AIN (Infinity Ground) rose 90.24% in the last 24 hours.

Gate News Bot news, July 11, according to CoinMarketCap, as of the time of writing, AIN (Infinity Ground) is currently priced at $0.18, with a rise of 90.24% in the last 24 hours, reaching a high of $0.19 and a low of $0.03. The 24-hour trading volume has reached $132 million. The current market capitalization is approximately $33.8 million, an increase of $16 million compared to yesterday.

Infinity Ground is a development platform based on Web3 and AI technology, designed to enable developers to build applications faster and more easily. The platform provides a Web3-native proxy IDE that allows users to create various applications, games, AI stories, and smart contracts simply by describing their ideas, without the need for coding, whether starting from scratch or adapting existing templates. Infinity Ground's goal is to empower developers through the combination of AI and Web3, enabling everyone to become a creator.

Important news about AIN recently:

1️⃣ Gate platform expands AIN trading features On July 7, the Gate platform added AIN as a borrowable asset for leveraged trading, supporting the AIN/USDT trading pair. Subsequently, on July 5 at 18:05 (UTC+8), Gate launched perpetual contract trading for AIN, using USDT for settlement and supporting leverage of 1-20 times. These measures significantly expanded the trading options for AIN, providing investors with more flexible trading strategies, which may have facilitated an increase in volume and a rise in price.

2️⃣ Public Chain Trading Competition Launched From July 10th 16:00 (UTC) to July 24th 16:00 (UTC), major public chains will hold a trading competition, where AIN is one of the participating tokens. Participants can trade AIN to win exclusive token rewards, with a total prize pool of up to 3 million USD. This event is expected to attract more investors' attention and participation in AIN trading, potentially driving its price and volume rise.

3️⃣ AIN Perpetual Contract Launch Expectations On July 11 at 7:15 (UTC), the AIN perpetual contract will be launched on more platforms, supporting up to 50x leverage. This move will provide AIN with more trading tools and liquidity, which may further stimulate market demand and affect price trends.

From a technical perspective, the price of AIN has significantly risen from $0.03 to $0.18 in a short period, with an increase of 500%, indicating strong upward momentum. However, investors should be cautious of the potential correction risk that may occur after such a rapid rise.

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