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PYTH Rallies by 14% as Community Approves the Pyth DAO Constitution

Twitter icon  •  Published il y a 2 mois  •  Hassan Maishera

PYTH is up by 14%, outperforming the other major cryptocurrencies following the community’s approval of the Pyth DAO Constitution.

TL;DR

  • PYTH is the best performer amongst the top 100 cryptocurrencies by market cap, up by 14% in the last 24 hours.

  • BTC continues to trade below the $50k level.

PYTH Surges by 14%

PYTH, the native coin of the Pyth network, is the best performer amongst the top 100 cryptocurrencies by market cap. The coin is up by 14% over the last 24 hours, outperforming the other major cryptocurrencies.

At press time, PYTH’s price stands at $0.6683. In the last seven days, the coin has added more than 35% to its value.

The positive performance comes after the Pyth Network community voted in favor of the Pyth DAO Constitution. The Constitution describes the decision-making framework for the Pyth DAO and the governing framework for the holders of PYTH tokens. 

In other words, the constitution lays out how the various Pyth Network participants may interact for the purposes of community-led decision-making.

PYTH’s rally comes as the broader crypto market continues to consolidate. BTC, the world’s leading cryptocurrency by market cap, is down by less than 1% in the last 24 hours and is trading just above the $49,500 mark.

With Bitcoin and others currently consolidating, the total cryptocurrency market cap now stands at $1.86 trillion, down by less than 1% so far today.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.