IRON (Iron Fish) rose 87.89% in the last 24 hours.

Gate News Bot news, October 22, according to CoinMarketCap data, as of the time of writing, IRON (Iron Fish) is currently priced at 0.40 USD, with a pump of 87.89% in the last 24 hours, reaching a high of 0.73 USD and a low of 0.20 USD, with a 24-hour volume of 3.3 million USD. Current market capitalization data is unavailable.

Iron Fish is a zero-knowledge Layer-1 blockchain that provides optional privacy for assets on a transparent chain. It supports multi-asset transactions, meaning that any cryptocurrency asset can be imported into the Iron Fish network for private transactions with the support of bridging providers. The tokenomics of Iron Fish is designed to promote community participation and secure the network, with a capped token supply and strategic distribution to reward early contributors.

Important recent news about IRON:

1️⃣ Base acquires the Iron Fish team to advance privacy protection technology The Base blockchain platform has acquired the team of Iron Fish, aiming to develop privacy-preserving primitives. This strategic move reflects the ongoing demand for privacy technology in the market and may boost investor confidence in the Iron Fish project and its technological capabilities.

2️⃣ MoonPay Acquires Iron Infrastructure to Expand Stablecoin Business The crypto payment company MoonPay has acquired the stablecoin infrastructure company Iron for at least $100 million. This transaction highlights the value of Iron in the stablecoin technology sector and may spark positive expectations in the market regarding the potential applications of the Iron Fish ecosystem.

3️⃣ Privacy coin track gains attention, Iron Fish value stands out As the demand for privacy protection in the cryptocurrency market increases, Iron Fish, as a Layer-1 blockchain offering optional privacy features, has attracted more attention. Its unique multi-asset privacy transaction capability may become a core advantage driving price rise.

From a technical perspective, the price of IRON has experienced significant volatility in the short term, soaring from a low of $0.20 to a high of $0.73 within 24 hours, indicating strong buying momentum. However, such drastic price movements may also bring higher retracement risks, and investors should carefully monitor subsequent trends.

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