TOWN (Alt.town) rose 254.85% in 24 hours

Gate News Bot news, September 29, according to CoinMarketCap, as of the time of this report, TOWN (Alt.town) is currently priced at $0.0075, with a rise of 254.85% in the last 24 hours, reaching a high of $0.0087 and a low of $0.002. The current market capitalization is approximately $3.41 million, an increase of $2.45 million compared to yesterday.

Alt.town is the world's first virtual celebrity value tokenization trading platform. Virtual celebrities joining Alt.town, such as VTubers, virtual influencers, and virtual idols, will issue a digital asset called DNA, tokenizing its value. Users can purchase their favorite virtual celebrities' DNA to support its value rise. The platform aims to help virtual celebrities expand their business models through IP and content, and users can view the hottest virtual celebrities globally in real-time.

Important news about TOWN recently:

1️⃣ TOWNS, supported by A16z, launches on-chain platform The project TOWNS, supported by venture capital giant A16z, officially launched its on-chain platform, setting a new standard for digital communication. This significant development marks a substantial expansion of the TOWN ecosystem, which is expected to attract more attention from users and investors.

2️⃣ The virtual celebrity economy continues to rise With the continued popularity of VTubers and virtual idols globally, Alt.town, as a platform focused on the tokenization of virtual celebrity value, is witnessing a rise in its importance and potential market scale. This trend provides strong support for the demand and value of the TOWN token.

3️⃣ Market interest in new types of digital asset categories rises As an innovative category of digital assets, virtual celebrity DNA tokens are attracting increasing attention from investors. The unique business model and value proposition of the Alt.town platform stand out particularly in the current market environment, driving the price rise of TOWN tokens.

From a technical perspective, the TOWN token has experienced a significant price breakthrough in the short term, with a surge in trading volume, indicating that market recognition of the project is rapidly increasing. However, investors should remain cautious of the potential pullback risks that may arise after such a substantial rise.

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