Crypto:
29757
Bitcoin:
$67.152
% 0.35
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.152
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

BenQi Experiences Surge in Value, Reaching Historic Highs

BenQi

Crypto markets recently witnessed a rare event. BenQi, the rising star of the DeFi world, soared like a rocket in just three days, astonishing investors and market analysts. In this short period, BenQi’s token, QI, skyrocketed from low levels to its peak, signaling a new era in the DeFi sector.

The Rise of BenQi: A New Perspective on Market Dynamics

BenQi operates on the Avalanche C-Chain (Contract: 0x8729…76C0F5) and represents a bundle of various DeFi protocols. BenQi Markets enable users to easily and securely lend, borrow, and earn interest on their digital assets. The protocol’s permissionless nature provides instant liquidity provisioning and withdrawal, along with transparency in real-time interest rates.

It May Attract Your Attention: $335 Million Liquidation in Bitcoin and ETH!

Moreover, BenQi’s Liquid Staking is a unique feature that allows users to tokenize AVAX and use assets to earn returns in the DeFi ecosystem, trade, or use them as collateral. The Ignite protocol, part of BenQi, is designed to support Avalanche validators and subnets for a broad range of users, from institutions to individual developers.

Analysis of the Sudden Rise: Notable Details

  • Starting Price: 3 days ago $0.009282
  • Peak Price: $0.037502
  • Percentage Increase: Approximately 304%

This surge has sparked significant interest among investors and analysts, who are analyzing BenQi’s short-term price performance and market reactions.

Current Market Statistics:

Current Price: $0.02721 (Up by 98.58% in the last 24 hours)

Market Cap: $114,952,958 (Up by 129.40% in the last 24 hours)

24-Hour Trading Volume: $229,910,356 (Ranked 50th, Up by 648.70%)

Market Cap/Volume Ratio (24h): 181.05%

Circulating Supply: 4,224,854,968 QI (58.68% of total supply)

Total Supply: 7,200,000,000 QI Maximum Supply: 7,200,000,000

QI Fully Diluted Market Cap: $216,426,058

The surge in BenQi’s value raises questions about its future trajectory and potential impacts on the overall DeFi market. Investors and cryptocurrency enthusiasts will closely monitor BenQi’s performance in the coming days to understand whether this trend is a temporary increase or a sign of long-term growth.

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