RIVER (River) has pumped 15.88% in the last 24 hours.

Gate News Bot news, on October 24th, according to CoinMarketCap data, as of the time of publication, RIVER (River) is currently priced at 9.85 USD, with a rise of 15.88% in the last 24 hours, reaching a high of 10.18 USD and a low of 2.72 USD. The current market capitalization is approximately 193 million USD, an increase of 26.5 million USD compared to yesterday.

Important news about RIVER recently:

1️⃣ Dynamic Airdrop Conversion mechanism promotes user participation The Dynamic Airdrop Conversion mechanism launched by the River project is synchronized with the TGE, allowing over 100,000 addresses to qualify for receiving River Pts. This innovative mechanism aims to enhance the fairness and participation of token distribution, injecting vitality into the RIVER ecosystem, helping to expand the user base, and increasing community engagement. The successful implementation of this mechanism provides strong support for the continuous rise in RIVER prices.

2️⃣ River Pts conversion demand remains strong As of now, approximately 11 million River Pts have been successfully converted into 10,755 RIVER tokens. This data indicates a high level of community recognition for the RIVER token and strong demand for conversion. A large number of River Pts holders have chosen to convert their points into RIVER tokens, reflecting the market's confidence in the RIVER project, which is one of the important factors driving the continuous rise of the RIVER price recently.

3️⃣ River Pts value steadily rises On the 25th day after the TGE, the trading value of 1 million River Pts has approached the theoretical conversion value on the 35th day, approximately $13,000. This phenomenon reflects the market's positive expectations for the future value of the RIVER token, while also indicating that River Pts holders are motivated to continue holding or converting to RIVER tokens, providing continuous support for the RIVER price and driving its market capitalization to rise significantly in a short period.

From a technical perspective, RIVER has seen a significant rise in the past few days, with a price fluctuation ranging from a low of 2.72 dollars to a high of 10.18 dollars. This dramatic price volatility indicates that market attention towards the token is rapidly increasing, but it also signifies potential high risks. Investors should closely monitor market changes and carefully assess investment risks.

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