Pyth Network (PYTH) Surges Following Binance Listing Announcement

Pyth Network (PYTH) Surges Following Binance Listing Announcement

In a significant development for the cryptocurrency market, Pyth Network (PYTH), the leading first-party oracle network facilitating real-time market data across more than 40 blockchains, has experienced a noteworthy surge. Over the last 24 hours, the PYTH token price has exhibited an impressive increase of +22.15%, rising from $0.4036 to $0.4926, accompanied by a surge in market capitalization to $738 million. Notably, the trading volume surges by an astounding 183.05% during this period.

Source: CoinMarketCap

Binance Announced Pyth Network (PYTH) Listing:

The reason behind this surge is the recent announcement by Binance, the world’s largest cryptocurrency exchange, regarding the spot listing of Pyth Network (PYTH). The official declaration came today, setting the stage for increased visibility and accessibility of PYTH tokens in the global crypto market.

Binance is scheduled to list Pyth Network (PYTH) and initiate trading for spot trading pairs on February 2, 2024, at 12:00 (UTC). The introduction of new spot trading pairs, namely PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY, is expected to diversify trading options for users and enhance liquidity within the PYTH market.

The Binance listing is anticipated to bring heightened attention to Pyth Network (PYTH), opening up new opportunities for investors and further establishing the project’s presence in the cryptocurrency market.

Also Check: Pyth Network (PYTH) Price Prediction 2024-2030

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