H (Humanity Protocol) rose 5.59% in 24 hours

Gate News Bot news, on October 24, according to CoinMarketCap data, H (Humanity Protocol) is currently priced at $0.16, with a rise of 5.59% in the last 24 hours, reaching a high of $0.18 and a low of $0.10. The current market capitalization is approximately $341 million, with a rise of $18.1 million compared to yesterday.

Humanity Protocol is a decentralized identity blockchain project dedicated to providing users with secure and reliable identity verification services.

H Recent Important News:

1️⃣ Storage migration enhances network performance Humanity protocol announced that it will migrate from IPFS to the Walrus storage system, planning to store over 10 million identity credentials on-chain and to exceed 100 million by 2025. This migration is expected to significantly enhance network performance and scalability, providing support for more users and applications.

2️⃣ The scale of identity credentials is rising rapidly The number of identity credentials stored on-chain by the Humanity protocol is rapidly rising and is expected to exceed 10 million. This rise reflects the expanding application of the protocol in the decentralized identity verification field, potentially attracting more partners and users to join the ecosystem.

3️⃣ Rise in demand for decentralized identity With the development of Web3 and blockchain technology, the market demand for decentralized identity solutions is on the rise. Humanity Protocol, as a project focused on this area, is expected to benefit from this trend, driving the value rise of its token H.

From a technical perspective, the H token has shown a pump trend in the past 24 hours, breaking through the 0.16 USD price point. However, considering its relatively small market capitalization, investors should still be wary of potential high volatility risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.