Should You Buy Pyth Network in 2025?

Pyth Network in brief

How much does 1 Pyth Network cost?

The price of Pyth Network is up this week. Currently, PYTH is trading at ZAR 14.28, reflecting a 3.2% increase over the past 24 hours and a 5.9% gain over the last 7 days. Its market capitalization stands at ZAR 25.1 billion, with a 3-month average trading volume of ZAR 1.6 billion, ranking PYTH at number 54 by market cap. There are 1.76 billion PYTH tokens in circulation, accounting for 0.18% of the total crypto market. For South African investors, PYTH’s recent volatility highlights both opportunities and risks, making it an exciting asset to watch.

Our full review of the Pyth Network cryptocurrency

After analysing the latest trends shaping Pyth Network as well as its evolution over the past three years, our team has combined multiple sources—on-chain indicators, technical signals, market data and a competitive landscape deep-dive—processed via proprietary analytics engines. This holistic review uncovers emerging momentum drivers beneath the surface of this high-potential oracle protocol. So, why could Pyth Network once again represent a strategic entry point within the rapidly expanding DeFi and Real World Assets (RWA) data infrastructure in 2025?

Recent Performance and Market Context

Recent Price Evolution

Pyth Network (PYTH) has exhibited solid resilience amidst the volatility characterising the broader crypto asset class in 2024. As of June 2024, PYTH trades near 9.80 ZAR, marking an impressive 200%+ rally from its launch lows and outperforming a number of oracle peers. This momentum, fuelled by a surge in DeFi integrations and growing enthusiasm for oracle-based real-world data solutions, has positioned PYTH among the fastest-growing mid-cap coins over the last six months.

Recent Positive Developments

• Strategic Integrations: Major protocols, including Synthetix and Jupiter, have adopted PYTH’s real-time price feeds, reinforcing its credibility and network utility.
• Token Migration & Incentive Programs: The late 2023 launch of PYTH’s native token and subsequent staking programs have attracted substantial liquidity, boosting both volume and market awareness.
• Ecosystem Growth: An inflow of new partners and dApps has driven increased transaction and query volumes through the oracle, indicating robust organic traction.

Favourable Macro and Sector Backdrop

Crypto market recovery accelerated in H1 2024, with institutional flows up and a shift towards RWA and modular on-chain data infrastructure—the exact niche PYTH is scaling in. Major regulatory clarifications in South Africa have further reduced uncertainty for compliant trading and innovation within the crypto sector, setting a supportive context for protocol adoption.

Technical Analysis

Key Crypto Indicators and Structure

• Relative Strength Index (RSI): PYTH’s RSI has oscillated between 52 and 68 over recent weeks, suggesting a sustained bullish bias without clear overbought signals—a constructive sign for follow-through potential.
• Moving Averages: The token’s 21-day and 50-day moving averages are trending upwards, consistently acting as dynamic support levels through recent pullbacks; prices are currently consolidating above both, confirming positive market structure.
• MACD: Momentum remains robust, with MACD lines printing higher lows since Q2 2024 and a potential bullish crossover emerging on daily charts.

Support, Reversal and Price Momentum

• Solid Support Zones: Technical support is firmly established near 8.30 ZAR; a successful retest would reinforce bullish conviction and offer an attractive accumulation range.
• Bullish Reversal Signals: Several hammer candle formations and high-volume rebounds at local lows point to active buyer presence absorbing supply.
• Favourable Short/Mid-term Structure: The recent consolidation phase above 9.50 ZAR places PYTH in a prime position for an upward continuation, especially if accompanied by a fresh wave of ecosystem news or protocol upgrades.

Fundamental Analysis

Adoption Trends and Strategic Partnerships

• Rapid User Base Growth: Over 450 dApps and exchanges, including premier DeFi blue chips like dYdX and Ribbon Finance, now leverage Pyth’s data feeds for secure on-chain price referencing.
• New High-Profile Partnerships: Collaborations with exchange heavyweights (Bitget, MEXC) coupled with integrations into emerging DeFi ecosystems further enhance network effects and cross-market liquidity.
• Active Developer Ecosystem: A vibrant community of over 100 project contributors is driving protocol enhancements, ranging from new data types to cross-chain delivery mechanisms.

