Newly Launched Solana-Based Altcoin Could Explode by More Than 880% in 24 Months, According to InvestAnswers

A broadly adopted crypto analyst is expressing bullish sentiment on the native token of a blockchain oracle community that launched its permissionless mainnet earlier this week.

In a brand new video, the nameless host of the InvestAnswers channel tells his 453,000 YouTube subscribers that he’s bullish on Pyth Community (PYTH) after modeling PYTH’s future worth primarily based on Pyth Community’s market cap share relative to its competitor Chainlink (LINK).

Based on the analyst, PYTH might surge by 188% from the present degree as its market cap share relative to Chainlink’s grows past 20%.

“The bear case is $1.48 by 2025 [when PYTH’s market cap share relative to Chainlink’s is 20%]. If it goes to 30% of Chainlink’s market cap, it might go to $2.78. If it goes to half of Chainlink’s market cap, it might go to $5.16… if PYTH goes to Chainlink’s market cap, which is technically possible, and Chainlink hits the Tremendous Bowl goal at $27-$28 billion, the worth of PYTH may very well be $10.74.

Or you possibly can take a mean of all of those, by the 12 months 2026, PYTH might hit $5.04. That’s why I’m bullish.”

PYTH is buying and selling at $0.514 at time of writing and must rise by round 880% to succeed in the InvestAnswers host’s worth goal. Chainlink’s market cap is at the moment just below $8 billion whereas Pyth Community’s sits at almost $813 million.

Based on the InvestAnswers host, whether or not or not PYTH’s worth targets will likely be achieved “all will depend on how Chainlink performs and the way Pyth competes”.

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