DOLO (Dolomite) rose 9.66% in 24 hours

Gate News Bot news, on August 29, according to CoinMarketCap data, as of the time of writing, DOLO (Dolomite) is currently priced at $0.23, with a rise of 9.66% in the last 24 hours, reaching a high of $0.32 and a low of $0.19. The 24-hour volume is $15.6 million. The current market capitalization is approximately $61.6 million, an increase of $5.43 million compared to yesterday.

Recent Important News about DOLO:

1️⃣ Gate exchange adds DOLO trading pair Gate exchange will launch the DOLO/USDT trading pair on August 28 at 18:00, providing a new trading channel for DOLO. As a decentralized currency market and trading protocol, Dolomite's move is expected to enhance its liquidity and market exposure, supporting the rise in price.

2️⃣ Airdrop activities stimulate market demand The recently launched DOLO trading challenge has a total prize pool of up to 4 million DOLO tokens. This large-scale incentive program is expected to attract more traders to participate, increase short-term volume and buying demand, and is one of the important factors driving the rise in DOLO prices.

3️⃣ Project background attracts investor attention The Dolomite project has personnel connections with World Liberty Financial, as its co-founder Corey Caplan also serves as the CTO of World Liberty Financial. This background information may enhance investors' confidence in the strength of the project team, indirectly supporting the market performance of DOLO.

From a technical perspective, DOLO has shown significant volatility in the past 24 hours, with a price range between $0.19 and $0.32. The current price level of $0.23 indicates some upward momentum, but it is still below the intraday high, and investors need to closely monitor the stability of subsequent trends.

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