FUR (Furfication) rose 191.31% in 24 hours

Gate News Bot news, July 17, according to CoinMarketCap data, FUR (Furfication) is currently priced at $0.00029626, having pumped 191.31% in the last 24 hours, reaching a high of $0.0015358 and a low of $0.0000169121, with a volume of $2.17 million in the last 24 hours.

Furfication is a cryptocurrency project themed around the fur logo, representing the classic “meme” trend in the cryptocurrency space.

Important news about FUR recently:

1️⃣ The meme token craze drives FUR price surge As a fur-themed Meme token, FUR has recently attracted the attention of investors amid the Meme token craze. This trend reflects the cryptocurrency market’s ongoing interest in novel and interesting concepts, driving the FUR price to rise significantly in a short period.

2️⃣ Social media hype increases volume The discussion heat of FUR on social media platforms has significantly increased, attracting more speculators and short-term traders to participate. This viral effect has led to a surge in volume, further pushing up the price of FUR.

3️⃣ Market sentiment shifts towards risk assets Recently, the overall sentiment in the cryptocurrency market has improved, and investors’ preference for high-risk assets has increased. As a small market cap Meme token, FUR has become one of the targets for investors seeking high returns, thereby driving its price to rise significantly.

From a technical perspective, the price of FUR has broken through several important resistance levels, but it also faces potential retracement risks. Investors should closely monitor its price trends and volume changes to assess the sustainability of the current rise.

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