Gate News Bot news, on November 28, according to CoinMarketCap, as of the time of writing, AIN (Infinity Ground) is currently priced at $0.10, with an 18.11% rise in the last 24 hours, reaching a high of $0.11 and a low of $0.08. The current market capitalization is approximately $25.1 million, an increase of $3.86 million compared to yesterday.
Recent important news about AIN:
1️⃣ Visa dominates the crypto card market, with a monthly transaction volume of $365 million
Visa dominates the cryptocurrency card issuance sector, with a monthly transaction volume of up to $365 million. Among 13 representative cryptocurrency card projects, as many as 10 are related to Visa. Three payment projects, Rain Card, RedotPay, and Etherfi Cash, are the main drivers of Visa's transaction volume growth, with a total transaction volume of $320 million. This reflects the rapid development of the cryptocurrency payment sector, which may have a positive impact on the application scenarios and liquidity of crypto assets like AIN.
2️⃣ The prediction market is thriving, and Rain Protocol has received a substantial acquisition
Nasdaq-listed company Enlivex announced that it will invest $212 million to acquire the native token of Rain Protocol. Rain is a prediction market protocol launched on the Arbitrum chain in 2023, with a market capitalization of $1.8 billion. The prediction market has developed rapidly recently, with trading volume exceeding $28 billion this year, and it is expected to reach $95.5 billion in ten years. This trend may drive attention to the entire crypto market, indirectly pushing up the prices of assets such as AIN.
3️⃣ Regulatory attitudes are tightening, and crypto prediction platforms face challenges
Regulatory agencies in various states of the United States are intensifying oversight of crypto prediction platforms, accusing some platforms of engaging in unlicensed gambling. However, Polymarket has recently received CFTC approval to return to the U.S. market, indicating that the regulatory environment remains uncertain. This regulatory stance may have a ripple effect on the entire cryptocurrency market, and prices of most crypto assets, including AIN, may be affected as well.
From a technical perspective, the significant pump of AIN in the last 24 hours may be related to the overall improvement in cryptocurrency market sentiment. However, investors still need to closely monitor market trends and potential regulatory changes, carefully assessing investment risks.
This message does not constitute investment advice, and investors should be aware of the risks of market volatility.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple CTO: Current XRP Price May Deviate from Market Expectations, but Will Be Corrected in the Long Term
Ripple Chief Technology Officer David Schwartz stated that despite XRP's role in the payments space and rising institutional adoption, its current price of approximately $1.50 may be undervalued, noting that market participants will exploit pricing discrepancies to correct the price.
GateNews59m ago
Bitcoin Breaks Below $71,000, Peter Brandt Warns of Two-Way Movement Risk
On March 19th, Bitcoin's price fell below $71,000, declining approximately 5% within 24 hours. Ethereum, Solana, and Dogecoin all dropped 5% to 6%, with total market capitalization evaporating over $100 billion. Senior traders point out that Bitcoin exhibits both bullish and bearish technical patterns, and macroeconomic factors are affecting market sentiment, with short-term trends remaining uncertain.
GateNews1h ago
Cardano (ADA) trades within a multi-year accumulation zone, with analysts monitoring its potential upside.
Cardano (ADA) is currently trading in the support zone of $0.18 to $0.25, which has historically bounced multiple times. Analysts point out that if this support holds and breaks through the downtrend line, ADA could rally to $1 and $3, representing gains of 270% and 1,011% respectively. Maintaining support is key to a bullish outlook.
GateNews1h ago
Bitcoin Briefly Falls Below $70,000 Mark During Asian Session as Fed Hawkishness and Macro Uncertainty Weigh on Market Volatility
Bitcoin fell below 70,000 on March 19, touching approximately 69,537, reflecting market concerns about the Federal Reserve maintaining high interest rates. Bitcoin subsequently rebounded to around 70,180, demonstrating psychological support at the 70,000 level. Despite improved market fund inflows, cryptocurrencies continue to face challenges amid global macroeconomic pressures, with 70,000 becoming a critical near-term level.
区块客1h ago
MICA Daily | Is the Fed Worried About Inflation Getting Out of Control? US Stocks Decline, BTC Tests $71,000 Again
Yesterday, BTC fell from $73,000 to $71,000 due to declining US stocks and deteriorating Middle East conditions, with risk-off sentiment heating up in the market. The Federal Reserve kept interest rates unchanged, with Powell emphasizing that the US employment market and energy crisis make decision-making difficult, indicating uncertain economic prospects ahead that could impact both stock and crypto markets.
区块客1h ago
The Federal Reserve maintains interest rates, Bitcoin is pressured near $70,000, and the Iran conflict escalation increases market uncertainty.
The Federal Reserve kept its benchmark interest rate unchanged on March 19, with a voting result of 11 to 1. Chairman Powell pointed out that the situation in the Middle East and rising oil prices introduce uncertainties to the economy, and short-term inflation expectations have been raised to 2.7%. The market response was notable, with risk assets performing poorly. Analysts advise paying attention to future interest rate movements.
GateNews1h ago
