Why is the SPACE ID (ID) Token Price Up Today?
The SPACE ID $ID token has experienced a notable 28.25% increase in price over the last 24 hours, now priced at $0.09004. This surge can be attributed to the strong market performance, with a market cap of $115.57M and a 24-hour trading volume of $117.37M, marking a 1198.77% rise in liquidity. The increase in trading volume indicates that the market is actively engaging with the token, signaling high investor interest.
The Fully Diluted Valuation (FDV) of $180.07M suggests that there is room for potential growth as more investors gain confidence in SPACE ID’s ecosystem. Additionally, the volume-to-market cap ratio of 100.48% further emphasizes the token’s liquidity and market engagement.
SPACE ID currently has 95.36K holders, with a circulating supply of 1.28 billion ID tokens out of a total supply of 1.99 billion and a max supply of 2 billion tokens. This limited supply, combined with growing demand, has contributed to the token’s price increase. The surge reflects the market’s growing interest in the project, its platform, and its expanding use cases, indicating a promising outlook for SPACE ID in the future.
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