$PYTH is a serious Competitor of Chainlink ($LINK ) In #DePin Sector. It is Faster than Any Competitor by a mile. Let's check out the latest kid in the Block.
After Celestia ($TIA ) $PYTH is Going to Havoc in Market. They Also Announced a big Airdrop for community.
• What Is Pyth Network?
Pyth Network is an oracle that publishes financial market data to multiple blockchains. Various exchanges and market making firms contribute to their available market data. The oracle continuously aggregates publishes prices to provide accurate price feeds for a number of different asset types such as US equities, commodities, and cryptocurrencies.
• How it Works?
Chainlink nodes source data from data providers and aggregate them, while in Pyth, data publishers run nodes and aggregate data to provide accurate prices.
• How Fast it is Compared to Chainlink?
ChainLink updates price feed data after a few minutes, for BTC/USD it's 10-60 minutes, while Pyth updates data in real time.
• #PYTH Airdrop
After November 20, the airdrop will remain open until February 18. DeFi users can check their potential eligibility for the airdrop, as well as the amount of PYTH they are set to receive, at the network’s airdrop check page.
Pyth users in several countries, however, will be ineligible to participate by default, due to mitigating legal factors. Residents of the United States and the United Kingdom will not be able to claim PYTH tokens; nor will residents of North Korea, Ukraine, Cuba, Syria, Iran, Yemen, South Sudan, the Democratic Republic of the Congo, and eight other nations and territories.
• Price Prediction
Kucoin Recently Opened a Pre-Listing OTC orders for $PYTH . $0.31 Was the price. Surprisingly they also did same with TIA Damn Accurate their price was.
For investment and Trading Point of view, #PYTH is a good project that can grow against LINK in future. They've the Growth catlysts to perform. I'm looking a 30-40% discount for a entry 0.20 or less for a short term. And For long term we've to wait sometime to see how it's performing Against the Giants in Oracle Sector.
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