Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: Papusha20 on February 04, 2024, 08:41:04 AM
-
Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance
Details (https://dailyhodl.com/2024/02/03/solana-based-altcoin-surges-more-than-42-this-week-amid-new-listing-on-top-crypto-exchange-binance/)
A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset.
Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps).
This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of writing.
-
How do you even get Pyth? Do you need to participate or do some stuff to be eligible? Would it have airdrops or something? I think it's a great coin and could continue to rise, wow.
-
How do you even get Pyth? Do you need to participate or do some stuff to be eligible? Would it have airdrops or something? I think it's a great coin and could continue to rise, wow.
According to Pyth airdrop, you can only be eligible if you interact with apps that use Pyth data on any supported blockchain like Solana or have special community roles in their discord server.
And take note it is not a coin but a token it is a Solana native token and yes it has had a stable price increase since January 11 but the price still the same as what it was last year.
-
Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance
Details (https://dailyhodl.com/2024/02/03/solana-based-altcoin-surges-more-than-42-this-week-amid-new-listing-on-top-crypto-exchange-binance/)
A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset.
Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps).
This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of writing.
After recovering from the FTX scandal, the Solana ecosystem grew faster than I dared to expect. The growing number of projects and tokens in the Solana ecosystem is the best evidence. Congratulations on the return of Solana in the race with Ethereum and BNB chain.
Accordingly, Pyth is also expected to become extremely important in the Solana ecosystem, being able to compete and surpass Chainlink in the oracle field[1]. However, ChainLink is a giant in this market, PYTH will need more time to catch up with LINK in terms of capitalization. PYTH is at position #88 with cap = $715M, LINK is at position #12 with cap = $10.6B.
[1] Is PYTH The Next Chainlink? Here’s Why PYTH Price Can Rally To $1 (https://coingape.com/is-pyth-the-next-chainlink-heres-why-pyth-price-can-rally-to-1/)
-
I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network.
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community.
So let's hunt for new coins from the Solana network to invest in, and wish us luck.
-
I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network.
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community.
So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Do you need to invest in it or just get it with an airdrop? Because I remember that if you use the tokens in their network, you would get a chance to get an airdrop for your participation or something. I haven't tried or discovered something that has that kind of airdrop that gives a lot of money. I do hope that I will be able to participate in something like this. Is PYTH done with these? I saw JUPE as the latest one I think.
-
I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network.
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community.
So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Do you need to invest in it or just get it with an airdrop? Because I remember that if you use the tokens in their network, you would get a chance to get an airdrop for your participation or something. I haven't tried or discovered something that has that kind of airdrop that gives a lot of money. I do hope that I will be able to participate in something like this. Is PYTH done with these? I saw JUPE as the latest one I think.
I often buy new coins on the Solana network, such as WEN and JUP yesterday. But I haven't made a big profit yet, but I'm still holding on. I don't really understand Pyth, but it seems like the event is still running now.
Yes, there are lots of airdrops running on the Solana platform, even though it's just swaps, we can qualify. And currently I am joining Airdrop Marginfi and Kamino which run on the Solana Network.