U.S. Government Backs Pyth, But Can It Outpace Dilution and Reach $2?

The recent developments surrounding the Pyth Network (PYTH) have reignited discussions among investors and analysts about its price trajectory, particularly whether the token could reach $2 in the near term. As of September 2025, PYTH trades at approximately $0.164, having experienced a significant intramonth rally in late August, where it surged from a low of $0.1085 to a monthly high of $0.2489. This 130% increase attracted attention from traders, prompting speculation about whether this was a short-term correction or the beginning of a broader bullish trend [1].

The broader context for Pyth Network’s price movement includes recent high-profile collaborations. In early September 2025, the U.S. Department of Commerce partnered with Pyth Network and Chainlink to publish key economic data, including GDP and PCE (Personal Consumption Expenditures) figures, directly on blockchain networks such as Bitcoin, Ethereum, Solana, and Avalanche [2]. This initiative, which aims to enhance the transparency and accessibility of macroeconomic data, has elevated the token’s profile. Following the announcement, PYTH surged over 94%, reaching a five-month high of $0.22 [3].

Analysts have offered mixed forecasts for PYTH’s price in the coming years. Short-term projections suggest a wide range of outcomes. DigitalCoinPrice estimates a 2025 price range of $0.14 to $0.37, while Telegaon analysts predict an even more bullish scenario, with a high of $3.05 [1]. Looking further ahead, long-term forecasts vary widely, with some analysts anticipating PYTH could reach as high as $16.25 by 2030 and potentially $100 or more by 2040 [1]. However, these predictions are not without caution. Jacob Bury of Cryptonomist.ch warns that growing supply dilution—PYTH’s circulating supply has increased by 43% since early 2025—could limit the token’s ability to regain past price levels unless demand grows proportionally [1].

From a technical standpoint, the token remains under bearish pressure. As of early September, PYTH’s RSI is neutral at 46.8, but the Stochastic RSI and MACD indicators both suggest downward momentum. The token is currently trading around $0.16–$0.17, with critical support levels at $0.109–$0.112 and key resistance around $0.254–$0.256 [1]. Institutional involvement has increased, as evidenced by a sharp 9,836% spike in trading volume following the U.S. government’s onchain GDP announcement [2]. This suggests PYTH is gaining traction beyond retail speculation.

Ultimately, the price of PYTH depends on a confluence of factors, including continued adoption by DeFi platforms, macroeconomic conditions, and the pace of new integrations. The recent collaboration with the U.S. Department of Commerce highlights Pyth’s growing institutional credibility and may serve as a catalyst for broader adoption. As a decentralized oracle network, Pyth’s unique value proposition lies in its direct data aggregation from trusted sources, including trading firms and financial institutions, which distinguishes it from competitors like Chainlink [1]. If the ecosystem continues to expand and the token’s utility increases, PYTH could potentially justify a higher price target, even approaching $2, depending on market conditions and demand dynamics.

Source:

[1] Pyth Network Price Prediction: Is PYTH a Good Investment? (https://stealthex.io/blog/pyth-network-price-prediction-is-pyth-a-good-investment/)

[2] Chainlink and Pyth chosen to bring US statistics on the blockchain (https://www.cointribune.com/en/chainlink-and-pyth-chosen-to-bring-us-statistics-on-the-blockchain/)

[3] U.S. Government Partners With Chainlink, Pyth and Kraken to Publish Economic Data Onchain (https://unchainedcrypto.com/u-s-government-partners-with-chainlink-pyth-and-kraken-to-publish-economic-data-onchain/)