Pyth Network Price Prediction: PYTH Up 20% But Traders Have Turned Their Eyes To This Meme Battleground Presale Focused On The Booming Blockchain Gaming Sector.

adminFebruary 3, 2024

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The price of Pyth Network has surged 20% over the past 24 hours to $0.49 at 4:30 AM ET, with trading volume surging 180% to $214.8 million.

One of the reasons for the sudden surge could be Binance’s expected listing, while another could be simply the hype around Pyth Network, the largest and fastest growing first-party oracle network that provides real-time market data to dApps. 40+ blockchains.

Pyth Network Price Prediction

The price of Pyth Network has shown a strong upward trend over the past 24 hours, but traders and investors are interested in how much further it can go. According to the project chart, it is not far from the ATH of $0.65 achieved on November 20, 2023.

With a strong push, it wouldn’t be impossible for PYTH to reach and exceed that price again. Bollinger Bands are definitely one of the most bullish signals at the moment, as they have seen a huge expansion over the past 24 hours. The price of the token is also currently much closer to the upper band.

Paice Network Price

On the other hand, the token’s Relative Strength Index (RSI) level shows that it has recently entered deep into oversold territory, reaching a value of 85.08 before traders started selling, with the RSI score dropping to 62.28. Although still far from neutral, the sharp decline reflects the performance of the price itself.

Currently, both market sentiment and technical indicators surrounding PYTH are showing strong bullishness, so it is likely that the token will bounce back and attempt to break the $0.52 resistance once again.

It is yet to be seen how high it could go once resistance breaks down. The token is likely to face several resistances, including $0.55 and $0.60.

Alternatively, if traders start selling after reaching a certain height, it will likely fall back to $0.40 and potentially to $0.38, where the token found its strongest support last week.

A promising alternative to Pyth Network

Pyth Network certainly looks promising, but there are those who believe the best opportunities lie in highly anticipated tokens that have yet to launch. One that is currently getting a lot of attention is Meme Kombat (MK).

Meme Kombat is a project that has developed a unique and innovative gaming platform for organizing meme battles. With memes dominating internet culture for years, it’s clear why they appeal to such a wide audience.

We successfully achieved $7.8 million in revenue. $MK Reservation⚔️
Congratulations everyone! pic.twitter.com/NG0lZmNUZ9
— Meme Kombat (@Meme_Kombat) January 31, 2024

This project allows users to bet on these battles and get more MK. Of course, we understand that not everyone likes betting. Either because they don’t enjoy betting or because they don’t want to risk their funds. So Meme Kombat also created something for them where they can earn rewards through passive staking.

The idea of this project is to offer something for everyone. So far, this approach has received tremendous approval from the cryptocurrency community. Meme Kombat has already had one of the most successful pre-sales in recent memory, having just surpassed the $8 million mark.

Of course, this means there isn’t much time left to participate in the pre-sale. So if you want to get involved and get MK before it explodes in the pumps after its anticipated release, now is the time. You can purchase it by exchanging it for ETH or USDT, and since each MK sells for just $0.279, you can get quite a lot of money.

Check out the MK presale here.