Pyth (PYTH) Price Prediction 2024-2040
Nov 16, 2024
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Please note that this article serves exclusively for educational purposes and doesn't present investment advice.
The market data is immense and various market participants need this data up-to-date all the time. Low-latency and high volume of available data is what makes oracles efficient.
One of the competitive oracle platforms is Pyth. It collects information from dozens of blockchains and numerous big exchanges and platforms like Binance, Bybit, and others.
Like all the other blockchain-based platforms, Pyth has a native token. It has the same name, Pyth. In just one year, Pyth became one of the top 100 cryptocurrencies by market cap.
This article reviews the Pyth network and provides Pyth (PYTH) price prediction for 2025, 2030, 2040, and other years.
Contents
What Is Pyth (PYTH)?
Pyth (PYTH) is the native token of the Pyth Network. The latter is described as the largest oracle platform. It collects and delivers the market data to DeFi platforms and dApps in a blink of an eye. The data collected and delivered by Pyth includes the information concerning cryptocurrencies, ETFs, FX pairs, equities, and commodities.
The data in the Pyth smart contracts is collected from leading crypto exchanges, brokers, and other financial platforms. Pyth allows other platforms to use the aggregate info on their website, apps, etc. The safety, integrity, and accuracy are facilitated via blockchain-based solutions. Data contributors include Goldman Sachs, Amazon Web Services, Flow Traders, OKX, Bybit, and many others.
The network was launched in 2021 and quickly became one of the biggest oracles in the DeFi sector. It took less than a year for Pyth to gain the total value of one billion in USD. The number of the platforms using the data aggregated by Pyth is over 250.
Initially, the Pyth network was operating on the Solana blockchain, however, in 2023, the network was transitioned to the Pythnet blockchain.
Pyth (PYTH) Price Prediction for 2024, 2025, 2027, 2030, 2035, 2040
As of November 13, 2024, the PYTH price is $0.4. The token is available on such big exchanges as Binance, Kraken, KuCoin, Bybit, Gate.io, MEXC, HTX, Bithumb, and a number of smaller ones. By market cap PYTH ranks 72nd at $1.4 billion.
In the table below you can see the Pyth price prediction for 2024, 2025, 2027, 2030, 2035, and 2040. Under the table you can see the commentaries on each prediction. The forecast is made based on a combination of the tech and fundamental analysis.
| Year | Price Prediction | ROI of your investment (if you buy the coin now) |
| 2024 | $0.38 | -5% |
| 2025 | $0.51 | 27.5% |
| 2027 | $0.7 | 75% |
| 2030 | $2.38 | 495% |
| 2035 | $18.9 | 4,625% |
| 2040 | $140 | 34,900% |
2024
The year saw a great movement for the PYTH price in March during the BTC rally triggered by the Bitcoin ETFs approval by the SEC. However, in the so-called Trump Trade period Pyth enjoyed only a moderate spike. As the rally calms down, the correction will follow, cutting a portion of the November growth. By the end of the year, the Pyth price will return to 38 cents at best.
2025
As one of the leading services on the oracle market, Pyth will continue to gain value in 2025. As cryptocurrency will be getting more and more attention and the data will be needed for more platforms, the Pyth services will get more sought after, gradually pumping the Pyth token price. By the end of 2025 PYTH will surpass the 50 cents mark.
2027
The growth may slow down in 2026 and 2027. The main drivers for the PYTH price in these years will be new listings, new collaborations, and occasional Bitcoin spikes leading to small short-term rallies. By the end of 2027, PYTH will reach around 70 cents.
2030
2028 will be the year of another Bitcoin halving, an event that ignites the crypto market every four years. Usually, the big bull run starts within 12 to 18 months following the halving event. It means that in 2030 the dust will settle and the new record prices will drop a bit. However, decent projects like Pyth will have bigger prices than they had before 2028. By the end of 2030 PYTH will be traded at $2.38.
2035
Assuming that in the 2030s the Pyth team continues to work as hard as today and the crypto market in general keeps on developing, growing, and getting more mainstream, the Pyth price may hit nearly $19 by the end of 2035.
2040
In 2040 Pyth may reach around $140.
Pyth (PYTH) Price Analysis for the Past Several Years
The table below displays the main milestones of the Pyth price beginning with 2023 when the token appeared on the markets. The right column provides short commentaries that explain the reasons for the price change so you will better understand what are the main drivers of the Pyth price.
| Date | Price | Why the price dropped/rose to this level (what influenced the price change) |
| Nov 20, 2023 | $0.28 | Pyth was listed on several crypto exchanges from day one. On November 20 it was traded at nearly 30 cents. The exchanges that listed Pyth before the token launch include such leading platforms as Bybit, OKX, KuCoin, HTX, MEXC, and Gate.io. This list confirms the project’s ambitions and explains the relatively high price at the start of trading |
| Nov 24, 2023 | $0.497 | Soon the price nearly doubled. The fresh token was turning heads, attracting new investors |
| Dec 6, 2023 | $0.43 | At the end of November early investors began to sell PYTH feeling that the price became high enough. It caused a price drop. On December 1, PYTH was traded at 38 cents. However, on December 6 it grew up to 43 cents, following the Kraken listing |
| Jan 10, 2024 | $0.246 | A notable deviation from the BTC price trends took place in early January during the ongoing BTC rally. On January 10, the Pyth price reached the bottom at 24 cents as traders were selling it in favor of other cryptocurrencies |
| Mar 16, 2024 | $1.2 | On February 2, the biggest exchange Binance added PYTH to its roster. The Bitcoin ETFs approval rally gave PYTH its historical maximum (as of November 13, 2024) at $1.2 on March 16 |
| Apr 14, 2024 | $0.564 | Following the March rally, BTC price dropped in April pulling the entire crypto market down. After April 9 PYTH saw a sharp downfall, hitting the bottom on April 14 at $0.564. After a short mid-April resurgence zig-zag shaped downtrend continued in the next four months |
| Aug 6, 2024 | $0.24 | The four-month long gradual price decline finished on August 6 when the PYTH price reached its historical minimum at 24 cents slightly below its January 10 value. As of November 13, 2024, ever since the Pyth price was growing slowly reaching over 40 cents by November |
| Nov 13, 2024 | $0.39 | In October the price was immensely volatile reaching $0.38 or $0.4 on several occasions. After Donald Trump’s victory in the election, the Pyth support levels grew higher. At some point Pyth reached nearly 45 cents. As of November 13, the PYTH price is 39 cents |
Q&A
Is PYTH a good investment?
We can’t give investment advice. In general, Pyth is regarded as a successful project which is confirmed by the strong support from leading crypto exchanges. However, the token is still far from the top 50.
What will be the PYTH price in 10 years?
Ten years from now (in 2034) PYTH may reach around $12.2.
Should you buy PYTH now?
As of November 14, 2024, the market is high. Some may consider buying crypto assets when the prices will get lower.
Conclusion
Pyth is one of the most successful oracle networks. The token debuted on a number of leading exchanges including Bybit, KuCoin, Gate.io, and MEXC. As of November 2024, the token struggles to regain its all-time high value. Nevertheless, if the project keeps on growing, the Pyth price may surpass $12 in 2034.
本文中表達的觀點和評估是本文作者的觀點，並不代表Cryptogeek的立場。 不要忘記投資加密貨幣並在交易所交易與風險相關。 在做出決定之前，請務必對市場和您感興趣的產品進行自己的研究。
Author and journalist. Have a bachelor's degree in History and several years of experience in different media
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