RIVER (River) rose 3.47% in the last 24 hours.

Gate News Bot news, on November 4th, according to CoinMarketCap data, RIVER is currently priced at $7.91, with a rise of 3.47% in the past 24 hours, reaching a high of $8.78 and a low of $6.90. The 24-hour volume is $18.5 million. The current market capitalization is approximately $155 million, an increase of $5.19 million from yesterday.

Important news about RIVER recently:

1️⃣ River Pts public offering is booming, subscription volume exceeds expectations The River Pts public auction launched by River on the evening of October 29 sold out in just 2.5 hours, far quicker than the originally scheduled 48-hour auction period. The 50 million River Pts attracted subscriptions of 2,908 BNB (approximately $3.2 million), with the final transaction price at 0.0000447 BNB each (around $0.048). This explosive subscription situation reflects the market's high attention and confidence in the River project, providing strong support for the price of the RIVER token.

2️⃣ River Pts secondary market performance is strong After the auction ended, the price of River Pts on the decentralized exchange (DEX) saw a significant rise of 40%, increasing from $0.034 to $0.048. In the short term, the volume exceeded $2.2 million, indicating a high enthusiasm from investors for the River ecosystem. This positive market response indirectly drove up the price of the RIVER token, reflecting the market's recognition of the overall value of the River project.

3️⃣ RIVER token price volatility increases With the success of the River Pts auction and the rise in its price, the price of the RIVER token has also shown significant fluctuations. At the end of the auction, the RIVER price once surged to $8.3, demonstrating the continued heat in the market. However, recently the RIVER price has experienced a certain degree of retracement, reflecting the rapid changes in investor sentiment and the pressure of profit-taking in the short term, which also explains the current 3.47% rise in the 24-hour period.

From a technical perspective, RIVER has experienced significant price fluctuations in the past few days, ranging from a low of $6.52 to a high of $10.25. This substantial price movement indicates that market interest in the token is rapidly increasing, but it also reflects high speculation and potential risks. Investors should closely monitor market changes and cautiously assess investment risks.

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