The INITIA (INIT) currency is a new and innovative blockchain project that combines the security of Layer 1 🛡️ and the scalability of Layer 2 ⚡, with advanced support for developing custom application chains (App Chains) using tools like Cosmos SDK 🌌, MoveVM 🔁, WasmVM ⚙️, and EVM 🧠.
The current price of the currency is about $0.704 💵, with a market capitalization of $104.8 million 💰, and a daily trading volume exceeding $620 million 📊, while the circulating supply is 148.75 million INIT out of a billion 🧮.
The currency recorded its highest price of $0.758 🔺 and lowest price of $0.599 🔻 on April 24, 2025.
Features of INITIA ✨
Supported by major institutions like Binance Labs and Delphi Digital 🏛️
Used for transaction fees, governance, and staking 🗳️
Successful launch on Binance Launchpool with 3% of the supply allocated for farming 🌾
Listed on major platforms like Binance, Bitget, and DigiFinex 📈
Technical and Market Analysis 🔍
The launch of INIT-PERP contracts on Coinbase on April 24, 2025 attracted the attention of traders 💹
RSI and MACD indicators showed bullish signals 📈
Active addresses on the network increased from 15,000 to 22,000 in just two hours ⏱️
Risks to be aware of ⚠️
Strong price volatility 🔄
An additional approximately 2.51 million INIT expected to be issued on May 24, 2025 📆
Low Mkt Cap/FDV ratio (0.15), indicating potential supply inflation 📉