Pyth Network Will it Plummet to Zero? PYTH Price Drops 11% Amidst $4.5 Million Fundraising Round

Is PYTH Going to Zero? Price Drops 11% as Crypto Raises $4.5 Million on Pyth Network

As the price of Pyth Network takes a rollercoaster ride, traders are on the edge of their seats, nervously asking, “Is Pyth Network Going to Zero?” It’s like waiting for an exciting action movie to reach its climax while hoping the floor doesn’t collapse beneath you.

The excitement around airdrops is at an all-time high, thanks to the stunning performance of Celestia (TIA) in the world of modular layer-1 blockchains. It skyrocketed by a mind-boggling +117% after its launch earlier this quarter. Celestia’s success inspired hope and enthusiasm among investors, leading them to eagerly anticipate the Pyth airdrop.

When the Pyth airdrop tokens were first distributed to holders, there was an initial sell-off. However, it didn’t take long for Pyth Network (PYTH) to bounce back and explode with a staggering +584% surge. It was like a firework shooting up into the sky, leaving everyone dazzled and breathless.

Now, PYTH’s recent returns (in orange) are outperforming the steady growth of TIA (in blue), creating a double-bottomed support pattern that boosts market sentiment. It’s like watching a talented acrobat performing a daring stunt on a tightrope, defying gravity to leave the audience in awe.

• Hong Kong Securities Association Contemplates an ‘ICO’ Revolution in the Making!
• Adoption of Crypto from a Global Perspective Exploring Financial Freedom in Turbulent Economies
• Court Approves Sale of FTX’s Trust Assets: A Crypto Resurrection Story

As PYTH price once again pushes up, Pyth Networking is currently trading at a market price of $0.41, representing a 24-hour change of +2.44%. In the midst of this exciting rally, there was a moment of panic as PYTH price tumbled by -11%, testing lower support around $0.40. It felt like riding a rollercoaster, experiencing both the thrilling highs and stomach-churning drops.

Fortunately, the Pyth airdrop holders defended their positions and created an opportunity for a double-bottomed support pattern on the chart. It’s like a superhero swooping in to save the day, providing stability and hope in the face of uncertainty.

With strong technical structure and indicators pointing upwards, PYTH price appears healthy, poised for a potential run at upper resistance. However, there’s a significant hurdle at $0.45, looming like a towering mountain waiting to be conquered. Will the brave traders manage to break through and reach the summit, or will they stumble and retreat?

As we navigate through this thrilling journey, the RSI remains on the fence at 51.60, indicating that there’s plenty of room for price to surge higher if a rally ignites. The MACD also shows minor divergence, adding fuel to the bullish sentiment. It’s like having a trusty navigator in the passenger seat, guiding us toward potential gains.

Meanwhile, as PYTH price captivates investors, smart money is shifting its focus to rapidly growing presales that offer even more attractive returns. One such promising opportunity is the Bitcoin Minetrix $BTCMTX presale, which has already raised an astonishing $4.5 million.

Bitcoin Minetrix dives into the innovative world of Bitcoin mining, introducing a pioneering stake-to-mine system. It’s like having a personal gold mine where you can invest, stake your claim, and watch the rewards pour in. Finally, a chance to achieve passive income in the crypto world without the hassle of traditional mining contracts or heavy upfront costs.

In the fast-paced world of Bitcoin mining, where the hash rate has reached an all-time high, the centralization of mining power has become a concern for many. But fear not! Bitcoin Minetrix champions true decentralization, redistributing mining profits from big corporations to individual retail investors through its stake-to-mine system. It’s like a rebellion against a powerful empire, giving the people a chance to claim their fair share.

Bitcoin mining has never been more centralized. A closer look at the mined blocks reveals that a shocking 55.79% of all Bitcoin block rewards go to just two mining pools. This growing centralization is a challenge that needs to be tackled, and Bitcoin Minetrix is leading the charge towards a more decentralized future.

With its distinctive edge in the market, impeccable security on the Ethereum blockchain, and the impending Bitcoin halving creating new opportunities, Bitcoin Minetrix is set to reshape the Bitcoin landscape. The ongoing BTCMTX presale has already attracted significant interest, providing early investors with a unique chance to be part of this evolution.

Are you ready to hop on the rollercoaster ride of Pyth Network and join the ambitious Bitcoin Minetrix journey? Buckle up, make informed decisions, and enjoy the exhilarating ride through the exciting world of digital assets!

Buy BTCMTX Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!