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PYTH Network may challenge Chainlink’s position in decentralized oracles

PYTH’s market cap shows promise: PYTH Network currently stands at a market cap of 1.79 billion USD, ranking 83rd among cryptocurrencies. Its PYTH token recently increased by 7% to 0.49 USD, indicating strong market interest.

Chainlink remains a strong competitor: While Chainlink leads with an 18.21 billion USD market cap at 13th position, PYTH’s HIGH-frequency data streaming could provide the competitive edge needed to challenge Chainlink’s dominance over time.

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