FOGO (Fogo) increased by 13.16% in the past 24 hours

GateNewsBot
FOGO14,21%

Gate News Bot Update, February 24 — According to CoinMarketCap data, at press time, FOGO (Fogo) is trading at $0.03, up 13.16% in the past 24 hours. The highest price reached $0.03, and the lowest dropped to $0.02. The current market cap is approximately $105 million, an increase of $12.3 million from yesterday.

Fogo is an L1 blockchain built for traders, featuring 40-millisecond blocks and 1.3-second confirmation times. The chain uses a custom Firedancer client for stability and speed, compatible with the Solana virtual machine, supporting all Solana applications and tools. Validation nodes are deployed across Asia and various global locations to ensure low latency and high reliability.

Its ecosystem includes applications such as Ambient Finance (leverage perpetual contracts), Valiant (spot trading), Flux Beam (advanced limit orders), Pyron (lending), Fogolend (leveraged lending), and Brasa Finance (staking liquidity mining), all designed for high-frequency traders and professional users.

Recent Major News for FOGO:

1️⃣ Mainnet Launch Drives Ecosystem Application Deployment
The official launch of the Fogo mainnet has enhanced the trading ecosystem. Multiple professional trading modules have been integrated on-chain, including leverage perpetual contracts, spot trading, and advanced limit orders, gradually building a comprehensive application matrix for high-frequency traders. The ongoing expansion of these ecosystem applications provides a solid foundation for on-chain liquidity and trading activity.

2️⃣ Ultra-High Performance Metrics Meet Professional Trading Needs
With 40-millisecond block times and 1.3-second confirmation times, Fogo offers competitive advantages in low-latency trading. Compatibility with the Solana virtual machine ensures easy application migration, while global validator deployments further reduce network latency. These hardware-level advantages directly serve professional users with strict speed requirements.

3️⃣ Funding and Token Economics Support Development
Initial funding through token sales has provided strong momentum for ecosystem development. Early financing success indicates market recognition of the project, offering financial backing for mainnet operations, validator deployment, and ecosystem incentives. The current market cap of $105 million reflects market valuation of its growth prospects.

This message is not investment advice. Investors should be aware of market volatility risks.

View Original
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

After WLFI's price drops below $1, selling pressure increases. Can a $35 million whale buy order trigger a rebound?

On February 24, it was reported that World Liberty Financial (WLFI) dropped about 8% in the past 24 hours, weakening after falling below the $1 key level. Previously, WLFI was forming a bullish cup-and-handle pattern, but recent price fluctuations have been mainly influenced by leverage liquidations rather than long-term investors selling off. On-chain data shows that WLFI's largest holder wallet has increased its holdings from 8.23 billion tokens to 8.56 billion tokens since February 19, adding approximately 330 million tokens, equivalent to about $35 million. This indicates that whales have actively entered during the price decline, reflecting confidence in a future recovery. Meanwhile, exchange inflows have decreased from 128 million tokens to just 8.9 million tokens, a nearly 93% drop, showing reduced retail selling pressure.

GateNewsBot3m ago

On Pi Network's anniversary, 300,000 Pi Coins flowed out to CEX. Can the price hold the key support level?

February 24 News, on the first anniversary of the Pi Network open mainnet launch, approximately 300,000 PI tokens have flowed out from centralized exchanges, with the price of Pi Coin remaining around $0.16. This outflow reflects a decrease in immediate seller liquidity on exchanges and highlights increased community engagement and ecosystem activity. The Pi core team stated that since the mainnet went live independently, the project has achieved significant growth in KYC approval, mainnet migration, developer activity, and overall network participation. On-chain data shows that in the past 24 hours, exchange wallets have net outflows of approximately 305,547 Pi Coins, with one CEX alone net outflowing over 623,000 Pi Coins, offsetting small inflows on platforms like Gate. Although this change is limited relative to the total supply, combined with the anniversary celebration, it indicates that the network ecosystem is steadily expanding, and long-term holders remain confident.

GateNewsBot7m ago

XRP drops 9% as whales buy 170 million coins: Is this a sign of a price bottom or a precursor to a rebound?

February 24 News, despite XRP's recent sustained pressure and a phased decline of about 9%, on-chain fund flows have shown clear signs of divergence, with large holder addresses and institutional investors continuing to add positions during the pullback, sparking market attention on whether XRP's price has bottomed out and the potential for a rebound. Data shows that since February, XRP has been consistently constrained by a downward trend resistance level, with short-term momentum remaining weak and market sentiment turning cautious. However, on-chain indicators reveal that XRP's current market price is below its intrinsic value, which usually indicates that most holders are in a floating loss. From a historical cycle perspective, when the price falls below the actual cost range, it is often seen as an undervalued phase, likely to attract medium- to long-term capital deployment.

GateNewsBot25m ago

Bitcoin drops below the $65,000 threshold: Trump's tariffs disrupt the market, will BTC test $60,000?

On February 24, news reports indicate that amid increasing uncertainty over the United States pushing forward a new round of global trade tariff policies, Bitcoin prices have fallen below the key psychological threshold of $65,000, and market risk appetite has significantly cooled down. Data shows that Bitcoin retreated from a high of approximately $66,465 on Monday to an intraday low of $62,952, a stage decline of nearly 5%, and a cumulative retracement of about 35% from the year's high, with market sentiment turning cautious. This downward movement is closely related to the policy expectation that the Trump administration may impose an additional 10% tariff on multiple countries (potentially raised to 15% via executive order). Historical experience shows that escalating trade tensions often intensify volatility in the crypto market. The market still remembers that after the U.S. imposed high tariffs on China in 2025, the total market value of cryptocurrencies shrank significantly within two months, and Bitcoin's sensitivity to macro shocks once again became a focus.

GateNewsBot28m ago

TRIA (Tria) increased by 17.95% in the past 24 hours

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, TRIA (Tria) is trading at $0.02, up 17.95% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $39.4 million, an increase of $6 million compared to yesterday. Tria is a global cryptocurrency lifestyle platform offering an integrated Tria Card, earning rewards, leverage trading, and cross-chain exchanges. Users can spend with the Tria Card at over 1.3 million merchants in more than 150 countries, support recharge with over 1,000 tokens without custody, and earn rebates. The platform uses BestPath AVS technology to provide optimized transaction routing, helping users get the best

GateNewsBot34m ago

Zcash approaches death cross, will ZEC test the critical support level of $200?

February 24 News, Privacy coin Zcash (ZEC) has recently been under continuous pressure, with a total decline of over 20% in the past 7 days. As of press time, the price of Zcash is approximately $231, down 28% from this month's high and more than 50% lower than at the beginning of the year. Against the backdrop of waning risk appetite in the crypto asset market, combined with technical and fundamental factors, market participants remain cautious about ZEC's future trajectory. On the fundamental side, the Electric Coin Company development team previously resigned collectively due to governance disputes with the non-profit organization Bootstrap. Although the incident did not lead to a blockchain fork, and the protocol layer operation of the ZEC token was not directly impacted, organizational uncertainty has weakened investor confidence in the ecosystem's long-term development.

GateNewsBot39m ago
Comment
0/400
WorkHardToEarnMoneyvip
· 6m ago
Shanzhai is just Shanzhai, it's extremely garbage.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)