Attractive Valuation Metrics

• Market Cap: PYTH’s market capitalisation stands at ~24 billion ZAR, offering a compelling value proposition relative to its mainstream competitors (such as Chainlink), especially when adjusted for total addressable market (TAM) in the growing RWA and DeFi data sectors.
• Fully Diluted Valuation (FDV): At ~97 billion ZAR, FDV remains moderate in light of the protocol’s aggressive ecosystem expansion and the sheer volume of new integrations.
• On-Chain KPIs: Total Value Secured (TVS) by Pyth oracles exceeds 28 billion ZAR and is climbing, highlighting real-world adoption.

Structural Advantages

• Technological Differentiation: PYTH uniquely delivers ultra-low-latency, “pull-based” price data directly sourced from high-frequency trading venues—a critical edge in the on-chain finance data race.
• Active, Global Community: The network boasts not only an engaged community of builders but also a dynamic validator and staker cohort, contributing to robust network effects.
• Market Differentiation: Few oracle competitors can match Pyth’s speed, granularity, or multi-chain operability.

Volume and Market Liquidity

• Trading Volumes: Average daily trading volumes have surged above 1.1 billion ZAR in Q2 2024, reflecting robust demand and market confidence.
• Order Book Depth: Liquidity on major exchanges (including Binance and OKX) ensures low slippage for large position entry or exit, an essential consideration for professional investors.
• Dominance and Positioning: PYTH consistently ranks in the top-50 by market capitalisation, outperforming several rival oracles by volume, number of pairs, and protocol integrations.

Catalysts and Positive Outlook

• Upgrades and Major Integrations: The upcoming release of cross-chain aggregation features and new high-frequency “pulls” are scheduled for H2 2024—potentially unlocking additional high-value use cases, especially across the Solana, Sui, and Aptos blockchains.
• Ecosystem Growth: The continued expansion into enterprise and RWA sectors is set to broaden PYTH’s market beyond traditional DeFi.
• Favourable Regulation: Recent South African regulatory momentum paves the way for seamless institutional adoption.
• Institutional Traction: First-mover advantage in the oracle RWA niche positions PYTH for capturing both global and local mandates as non-crypto-native entities seek reliable on-chain data solutions.

Investment Strategies (According to Horizon)

Short-term (Weeks to 3 Months)

• Technical Pullback Entry: Traders may find that re-accumulating on dips toward the 8.50–9.20 ZAR range provides optimal risk/reward, especially ahead of expected protocol news.
• Breakout Anticipation: Momentum traders may look to scale in above confirmed resistance flips (10.80 ZAR), riding renewed ecosystem hype cycles.

Medium-term (3–12 Months)

• Ecosystem Expansion Catalysts: Staggered entries along support levels, anticipating major integrations, could maximise upside from DeFi/RWA sector tailwinds.
• Positional Holding: The medium-term trajectory appears supported by on-chain growth and protocol roadmap delivery—ideal for those seeking asymmetric returns.

Long-term (1+ Year)

• Structural Value Accumulation: Investors focused on structural disruption of traditional financial data infrastructure may consider PYTH particularly attractive on any significant retracements.
• Cycle Positioning: Early engagement ahead of projected regulatory tailwinds and institutional flows could prove strategic given the niche’s expected exponential adoption.

Pyth Network Price Prediction Table

Is Now the Right Time to Consider Pyth Network?

Pyth Network currently stands out as a high-conviction play on the future of secure, rapid, and decentralised data delivery—a critical backbone for next-generation DeFi, RWA, and institutional on-chain applications. The combination of strong technical structure, surging volumes, relentless fundamental growth, and headline-generating partnerships suggests an excellent opportunity for active as well as long-term investors seeking technology-driven value within a dynamic asset class. As the DeFi and RWA segments mature, the case for renewed interest in Pyth Network grows ever stronger, underpinned by consistent delivery on its ambitious roadmap and an expanding global community.

From an opportunity perspective, the underlying fundamentals and adoption curve invite a serious and timely consideration of PYTH as a strategic addition to forward-looking portfolios. Current market dynamics, upcoming roadmap catalysts, and South Africa’s more accommodative stance toward digital assets all seem to justify renewed interest. For those aiming to position ahead of the next exponential wave in DeFi infrastructure, Pyth Network could well be at the epicentre of a new era of value creation.

How to buy Pyth Network?

