Dolomite (DOLO) Price Soars 59.78%: What’s Behind the Surge?

Dolomite $DOLO has seen a 59.78% price increase in the past 24 hours, now trading at $0.06750. This surge is driven by a massive uptick in trading volume, which reached $151.5M, representing a 6139.38% rise compared to the previous day. This surge in volume resulted in a volume-to-market cap ratio of 507.27%, signaling active participation from traders and investors.

With a market cap of $29.81M, Dolomite has proven its ability to attract attention in the market. The project is still in its early stages, with 441.62M DOLO tokens in circulation out of a total supply of 998.85M DOLO tokens. The fully diluted valuation (FDV) is $67.53M, indicating significant growth potential as more tokens enter circulation.

The total value locked (TVL) of $109.59M highlights Dolomite’s solid liquidity, positioning it well for further growth within the decentralized finance (DeFi) space. The 14.39K holders of DOLO show a growing, engaged community that is helping to push the token’s price upwards.

The sharp price movement today suggests that rising interest, increasing volume, and a solid DeFi ecosystem are driving the momentum, making DOLO one of the tokens to watch in the coming weeks.

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