Gate News Bot news, on November 28, according to CoinMarketCap, as of the time of writing, AIN (Infinity Ground) is currently priced at $0.10, with an 18.11% rise in the last 24 hours, reaching a high of $0.11 and a low of $0.08. The current market capitalization is approximately $25.1 million, an increase of $3.86 million compared to yesterday.
Recent important news about AIN:
1️⃣ Visa dominates the crypto card market, with a monthly transaction volume of $365 million
Visa dominates the cryptocurrency card issuance sector, with a monthly transaction volume of up to $365 million. Among 13 representative cryptocurrency card projects, as many as 10 are related to Visa. Three payment projects, Rain Card, RedotPay, and Etherfi Cash, are the main drivers of Visa's transaction volume growth, with a total transaction volume of $320 million. This reflects the rapid development of the cryptocurrency payment sector, which may have a positive impact on the application scenarios and liquidity of crypto assets like AIN.
2️⃣ The prediction market is thriving, and Rain Protocol has received a substantial acquisition
Nasdaq-listed company Enlivex announced that it will invest $212 million to acquire the native token of Rain Protocol. Rain is a prediction market protocol launched on the Arbitrum chain in 2023, with a market capitalization of $1.8 billion. The prediction market has developed rapidly recently, with trading volume exceeding $28 billion this year, and it is expected to reach $95.5 billion in ten years. This trend may drive attention to the entire crypto market, indirectly pushing up the prices of assets such as AIN.
3️⃣ Regulatory attitudes are tightening, and crypto prediction platforms face challenges
Regulatory agencies in various states of the United States are intensifying oversight of crypto prediction platforms, accusing some platforms of engaging in unlicensed gambling. However, Polymarket has recently received CFTC approval to return to the U.S. market, indicating that the regulatory environment remains uncertain. This regulatory stance may have a ripple effect on the entire cryptocurrency market, and prices of most crypto assets, including AIN, may be affected as well.
From a technical perspective, the significant pump of AIN in the last 24 hours may be related to the overall improvement in cryptocurrency market sentiment. However, investors still need to closely monitor market trends and potential regulatory changes, carefully assessing investment risks.
This message does not constitute investment advice, and investors should be aware of the risks of market volatility.
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