BIO (Bio Protocol) rose 14.46% in the last 24 hours.

Gate News Bot news, on August 12, according to CoinMarketCap data, as of the time of writing, BIO (Bio Protocol) is currently priced at $0.13, with a rise of 14.46% in the last 24 hours, reaching a high of $0.14 and a low of $0.06. The current market capitalization is approximately $215 million, an increase of $27.2 million compared to yesterday.

Bio Protocol is a new financial layer of DeSci (decentralized science) aimed at accelerating the commercialization of the best scientific achievements. This protocol allows anyone to fund, develop, and manage tokenized scientific innovations from universities, companies, and researchers around the world. The Bio ecosystem is driving biotechnology innovation by accelerating drug development through decentralized financing and coordination, shortening the development cycle from decades to months.

Important news regarding BIO recently:

1️⃣ Staking feature is popular, over 100 million BIO locked The staking function of the BIO Protocol quickly gained popularity among users after its launch on the Ethereum mainnet. As of August 8, over 100 million BIO have been locked in the staking contract. This high level of participation reflects investors' confidence in the BIO project, while also reducing the market circulation, which may provide support for the price.

2️⃣ Short-term prices have risen sharply, market capitalization has significantly increased BIO is showing a strong rise in the short term. On August 8, the price of BIO briefly broke through 0.1 dollars, with a 24-hour rise of 48.96%. This rise has increased BIO's market capitalization by about 49.4 million dollars in a single day, indicating that the market's positive expectations for the project are rapidly heating up.

3️⃣ Support from mainstream exchanges increases, liquidity is expected to rise On July 31, a well-known cryptocurrency exchange added support for Bio Protocol (BIO) on the Ethereum network. This move helps to enhance the liquidity and accessibility of BIO, creating conditions for more investors to participate, and may become an important factor in driving the rise of BIO prices.

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

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