The PYTH Ecosystem and the future of PYTH

[MrSpasybo]

Yes I also heard this news on the telegram channel and when I checked in the market it turned out that PYTH had plunged freely down but I still opened a short position but the market said otherwise after I opened a short position pyth immediately reversed direction and I had to close the short position in a state of loss.

Condolences on your stop-loss, but I hope you will soon regain your profits from future investment decisions. Stop-loss protects your assets and opportunities in this market ^^

PYTH price has been on a continuous downtrend since mid-March, possibly due to the news of the token unlock event in May being reflected in the price chart. Surprisingly, right after billions of PYTH tokens were unlocked, PYTH price surged from $0.36 to $0.5, confusing many investors. It is possible that PYTH holders did not have a plan to sell immediately after receiving unlocked tokens, they continued to hold and find ways to pump PYTH price to sell at a higher price in the future. I also have high expectations for the future of PYTH token and Pyth Network as it is the only oracle that can compete with ChainLink in this bullrun. Other oracles like Band or DIA seem to have been forgotten in the oracle sector.