Pyth Network provides high-quality, real-time real-world data for blockchains through a decentralized oracle network. Its services are crucial for DeFi, financial derivatives, and NFT projects. Recently, the U.S. Department of Commerce announced the selection of the Pyth Network blockchain oracle for economic data validation, which directly drove the PYTH price to surge approximately 70% in the short term, marking a significant breakthrough for the project in terms of official recognition and market application.
As of September 2025, the price of PYTH is approximately $0.1569, with a 24-hour trading volume of $150,217,391 and a market capitalization of about $902,466,625. Before the announcement, the price fluctuated between $0.09 and $0.12; after the announcement, it quickly surged to $0.204, then slightly pulled back to $0.1569. The market is experiencing significant short-term volatility, but investors remain optimistic about its long-term prospects.
In the short term, PYTH may fluctuate between $0.14 and $0.21, with an average price of around $0.165. If the price holds above the key support level of $0.14, it may usher in a new round of rebound. Investors should pay attention to market sentiment and official collaboration dynamics, as these factors may further drive price fluctuations.
In the long term, PYTH benefits from the selection by the U.S. Department of Commerce and partnerships with major financial institutions, with prices expected to reach $0.17 by 2026 and potentially $0.20 by 2030. Market uncertainty still exists, so prudent investment and diversification remain key strategies.
New investors can pay attention to support and rebound opportunities in the range of $0.14 to $0.16. After a rapid price increase in the short term, a pullback may occur, and it is recommended to avoid chasing highs. At the same time, keep an eye on the progress of official data collaborations and ecological development, as these will directly impact the price potential and long-term value of PYTH.