BIO (Bio Protocol) has risen 31.53% in the last 24 hours.

Gate News Bot news, on August 18, according to CoinMarketCap, as of the time of this report, BIO (Bio Protocol) is currently priced at $0.13, with a rise of 31.53% in the last 24 hours, reaching a high of $0.15 and a low of $0.10. The current market capitalization is approximately $220 million, an increase of $52.7 million compared to yesterday.

Bio Protocol is a new financial layer in the DeSci (decentralized science) field, aimed at accelerating the commercialization of high-quality scientific projects. The protocol allows anyone to fund, develop, and manage tokenized scientific innovations from global universities, companies, and researchers. Bio Protocol supports promising research projects through low-cap crowdfunding sales and rises as community interest and scientific progress increase.

Important recent news about BIO:

1️⃣ Staking feature is highly popular, with locked assets exceeding 100 million coins After the launch of the staking feature on the Ethereum mainnet, BIO Protocol quickly gained favor among users. As of August 8, over 100 million BIO have been locked in the staking contracts. This high level of participation not only reflects investors' confidence in the BIO project but also significantly reduces the market circulation, providing strong support for the price.

2️⃣ Short-term prices have risen sharply, and market capitalization has increased significantly BIO has recently shown a strong pump momentum. On August 8, the price of BIO once broke through 0.1 dollars, with a 24-hour rise of up to 48.96%. This round of rise has increased BIO's market capitalization by about 49.4 million dollars in a single day, highlighting the market's positive expectations for the project are rapidly heating up.

3️⃣ Mainstream exchanges support increases, liquidity enhances On July 31, a well-known cryptocurrency exchange added support for Bio Protocol (BIO) on the Ethereum network. This move helps to improve the liquidity and accessibility of BIO, creating conditions for more investors to participate and becoming one of the important factors driving the rise in BIO prices.

From a technical perspective, BIO has recently shown strong pump momentum, maintaining an upward trend for several consecutive days. However, investors should remain vigilant about the high volatility of the cryptocurrency market, especially after a significant rise in the short term, as it may face a risk of correction.

This message is not intended as investment advice; investors should be aware of market volatility risks.