MILK (MilkyWay) rose 28.06% in 24 hours

Gate News Bot news, August 6, according to CoinMarketCap data, as of the time of writing, MILK (MilkyWay) is currently priced at 0.06 USD, with a rise of 28.06% in the last 24 hours, reaching a high of 0.06 USD and a low of 0.05 USD. The 24-hour volume reached 15.2 million USD. The current market capitalization is approximately 14.3 million USD, an increase of 3.14 million USD compared to yesterday.

MilkyWay is the first and largest liquid staking and re-staking protocol in a modular ecosystem. It provides users with an integrated staking portal that can be used on any chain, supporting the implementation of shared security. As a builder, you can get everything you need; as a staker, you can maximize returns through liquid staking and re-staking.

Important news about MILK recently:

1️⃣ MilkyWay Ecosystem Expansion MilkyWay, as a leading protocol in the modular ecosystem, is actively expanding its liquid staking and re-staking services. The project is committed to providing users with cross-chain staking solutions, further enhancing its competitiveness in the DeFi space. This strategic move is expected to attract more users to participate, driving the demand for MILK tokens.

2️⃣ Staking yield rise Recently, the MilkyWay protocol has significantly improved users’ staking yield by optimizing the staking mechanism. This improvement not only enhances the project’s attractiveness but also creates more practical scenarios for the MILK token. The increased yield may be one of the key factors driving the rise in MILK price.

3️⃣ Market Attention Rise As the overall cryptocurrency market warms up, investors are increasingly interested in projects with innovation and practical value. MilkyWay, as an important component of the modular ecosystem, has attracted significant market attention with its unique liquid staking model, which may be a key reason for the significant rise in the price and volume of the MILK token.

From a technical perspective, MILK has shown a strong rise after breaking through previous resistance levels and may continue to maintain an upward trend in the short term. However, considering the profit-taking pressure after a rapid rise, investors should remain vigilant about the potential risk of a pullback.

This message is not an investment advice; investors should pay attention to market volatility risks.