$INIT
Initia (INIT) is trading around $0.86, marking a 4.2% gain in the last 24 hours. The token has moved between a low of $0.83 and a high of $0.92 today. With 148.75 million INIT in circulation and a maximum supply of 1 billion, the project currently boasts a market cap of approximately $128 million.
INIT has been on an upward trajectory, inching closer to its all-time high of $0.96, recorded on April 25, 2025. The increasing volume signals growing market interest. However, the Relative Strength Index (RSI) indicates that INIT may be nearing overbought levels, suggesting a possible short-term correction or sideways movement.
Recent listings on major platforms like Binance and Gate.io have helped boost visibility and momentum. Investor enthusiasm is also being driven by anticipation around the upcoming mainnet launch and the rollout of Initia’s cross-linked Layer 2 infrastructure in Q2 2025. Still, it’s important to note that the current valuation leans more on future expectations than present utility, as the core network is still in development.
Short-Term Outlook: INIT’s price action offers opportunities for active traders, but caution is advised due to potential short-term reversals if overbought conditions persist.
Long-Term Outlook: Long-term investors should keep an eye on the success of Initia’s mainnet and how well its Layer 2 technology is adopted, as these factors will likely play a major role in the token’s sustainability and growth.
Disclaimer:
Always perform your own research before making any investment.