BIO (Bio Protocol) rose 40.47% in the last 24 hours.

Gate News Bot news, on October 20, according to CoinMarketCap data, as of the time of writing, BIO (Bio Protocol) is currently priced at $0.11, with a rise of 40.47% in the last 24 hours, reaching a high of $0.12 and a low of $0.08. The current market capitalization is approximately $198 million, an increase of $57.1 million compared to yesterday.

Bio Protocol is a new financial layer of DeSci, aimed at commercializing the best science faster. This protocol allows anyone to fund, develop, and manage tokenized scientific innovations from universities, companies, and researchers around the world. Bio Protocol is built on the growing decentralized science ( DeSci ) project ecosystem, driving innovation in specialized treatment fields.

Important news about BIO recently:

1️⃣ Gained support from well-known investors and successfully raised funds Bio Protocol recently completed an important round of financing, which included participation from the well-known cryptocurrency trader Arthur Hayes' Maelstrom Fund. This demonstrates the recognition of the Bio Protocol project by key figures in the industry and could be one of the important factors driving the rise in the price of the BIO token.

2️⃣ The DeSci field continues to receive attention Decentralized Science (DeSci) is gaining increasing attention as an emerging field. Bio Protocol, as the new financial layer of DeSci, is becoming increasingly significant. The project is committed to accelerating the commercialization of scientific innovation, which is of great importance against the backdrop of current technological development.

3️⃣ Discussion on DAO Governance Model Bio Protocol adopts a DAO (Decentralized Autonomous Organization) governance model, an innovative organizational form that has sparked widespread discussion in the field of scientific research. The DAO model may bring new possibilities for project management and funding allocation in scientific research, increasing the attractiveness of projects.

From a technical perspective, the price of the BIO token has broken through previous resistance levels, with trading volume significantly increasing, indicating strong pump momentum. However, investors should remain vigilant of the potential correction risks that may arise after a rapid rise.

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