$INIT (INIT) token is currently trading at $0.1008, with a 24-hour trading volume of $23.36 million. The token has seen a slight decline of 0.56% in the last 24 hours, but it's still up 4.75% today ¹ ².
*Key Highlights:*
- *Market Cap*: $17.69 million
- *Circulating Supply*: 175.54 million INIT
- *Total Supply*: 1 billion INIT
- *24-hour High*: $0.11
- *24-hour Low*: $0.1
*Technical Analysis:*
The INIT token is showing signs of a falling wedge pattern, indicating a potential bullish reversal. Analysts suggest that a breakout above the trendline could lead to a significant upside move ³.
*Recent News:*
Initia has been gaining attention due to its innovative modular blockchain ecosystem, which integrates Layer 1 and Layer 2 rollups. The token has also been listed on major exchanges, including Bitget ⁴ ¹.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. It's essential to do your own research and consider multiple sources before making any investment decisions.
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