
Ithaca Protocol (ITHACA), positioned as a non-custodial and composable options protocol, has been developing its innovative decentralized infrastructure since its launch in 2024. As of 2026, ITHACA maintains a market capitalization of approximately $203,287, with a circulating supply of about 64.25 million tokens and a price hovering around $0.003164. This asset, recognized for its modular approach to options and structured product markets, is playing an increasingly important role in decentralized finance derivatives trading.
This article will comprehensively analyze ITHACA's price trajectory from 2026 to 2031, combining historical patterns, market supply and demand dynamics, ecosystem development, and macroeconomic conditions to provide investors with professional price forecasts and practical investment strategies.
As of February 8, 2026, ITHACA is trading at $0.003164, showing a modest recovery of 3.33% from its recent historical low. The token exhibits mixed short-term performance, with a 0.25% increase over the past hour but experiencing declines of 1.84% over 24 hours and 11.1% over the past week. The 30-day performance shows a 19.81% decrease.
The protocol maintains a market capitalization of approximately $203,287, with a circulating supply of 64.25 million tokens representing 6.43% of the maximum supply of 1 billion tokens. The fully diluted market cap stands at $3.164 million, ranking ITHACA at position 3,928 in the broader cryptocurrency market with a market dominance of 0.00012%.
ITHACA's 24-hour trading volume reached $31,226.57, indicating relatively limited liquidity compared to established protocols. The token holder count stands at 1,236 addresses. Current market sentiment reflects extreme caution, with the broader crypto market fear and greed index registering at 7, indicating "Extreme Fear" conditions.
The price range over the past 24 hours spans from a low of $0.003062 to a high of $0.00322, demonstrating continued volatility within a compressed range. The significant gap between the circulating market cap and fully diluted valuation suggests substantial token supply yet to enter circulation, which may influence future price dynamics.
Click to view current ITHACA market price

2026-02-08 Fear and Greed Index: 7 (Extreme Fear)
Click to view current Fear & Greed Index
The cryptocurrency market is currently experiencing extreme fear, with the Fear and Greed Index hitting 7. This indicates severe market pessimism and heightened investor anxiety. Such extreme readings typically present contrarian opportunities for long-term investors, as markets driven by fear often overshoot downside targets. However, caution remains warranted until sentiment stabilizes. Monitor key support levels and wait for accumulation signals before entering positions. Consider dollar-cost averaging strategies to mitigate timing risks during periods of extreme market panic.

ITHACA's on-chain holding distribution reveals a highly concentrated ownership structure that warrants careful consideration. The top address (0x48ca...fb0962) controls 653,317.43K tokens, representing 72.59% of the total supply. The top five addresses collectively hold 851,427.46K tokens, accounting for 94.58% of the circulating supply, while all other addresses combined hold merely 5.42%. This extreme concentration pattern indicates that the token's distribution remains in its early stages or is deliberately centralized for specific operational purposes.
Such pronounced concentration presents both structural risks and implications for market dynamics. The dominant position of the largest holder creates potential single points of failure and exposes the token to significant price volatility should this entity decide to redistribute or liquidate holdings. The limited distribution among retail and smaller institutional holders suggests restricted market depth, which could amplify price movements during periods of increased trading activity. From a decentralization perspective, this distribution pattern contradicts the fundamental principles of distributed ledger technology, as effective governance and price discovery mechanisms require broader token dispersion across diverse stakeholders.
The current holding structure reflects an immature market ecosystem that has yet to achieve organic distribution through trading activity and community participation. While concentrated holdings are not uncommon during early project phases or among protocol treasuries and team allocations, the sustainability of such distribution depends heavily on planned unlocking schedules and the project's strategy for gradual token release. Market participants should monitor future distribution trends closely, as any significant shift in the top holders' positions could trigger substantial market reactions given the limited liquidity cushion provided by smaller holders.
Click to view current ITHACA Holding Distribution

