BIO (Bio Protocol) rose 48.96% in the last 24 hours.

Gate News Bot news, on August 08, according to CoinMarketCap data, as of the time of writing, BIO (Bio Protocol) is currently priced at 0.09 USD, with a 48.96% pump in the last 24 hours, reaching a high of 0.10 USD and a low of 0.05 USD. The current market capitalization is approximately 150 million USD, an increase of 49.4 million USD compared to yesterday.

Bio Protocol is the 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. Bio Protocol supports promising research through low capital fundraising and rises with community attention and scientific progress.

Important news about BIO recently:

1️⃣ Bio Protocol launches V1 upgrade, enhancing DeSci research capabilities Bio Protocol recently released the V1 upgrade, aiming to further support decentralized science (DeSci) research and enhance the utility of the BIO token. This significant upgrade will provide stronger support for research projects, with the potential to attract more researchers and investors to participate in the BIO ecosystem.

2️⃣ The DeSci field has broad development prospects, and BIO may become a major beneficiary Decentralized Science (DeSci) is an emerging field that is attracting increasing attention. As the new financial layer of DeSci, Bio Protocol is expected to occupy an important position in this area. With the popularization of the DeSci concept and the expansion of application scenarios, the value and demand for the BIO token may further increase.

3️⃣ The utility of BIO tokens is enhanced, which may drive the price rise As the Bio Protocol ecosystem continues to improve and the application scenarios expand, the utility of the BIO token is increasing. This not only includes financing support for scientific research projects but also involves governance and incentive mechanisms within the ecosystem. The enhancement of token utility may become an important factor driving the rise in BIO prices.

From a technical perspective, BIO has shown a strong pump recently, with a 24-hour rise of nearly 50%, indicating positive market expectations for the project. However, investors should remain cautious of the high volatility in the cryptocurrency market and carefully assess investment risks.

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