Gate News Bot news, on November 13th, according to CoinMarketCap data, ALLO (Allora) is currently priced at $0.29, having fallen by 39.35% in the last 24 hours, with a high of $1.70 and a low of $0.28. The 24-hour volume reached $459 million. The current market capitalization is approximately $57.2 million, a decrease of about $37.1341 million compared to yesterday.
Recent important news about ALLO:
1️⃣ The temporary adjustment of the listing time has caused market fluctuations
The Allora (ALLO) project was originally scheduled to launch on November 11, 2025, at 21:00 (GMT+8), but has been temporarily postponed by 1 hour to 22:00. This sudden change may have raised market concerns about the stability of the project, affecting investor confidence and triggering significant price fluctuations.
2️⃣ The price fluctuated dramatically on the first day of listing
ALLO experienced significant price volatility on its first day of listing, rapidly dropping from a high of $1.70. Such drastic price movements reflect a considerable divergence in market valuation of the project and may also indicate that a large number of investors chose to cash out quickly in the early stages of the listing.
3️⃣ Volume surges but selling pressure persists
Despite the continuous rise in ALLO's volume over the past 24 hours, reaching $459 million, indicating a high level of market activity, the price still fell significantly, and the market capitalization continued to shrink. This situation suggests that the selling pressure far exceeds the buying demand, which may be related to the project's fundamentals or market sentiment.
From a technical perspective, the price of ALLO is currently at a low since its listing and may face continued downside risk in the short term. However, as the second hottest cryptocurrency, ALLO continues to attract considerable attention from investors, and its future trend is worth ongoing observation.
This message is not an investment advice; investors should be aware of market volatility risks.
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