RIVER (River) has pumped 20.47% in the last 24 hours.

Gate News Bot message, on October 21, according to CoinMarketCap data, RIVER (River) is currently priced at $4.20, with a 20.47% pump in the last 24 hours, reaching a high of $5.48 and a low of $2.45, with a 24-hour volume of $29.8 million. The current market capitalization is approximately $82.4 million, an increase of about $14 million compared to yesterday. RIVER is currently ranked 360th in global Crypto Assets market capitalization.

RIVER recent important news:

1️⃣ Dynamic Airdrop Conversion mechanism successfully implemented 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 mechanism aims to enhance the fairness and participation of token distribution, injecting vitality into the RIVER ecosystem.

2️⃣ River Pts conversion demand is strong As of now, approximately 11 million River Pts have been successfully converted into 10,755 RIVER coins. This data indicates that the community has a high recognition of RIVER coins, and the conversion demand is strong, which may be one of the important factors driving the rise in RIVER prices.

3️⃣ River Pts value steadily increases 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, which is 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.

From a technical perspective, RIVER has shown a significant rise in the past 24 hours, with considerable price volatility, indicating that market attention on this token is increasing. However, investors still need to closely monitor market changes and assess potential risks.

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