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In an important update, Binance, a top cryptocurrency exchange globally, revealed plans to add PYTH, the native token of the Pyth Network, to its platform. Trading for PYTH on Binance is set to start on February 2 at 12:00 UTC.
Among the top cryptocurrencies to watch this week are XRP (XRP), the native token of the Ripple network, plus Pyth Network (PYTH) and Sui (SUI).
Chainlink (LINK) has been dominating the oracle domain, however, Pyth Network (PYTH) has emerged as a tough competitor lately. After listing on Binance, the PYTH price reached new heights, giving competition to LINK.
Pyth token (PYTH), ImmutableX (IMX), and Chainlink (LINK) saw remarkable gains within the previous seven days, printing double-digit surges. The trio experienced increased social media dominance. Sidelined investors might join the craze, translating to potential FOMO-fueled volatility in the upcoming sessions.
Binance announced its plans to list Pyth Network, but PYTH's daily chart turned red soon after.
Bitcoin ended the week up slightly after a strong U.S. jobs report dashed remaining hopes the Fed will drop interest rates in March.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $43,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,300 mark this morning.
Binance, one of the world's leading cryptocurrency exchanges, has announced the listing of Solana-based Oracle platform – Pyth Network (PYTH).
In a remarkable turn of events, the Pyth Network (PYTH), a decentralized oracle network built on the Solana (SOL) blockchain, has witnessed an impressive surge in its market value. The PYTH token climbed over 20% after the announcement of its listing on Binance, one of the world's leading cryptocurrency exchanges.
In a recent announcement, Binance, the world's largest cryptocurrency exchange, revealed its decision to include Pyth Network's PYTH token in its lineup of supported altcoins. This news sent ripples through the crypto community, especially as the price of PYTH surged by an impressive 25%, reaching $0.
The token of the Pyth Network project (PYTH) was among the growth leaders, gaining 20% in price. According to data from CoinMarketCap, PYTH has risen 20.4% in the past 24 hours, reaching $0.49 when writing.
With a market-wide recovery, the PYTH price trend remains strong over the past few weeks. Overcoming the recent noise in the market, the PYTH network has sustained an uptrend for the past 23 days, accounting for a 97% hike.
In a significant gust of developments, Binance, one of the world's leading cryptocurrency exchanges, recently announced plans to list PYTH, the native token of the Pyth Network. As per the crypto exchange's statement, the leading global entity intends to list the PYTH token and commence trading for the same on February 2 at 12:00 UTC.
The major crypto prices today were in the green as Bitcoin (BTC) surged past $43,000 again while major altcoins registered a notable upswing as well. In addition, Ethereum (ETH), the second-largest crypto by market cap, also hit the $2,300 level today, however, struggled to sustain it.
Pyth Network's token surged to a record high as the Total Value Secured (TVS) in the ecosystem continued rising. The token jumped to a high of $0.5175, its highest point since December 8th. It has soared by more than 133% from its lowest point in December.
The Federal Reserve's attempt to put the dampers on markets by stating that the first rate cuts might not take place in March may not have worked. Stock markets have reacted by opening in the green, and now select altcoins are following.
TL;DR Pyth Network has launched its price feeds on the Filecoin Virtual Machine (FVM), marking a significant milestone for Filecoin. The Pyth Network, known for delivering low-latency, high-accuracy financial data, is partnering with Filecoin. This collaboration not only enhances Filecoin's storage solutions but also signifies the potential of decentralized technologies.
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.
