them all.
PYTH announced an airdrop of around 250 million tokens. The Solana network saw a surge in the number of new token addresses.
Pyth Network's exceptional refresh rate speed sets it apart and significantly adds to its appeal, surpassing that of its competitor - Chainlink.
