$PYTH is up 7.51% on the week, and pyth just widened its data service to cover US equities, ETFs, more hong kong stocks, commodity futures and metals under one subscription.
the pitch from the pyth team is simple. price feeds were the start, the real business is being the data layer that trading venues pay to plug into, and every new asset class is one more reason to subscribe.
the part i care about is prediction markets. pyth says it already feeds data to some of the largest venues in that category, and as those platforms scale, whatever resolves their outcomes becomes load-bearing. that's a demand story you can point at.
the risk is that most of this is the project talking about itself. subscriptions and indices sound good, none of it pays PYTH holders yet, and the token still trades at four cents.
right now $PYTH is at $0.04653, near the bottom of its day. if it holds $0.04622, i think the weekly uptrend stays intact and it works back toward $0.05033. if it loses $0.04622, i'm wrong here and there's nothing to defend, and anyone who bought the expansion news is stuck underwater with no level left to lean on.
holding $0.04622 or losing it?
the pitch from the pyth team is simple. price feeds were the start, the real business is being the data layer that trading venues pay to plug into, and every new asset class is one more reason to subscribe.
the part i care about is prediction markets. pyth says it already feeds data to some of the largest venues in that category, and as those platforms scale, whatever resolves their outcomes becomes load-bearing. that's a demand story you can point at.
the risk is that most of this is the project talking about itself. subscriptions and indices sound good, none of it pays PYTH holders yet, and the token still trades at four cents.
right now $PYTH is at $0.04653, near the bottom of its day. if it holds $0.04622, i think the weekly uptrend stays intact and it works back toward $0.05033. if it loses $0.04622, i'm wrong here and there's nothing to defend, and anyone who bought the expansion news is stuck underwater with no level left to lean on.
holding $0.04622 or losing it?
