Cryptocurrency analyst names a token that has a chance to grow by 880%

A well-known cryptocurrency expert and anonymous host of InvestAnswers has published a new video on his YouTube channel. He talked about the prospects for the native token of the Pyth Network blockchain oracle network (PYTH).

According to InvestAnswers' forecast, PYTH has a chance to grow by 880% in 24 months. In his new video, the expert said that he modeled the price movement of Pyth Network. He carried out the analysis based on the share of the virtual asset’s market capitalization relative to its main competitor Chainlink (LINK).

According to the expert, PYTH can easily increase in value by 200% compared to the current price level. The analyst assured that PYTH’s capitalization share relative to Chainlink will definitely exceed 20% in 2025. «The bearish scenario assumes that the rate will reach $ 1.48 by 2025, while if the share is 30%, the quotes will soar to $ 2.78. If it approaches 50%, PYTH will rise to $ 5.16.» The analyst is confident that these are achievable goals.

In addition, in the video, InvestAnswers stated: «If the total supply of Chainlink (LINK) cryptocurrency reaches $ 27 billion to $ 28 billion, then the value of PYTH could reach $ 10.74.»

As of the time of writing, on November 26, PYTH is trading at $ 0.480. This figure is down 2.1% over the past 24 hours. The market capitalization of the digital token is $ 721 million, and the daily volume of transactions is $ 67.7 million.

As for Chainlink (LINK), the cryptocurrency is trading at $ 15.12. The market capitalization of LINK is $ 8.4 billion, and the daily trading volume is $ 428.5 million.