The entire market is awash in blood, but $PYTH is bucking the trend and turning green: BTC fell below $72,000, hitting a 12-week low; liquidations across the market totaled $656 million in 24 hours. Only 26 of the top 100 coins are in the green, and PYTH has the second-biggest gain.
Binance daily chart: Closed at 0.0641 on 11/11, then hit a high of 0.0678 (+5.7%) on 11/12 and closed at 0.0669. Today it continued to touch around 0.0679, with a market cap of about $530 million.
Let’s do the math: If you put in 10,000 U at yesterday’s closing price and sold at the 11/12 high, you’d have 10,566 U—a gain of 566 U. Holding until now would leave you with about 10,588 U. While others are cutting their losses, holders are counting their money.
Pyth is a veteran in the oracle sector, with price feeds covering the entire market. In a bear market, coins that buck the trend like this really test your ability to hold—but don’t get carried away: a 5% gain isn’t a doubling. Size your position carefully. #Pyth #Cryptocurrency
Binance daily chart: Closed at 0.0641 on 11/11, then hit a high of 0.0678 (+5.7%) on 11/12 and closed at 0.0669. Today it continued to touch around 0.0679, with a market cap of about $530 million.
Let’s do the math: If you put in 10,000 U at yesterday’s closing price and sold at the 11/12 high, you’d have 10,566 U—a gain of 566 U. Holding until now would leave you with about 10,588 U. While others are cutting their losses, holders are counting their money.
Pyth is a veteran in the oracle sector, with price feeds covering the entire market. In a bear market, coins that buck the trend like this really test your ability to hold—but don’t get carried away: a 5% gain isn’t a doubling. Size your position carefully. #Pyth #Cryptocurrency
