FOLKS (Folks Finance) rose 56.98% in 24 hours

Gate News Bot news, on November 21, according to CoinMarketCap data, FOLKS (Folks Finance) is currently priced at $9.76, with a rise of 56.98% in the last 24 hours, reaching a high of $9.90 and a low of $5.22. The 24-hour volume is $38.5 million. The current market capitalization is approximately $119 million, an increase of $43.2 million compared to yesterday.

FOLKS recent important news:

1️⃣ Folks Finance launches cross-chain lending market Folks Finance recently launched a native cross-chain lending market, a groundbreaking feature that significantly enhances the platform's cross-chain interoperability. Users can now seamlessly conduct lending operations across different blockchain networks, greatly increasing the platform's usability and appeal, and is expected to attract more users to participate.

2️⃣ Launch regulated CeDeFi applications in collaboration with licensed VASPs Folks Finance has reached a strategic cooperation with a licensed virtual asset service provider (VASP) to jointly launch a regulated CeDeFi application. This initiative combines the advantages of traditional centralized finance and decentralized finance, aiming to provide users with safer and compliant DeFi services while expanding Folks Finance's market coverage.

3️⃣ Financing valuation has significantly increased Folks Finance recently completed a round of financing, with a significant increase in valuation compared to before. This not only reflects investors' confidence in Folks Finance's future development but also provides sufficient financial support for the project, which is beneficial for further expanding its business scale and technological research and development.

From a technical perspective, the price of FOLKS has broken through several key resistance levels, showing a strong upward momentum in the short term. However, investors should remain vigilant about the potential pullback risks that may arise after a rapid rise.

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