INIT (Initia) rose 16.75% in the last 24 hours.

Gate News Bot news, August 13th, according to CoinMarketCap data, as of the time of writing, INIT (Initia) is currently priced at $0.50, a rise of 16.75% in the last 24 hours, with a high of $0.50 and a low of $0.40. The current market capitalization is approximately $80.6 million, an increase of $1.16 million from yesterday.

Initia is a multi-chain ecosystem designed to integrate full-stack applications and unlock value through interconnected infrastructure and coordinated economic models. The platform offers an environment called "Eden" where developers can build applications that users can start using. Initia's goal is to achieve multi-chain interoperability through its intertwined stack and intertwined economy.

INIT recent important news:

1️⃣ One of the mainstream CEXs announces the listing of INIT and launches a large prize pool event One of the mainstream CEXs announces the upcoming listing of the Initia (INIT) token. To celebrate this listing, MEXC has launched a prize pool event totaling up to 115,000 INIT and 50,000 USDT. This news is expected to enhance the liquidity and market attention of INIT, providing important support for its recent price rise.

2️⃣ Initia airdrop and listing date attract market attention The token airdrop and listing plan of the Initia project has sparked widespread discussion in the cryptocurrency community. Investors have shown strong interest in the initial price of the INIT token, and this anticipation may become a factor driving its price rise. However, specific details about the airdrop and listing have not yet been announced, and the market is still closely watching for further official announcements.

3️⃣ Multi-chain ecosystem strategy attracts developer attention Initia, as a platform dedicated to achieving multi-chain interoperability, provides developers with new opportunities to build and deploy applications in its "Eden" environment. This unique ecosystem design is attracting more and more developers' attention and is expected to drive the practical application and value rise of the platform in the future.

From a technical perspective, the price of INIT has shown a significant rise trend in the past 24 hours, breaking through the key resistance level of 0.50 USD. This breakout may attract more investors' interest, but it is also necessary to be wary of potential short-term pullbacks.

This message is not an investment advice, and investors should be aware of market volatility risks.