A popular crypto influencer thinks a lesser-known project could one day outshine Chainlink.
Pyth Network: The Underrated Oracle?
Guy Turner, of the CoinBureau YouTube channel (over 2.5 million subscribers!), recently highlighted Pyth Network (PYTH). He argues that its potential for massive fee revenue makes it a seriously undervalued cryptocurrency. He sees Pyth as a strong competitor to Chainlink (LINK), possibly even superior. The key difference? Pyth has its own blockchain, Pyth Net, which could eventually use the PYTH token for transaction fees. This fee-generating potential, Turner believes, could propel PYTH to a market cap exceeding that of LINK.
Current Market Standing
Right now, PYTH is trading at $0.49, a 7% increase in the last 24 hours. Its market cap sits at $1.79 billion, making it the 83rd largest crypto project. In contrast, LINK is trading at $29.08, with a market cap of $18.21 billion, placing it 13th. While PYTH is currently much smaller, Turner’s prediction highlights its potential for significant growth.
Early Bird Advantage?
Turner points out that PYTH’s relatively low profile presents an opportunity for early investors. However, those already invested might be less enthusiastic about the potential for slower growth. The future of PYTH, and whether it can truly challenge Chainlink’s dominance, remains to be seen.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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