Humanity Token Surges Amid market Downturn
Humanity, a decentralized biometric and identity data platform, is leading the pack among the top 500 cryptocurrencies. Its token, H, has seen a 40% price increase in the last 24 hours. This surge comes as most altcoins, including Bitcoin, are experiencing a decline.
BitcoinS price slipped from its $110k peak on Friday. This drop was partly due to an 80,000 Bitcoin transfer from dormant wallets. As a result, Ethereum, XRP, and Solana also retreated. Though, Humanity’s token defied the trend, rising from $0.072 to over $0.108.The daily gains, coupled with a 74% rise in trading volume to $481 million, extended its weekly rally to over 400%. The H token’s performance stands out as other digital assets like Ethereum and XRP faced losses.The token’s value climbed despite the market downturn,thanks to several factors.
One major reason is the listing of the H/KRW trading pair on South Korea’s Bithumb exchange. This listing on Bithumb has driven significant retail demand.
Humanity’s token launched in june and has since been listed on major exchanges like Bybit and Crypto.com. The project also secured $20 million in funding at a $1.1 billion valuation. This funding, led by Pantera Capital and Jump Crypto, will help advance its decentralized identity solution.
Key points driving Humanity’s success:
- Listing on Bithumb with the H/KRW pair
- Partnerships with Kaito and Prenetics
- Availability for perpetual futures trading
