OAX (OAX) 24-hour pump 9.48%

Gate News Bot news, on July 24, according to CoinMarketCap market data, as of the time of writing, OAX (OAX) is currently priced at $0.02, with a rise of 9.48% in the last 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $1.61 million, an increase of $139,100 compared to yesterday.

OAX Foundation is committed to developing and promoting a sustainable digital asset ecosystem. The foundation focuses on openness, trustlessness, and strong governance, believing that these are the foundations for the thriving of digital assets in today's complex and regulated financial world. The OAX project includes the Notifs application, OAX DeFi parachain features, Layer 2 protocols, etc., aimed at addressing issues such as scalability and dispute resolution in decentralized exchanges.

Recent important news about OAX:

1️⃣ Technical development continues to advance

OAX Foundation is actively developing scalability solutions for decentralized exchanges. Its parachain functionality and Layer 2 technology for the Polkadot network are continually being improved, aiming to address the main technical challenges faced by current decentralized exchanges. These advancements are expected to enhance OAX's competitiveness in the DeFi space and lay the foundation for future rise.

2️⃣ Notifs application features expansion

The Notifs application launched by OAX is undergoing a functional upgrade, providing users with more comprehensive tracking features for digital assets and Bitcoin spot ETFs. The continuous optimization of this tool helps attract more users' attention to the OAX ecosystem, potentially increasing its influence and user stickiness in the field of digital asset management.

3️⃣ Market performance continues to rise

The OAX token has seen a rise of 9.48% in the past 24 hours, continuing the previous day's pump of 6.23%. The market capitalization has accumulated a rise of approximately $228,200 over two days, indicating a significant improvement in investor sentiment in the short term. However, considering its relatively small market capitalization (around $1.61 million), price fluctuations may be quite severe.

From a technical perspective, OAX has recently shown a strong pump momentum, with significant rises for two consecutive days. On the fundamental side, the OAX Foundation continues to invest resources in technical development and product optimization, which may support its long-term development. However, due to its small market capitalization, investors still need to be cautious of potential high volatility.

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