ID (SPACE ID) rose 10.36% in 24 hours

Gate News Bot message, on August 29, according to CoinMarketCap, as of the time of writing, ID (SPACE ID) is currently priced at 0.18 USD, with a pump of 10.36% in the last 24 hours, reaching a high of 0.20 USD and a low of 0.15 USD. The current market capitalization is approximately 197 million USD, an increase of 18.5 million USD compared to yesterday.

ID (SPACE ID) recent important news:

1️⃣ Frequent activities in the Web3 field drive the rise of related tokens Recently, the activity level in the Web3 field has increased, with multiple projects hosting large events to enhance brand influence. This industry trend may indirectly drive the attention towards Web3 infrastructure projects such as SPACE ID, thereby promoting the rise in their token prices.

2️⃣ Increased Demand for Decentralized Identity Solutions With the emergence of more Web3 applications, the demand for decentralized identity and domain services among users is continually increasing. SPACE ID, as a project providing such solutions, may benefit from this, driving up the value of its tokens.

3️⃣ The cross-chain ecosystem is developing rapidly Cross-chain protocols and related projects have recently shown active performance, with trading volumes and locked amounts significantly rising across multiple platforms. As a Web3 identity and domain service provider, SPACE ID’s application prospects in the cross-chain scenario may gain market recognition, promoting a rise in its token price.

From a technical perspective, the ID has broken through the $0.18 mark, showing strong pump momentum. However, given the high volatility of the cryptocurrency market, investors should remain cautious of potential short-term pullback risks.

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