{"id":168358,"date":"2025-08-29T13:03:25","date_gmt":"2025-08-29T10:03:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=168358"},"modified":"2025-08-29T13:03:25","modified_gmt":"2025-08-29T10:03:25","slug":"pyth-network-soars-75-after-securing-us-government-partnership-which-altcoin-will-explode-next","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pyth-network-soars-75-after-securing-us-government-partnership-which-altcoin-will-explode-next\/","title":{"rendered":"Pyth Network Soars 75% After Securing US Government Partnership: Which Altcoin Will Explode Next?"},"content":{"rendered":"

During uncertain market periods, cryptos that perform strongly stand out and attract even more buyers than usual. This week, Pyth Network (PYTH) has become the star of the show with a 75% gain in the last 24 hours after announcing a partnership with the US Department of Commerce. Meanwhile, Ethereum (ETH) is dealing with a 5% daily dip \u2013 and Bitcoin (BTC) is threatening to break below $110,000.<\/p>\n

Potentially bearish phases also drive extreme demand for crypto wallets and their native tokens, which is why the presale for Best Wallet Token (BEST)<\/a> has now broken the $15 million mark. Serious crypto believers are funneling their funds into long-term storage products like Best Wallet, which in turn makes wallet tokens more valuable for power users.<\/p>\n

Bearing this in mind, let\u2019s dive into the story behind PYTH\u2019s price explosion, and learn more about a trending altcoin that could outperform the market this quarter.<\/p>\n

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Will PYTH Hit $1 After Its Latest Price Spike?<\/h2>\n

Although Chainlink (LINK) still dominates the decentralized oracle network (DON) sector, which is comprised of Web3 projects that connect data feeds and off-chain computation services to blockchains and smart contracts, Pyth Network is one of Chainlink\u2019s closest competitors. In 2025, Pyth Network\u2019s DON market share has increased to 13%, while Chainlink remains ahead with 67%.<\/p>\n

This indicates that the PYTH token has a lot of potential upside \u2013 and it\u2019s also worth noting that PYTH\u2019s market cap is hovering at $1.1 billion after this week\u2019s 75% price surge, while LINK still has a market cap of almost $16 billion despite its value dipping in line with the majority of other cryptos.<\/p>\n

To assess the full impact of PYTH\u2019s latest move, it\u2019s best to examine the token\u2019s weekly price chart.<\/p>\n

\"PYTH<\/p>\n

Following an official announcement that Pyth Network will work with the US government to bring US economic data on-chain via Pyth oracles, the PYTH price exploded by 75%. Since the coin had been struggling since February to recover from its Q1 dip, PYTH is also up around 70% in August, and around 77% higher versus this time last week.<\/p>\n

As PYTH\u2019s weekly chart shows, this coin has a massive amount of room for more gains. It\u2019s still in a descending triangle chart pattern that formed last December (with bulls eyeing a breakout), and its Relative Strength Index (RSI) is far below overbought levels. $0.30 could be achievable by the end of 2025 \u2013 and $1 could follow next year if PYTH\u2019s bullish strength persists. This would equate to a 5x gain, meaning that PYTH could surge even further as it continues competing with Chainlink.<\/p>\n

That said, PYTH holders will need to exercise both caution and patience \u2013 and also remember that the broader market looks decidedly bearish right now. Therefore, the smartest investors are focusing on crypto wallet tokens like Best Wallet Token (BEST)<\/a> instead.<\/p>\n

Best Wallet Token Presale Breaks $15M Despite Market Dip<\/h2>\n

The concept of holding on for dear life (\u201cHODLing\u201d) is one of the Web3 space\u2019s most fundamental tenets. It\u2019s particularly important at points where the wider market turns from bullish to bearish, and traders and investors run the risk of panicking or prematurely declaring a \u201cbear market.\u201d In order to manage their emotions and protect their investments, crypto veterans usually prefer to store their coins in self-custody wallets like Best Wallet \u2013 a relative newcomer to the industry that already has over 500,000 users.<\/p>\n

Best Wallet has set itself apart by merging a beginner-friendly mobile app interface with cutting-edge security (including multi-party computation technology provided by Fireblocks) and a host of integrated extra features. While most wallets only allow users to send and receive crypto, Best Wallet includes its own DEX, dApp access, and even a crypto launchpad called \u201cUpcoming Tokens,\u201d where investors can join trending presales from carefully vetted Web3 projects.<\/p>\n

By holding Best Wallet Token (BEST)<\/a>, users can benefit from lower fees, better staking yields, early presale access, governance votes, and more. BEST is currently available for $0.025545 per token through its ongoing presale, which has raised over $15 million while garnering praise from top influencers like Web3Signal (145,000 subscribers).<\/p>\n