| Top | Address | Holding Qty | Holding (%) |
|---|---|---|---|
| 1 | 0x48ca...fb0962 | 653317.43K | 72.59% |
| 2 | 0xa107...534e75 | 84000.00K | 9.33% |
| 3 | 0x81b4...300a17 | 46962.01K | 5.21% |
| 4 | 0x5d76...2f64f4 | 35804.11K | 3.97% |
| 5 | 0x560b...680880 | 31343.91K | 3.48% |
| - | Others | 48572.44K | 5.42% |
| Year | Predicted High Price | Predicted Average Price | Predicted Low Price | Price Change |
|---|---|---|---|---|
| 2026 | 0.00352 | 0.00311 | 0.0028 | -1 |
| 2027 | 0.00481 | 0.00332 | 0.00182 | 4 |
| 2028 | 0.00447 | 0.00406 | 0.0037 | 28 |
| 2029 | 0.00635 | 0.00426 | 0.0035 | 34 |
| 2030 | 0.00611 | 0.00531 | 0.00377 | 67 |
| 2031 | 0.00845 | 0.00571 | 0.00531 | 80 |
(1) Long-term Holding Strategy
(2) Active Trading Strategy
(1) Asset Allocation Principles
(2) Risk Hedging Solutions
(3) Secure Storage Solutions
Ithaca Protocol presents an interesting proposition in the decentralized options market, backed by notable market makers Cumberland and Wintermute, and consistently ranking among the top protocols on DeFiLlama. The protocol's innovative modular infrastructure for creating liquid options and structured product markets represents a meaningful contribution to DeFi derivatives.
However, the token currently faces significant challenges, including a substantial decline from its all-time high, limited market capitalization, and relatively low liquidity. The low circulating supply ratio of 6.43% (64.25 million out of 1 billion total supply) suggests potential future token unlocks that could impact price dynamics. While the protocol's technical capabilities and backing are noteworthy, investors should carefully weigh these factors against the current market conditions and risk profile.
✅ Beginners: Approach ITHACA with caution. If interested in exposure to decentralized options protocols, start with a small allocation (no more than 1% of crypto portfolio) and prioritize learning about the protocol's functionality before investing
✅ Experienced Investors: Consider ITHACA as a speculative allocation within a diversified DeFi portfolio. Monitor protocol development, trading volume trends, and potential catalysts such as new chain integrations. Maintain strict position sizing and risk management discipline
✅ Institutional Investors: Evaluate the protocol's market maker relationships and DeFiLlama rankings as indicators of institutional interest. Consider the token's low liquidity and market cap in relation to position sizing requirements. Conduct thorough due diligence on smart contract security and protocol governance
Cryptocurrency investment carries extremely high risks, and this article does not constitute investment advice. Investors should make cautious decisions based on their own risk tolerance and are advised to consult professional financial advisors. Never invest more than you can afford to lose.
ITHACA is a prominent cryptocurrency asset in the DeFi sector, designed to support decentralized applications and services. It features strong market performance with a circulating supply of approximately 64.25 million tokens. ITHACA enables efficient transactions within decentralized finance ecosystems while maintaining robust protocol security and governance mechanisms for its community.
ITHACA has fluctuated between ¥0.033266 and ¥0.033510, currently trading at ¥0.033322 with a market cap of ¥33.32 million. The 24-hour trading volume stands at ¥516,400, showing steady market activity and stable price consolidation.
ITHACA's price is influenced by market demand, trading volume, ecosystem development, token utility, overall crypto market sentiment, and adoption rate within the platform's network.
You can predict ITHACA price using technical analysis and fundamental analysis. Technical analysis examines historical price and trading volume patterns. Fundamental analysis evaluates project development, tokenomics, and market conditions to forecast future price movements.
ITHACA faces market volatility and liquidity risks typical of cryptocurrencies. Mitigate by diversifying your portfolio, investing only disposable capital, setting stop-loss orders, and conducting thorough research before trading. Monitor market sentiment and regulatory developments continuously.
ITHACA stands out with innovative DeFi protocol architecture and growing liquidity, offering better transaction efficiency. However, compared to established competitors, it faces challenges including lower market recognition and higher price volatility. Its emerging status presents growth potential but carries execution risks.
Professional analysts predict ITHACA's maximum price target at 254.36 GBX and minimum at 135.64 GBX. These forecasts are based on current market analysis and technical evaluation as of February 2026.











