$INIT has made a strong comeback, breaking through 0.80. If it can hold above 0.8 this time, it is very likely to surpass the previous high and reach 1.15.

If you ask why it is so aggressive?

It is related to U.S. policies. On April 25, the Federal Reserve announced the repeal of the 2022 restrictive regulations on the cryptocurrency industry, allowing financial institutions to participate in the crypto market more freely. This directly drives capital inflow.

On April 29, a bill was passed allowing state treasuries to invest up to 10% of public funds in Bitcoin and other crypto assets, with Missouri and Texas following up to discuss similar policies. Init is definitely the biggest beneficiary.