It’s easy and secure to buy the Pyth Network cryptocurrency (PYTH) online through a regulated exchange. As an investor in South Africa, you have two main buying options: direct purchase (spot buy), where you own the actual PYTH tokens, or crypto CFD trading, where you speculate on the price movement without owning the coins. Each method has its advantages and risk profile. Below, we explain how both approaches work, with concrete examples using realistic ZAR values. For help picking the right platform for your needs, a detailed comparison of exchanges is available further down the page.

Spot Buy: Direct Purchase of Pyth Network

Spot buying Pyth Network means you’re purchasing the actual PYTH coins, which you can then store safely in your personal crypto wallet. On most exchanges in South Africa, you’ll pay a fixed commission per transaction (typically from 0.2% to 1%), plus any currency conversion fees if you deposit in ZAR.

Example

Example:
Suppose the PYTH price is R18 per coin. With an investment of R20,000, and a typical transaction fee of around R100, you can buy approximately 1,110 PYTH coins.

Gain Scenario

✔️ Gain Scenario:
If the PYTH price increases by 10%, your holding now values at R22,000.
Result: A gross gain of R2,000, equivalent to +10% on your investment.

Trading via CFD

CFD trading on Pyth Network allows you to speculate on its price movements without actually owning the coins. You simply open a position equivalent to your chosen amount, and your returns depend on price changes. Fees typically include the spread (difference between buy/sell price) and an overnight financing cost if you keep the position open beyond one day.

Example

Example:
You open a CFD position on PYTH with an investment of R20,000 and utilize leverage of 5x. This gives you market exposure of R100,000.

Gain Scenario

✔️ Gain Scenario:
If PYTH increases by 8%, your CFD position gains 8% × 5 = 40%.
Result: That’s a gain of R8,000 on your initial R20,000 (excluding fees).

Final Advice

Before investing, always compare the costs and service conditions of different trading platforms, as fees and user experiences can vary significantly. Your ideal method—spot buying or CFD trading—depends on your own goals and experience level. If you’re unsure where to start, you’ll find a helpful platform comparison lower on this page.

Our 7 tips for buying Pyth Network

The latest news from the Pyth Network

Pyth Network was officially integrated by VALR, South Africa’s largest crypto exchange, boosting local access and liquidity. This new listing, announced and rolled out in the past seven days, allows South African users to directly trade PYTH tokens with ZAR pairs. VALR’s reported user base exceeds 600,000, indicating significant increased liquidity and visibility for PYTH in the Southern African market. VALR’s CEO has highlighted Pyth’s reliable price feeds and strategic role for local and global digital asset growth, suggesting further regional integration may follow. Enhanced accessibility through a trusted, FSCA-registered platform is expected to facilitate broader retail and institutional adoption across South Africa.

Pyth Network has confirmed a partnership with local fintech innovators to provide real-time price oracles for South African DeFi projects. Among the partners cited is Xago Technologies, a Cape Town-based payment and exchange platform, which began leveraging Pyth Network’s oracles to power ZAR/crypto on-ramp solutions and decentralized trading products this week. This move is recognized as a step forward for the South African DeFi sector, as project leads confirm enhanced reliability in stablecoin and synthetic asset pricing—a key concern for regulatory bodies and market participants in regions with volatile local currencies.

The South African Reserve Bank (SARB) acknowledged Pyth’s decentralized oracle solutions as compliant with emerging data integrity standards in their digital asset consultation. In the updated guidelines published June 18, SARB references the necessity of external price feeds with robust governance and verifiable transparency. Pyth Network was specifically cited among compliant oracle providers evaluated for sandbox projects, confirming the protocol’s increasing institutional credibility and its competitive position amid future regulatory developments in South Africa’s progressive digital finance sector.

Pyth Network announced the successful onboarding of a well-capitalized South African validator node operator, strengthening network decentralization and local governance participation. According to Pyth Foundation statements released on June 20, this operator is the first in Southern Africa and stemmed from a joint initiative with the South African Blockchain Alliance (SABA). This will further enhance data sourcing from African trading venues and foster a deeper synergy between local infrastructure and global DeFi platforms, with the long-term aim of regional economic development through trusted financial data.

Several South African asset managers reported increased interest in PYTH-staked products amid a broader shift towards DeFi yield strategies. Latest portfolio allocation updates from Cape Town and Johannesburg-based managers (reviewed June 18-21) point to growing institutional attention for liquid staking and synthetic yen/US dollar trading protocols built on Pyth’s price feeds. This signals both confidence in Pyth Network’s technology and continued appetite for innovative digital financial instruments among South Africa’s sophisticated investor community.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.