The INITIA (INIT) currency is a new and innovative blockchain project that combines the security of Layer 1 ๐ก๏ธ and the scalability of Layer 2 โก, with advanced support for developing custom application chains (App Chains) using tools like Cosmos SDK ๐, MoveVM ๐, WasmVM โ๏ธ, and EVM ๐ง .
The current price of the currency is about $0.704 ๐ต, with a market capitalization of $104.8 million ๐ฐ, and a daily trading volume exceeding $620 million ๐, while the circulating supply is 148.75 million INIT out of a billion ๐งฎ.
The currency recorded its highest price of $0.758 ๐บ and lowest price of $0.599 ๐ป on April 24, 2025.
Features of INITIA โจ
Supported by major institutions like Binance Labs and Delphi Digital ๐๏ธ
Used for transaction fees, governance, and staking ๐ณ๏ธ
Successful launch on Binance Launchpool with 3% of the supply allocated for farming ๐พ
Listed on major platforms like Binance, Bitget, and DigiFinex ๐
Technical and Market Analysis ๐
The launch of INIT-PERP contracts on Coinbase on April 24, 2025 attracted the attention of traders ๐น
RSI and MACD indicators showed bullish signals ๐
Active addresses on the network increased from 15,000 to 22,000 in just two hours โฑ๏ธ
Risks to be aware of โ ๏ธ
Strong price volatility ๐
An additional approximately 2.51 million INIT expected to be issued on May 24, 2025 ๐
Low Mkt Cap/FDV ratio (0.15), indicating potential supply inflation ๐