JOE (JOE) 24-hour pump 8.66%

Gate News Bot news, on September 18, according to CoinMarketCap data, as of the time of writing, JOE (JOE) is currently priced at $0.19, with an 8.66% rise in the last 24 hours, reaching a high of $0.19 and a low of $0.16. The current market capitalization is approximately $77.1 million, an increase of $6.14 million compared to yesterday.

JOE is the native token of the Trader Joe exchange, which is a leading decentralized exchange on Avalanche(DEX) and automated market maker(AMM).

Important news about JOE recently:

1️⃣ The development of the Ethereum ecosystem may drive the rise of JOE prices Ethereum co-founder Joe Lubin-supported Ethereum treasury company Sharplink plans to sell an additional $200 million in stock to purchase ETH. This move demonstrates confidence in the Ethereum ecosystem and may indirectly boost market sentiment for DeFi tokens, including JOE.

2️⃣ The market's attention on the JOE token has risen Multiple mainstream cryptocurrency data platforms and news media have recently updated the price index of JOE and related reports, reflecting the market's ongoing attention to the JOE token. This increase in attention may have contributed to the short-term price performance of JOE.

3️⃣ Potential Rise of the Avalanche Ecosystem As the native token of the leading DEX on Avalanche, the price performance of JOE is closely related to the development of the Avalanche ecosystem. The potential growth of recent Avalanche network activities may bring good news for JOE.

From a technical perspective, JOE has shown strong upward momentum after breaking through the key resistance level of $0.16, and may continue to test the $0.20 integer level in the short term. However, investors still need to closely monitor the overall trends of the cryptocurrency market, as well as the developments within the Avalanche ecosystem.

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