EDEN (OpenEden) rose 13.70% in 24 hours

Gate News Bot news, on October 17, according to CoinMarketCap, as of the time of writing, EDEN (OpenEden) is currently priced at $0.18, having pumped 13.70% in the last 24 hours, reaching a high of $0.25 and a low of $0.07. The current market capitalization is approximately $329,000, an increase of $39,600 from yesterday.

OpenEden is dedicated to building a bridge to a new financial system by bringing real-world assets on-chain. Its mission is to unlock trillions of dollars in value by introducing real-world assets into DeFi. OpenEden is a regulated, world-class, and trustworthy platform.

Important news about EDEN recently:

1️⃣ Eden Network project announces closure The Eden Network project recently announced its closure. This decision has had a significant impact on the price of the EDEN token, leading to considerable market fluctuations. The sudden termination of the project has raised concerns among investors about the future development prospects of the EDEN token.

2️⃣ Rise in market attention With the news of the closure of the Eden Network project spreading, the attention on the EDEN token in the cryptocurrency market has surged sharply. This increase in attention may be one of the main reasons for the significant price volatility within 24 hours, rebounding from a low of $0.07 to a high of $0.25.

3️⃣ Investor sentiment is complex The closure of the Eden Network project has triggered a complex change in investor sentiment. On one hand, some investors may choose to sell their EDEN tokens, leading to a price drop; on the other hand, short-term speculators may seize the opportunity to enter the market, causing a price rebound. This intertwining of sentiments may be an important factor causing significant fluctuations in the price of EDEN tokens.

From a technical perspective, the price of EDEN tokens has experienced significant fluctuations in the short term, demonstrating a high degree of instability. On the fundamental side, the project's closure poses a major challenge to the long-term value of EDEN tokens, and investors need to closely monitor subsequent developments.

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