Spring is celebrating the bullish Altseason that is observing uptrend for major cryptocurrencies like Bitcoin, Ethereum and altcoins starting with the governance token of Web3 Domain Network SPACE ID (ID). In a remarkable span of 2 days, the price of ID shot up to 89%, emerging from a $0.4504 value on April 13 to a record high of $0.8522. At present, the token is back to $0.8274, yet having a market cap of over $234 million and 24-hour trading volume of $902,810,100 paired by a 22.67% growth.

Space ID is a groundbreaking technology offering blockchain-based domain names registration and management. Launched in September 2022, the web3 platform comprises of Binance (.bnb), Ethereum (.eth) and Arbitrum (.arb) Name Service with 701,401 domains and 495,307 owners concerning the BNB Name Service, 2,553,413 domains and 640,066 unique owners under the Ethereum Name Service and 232,886 owners with 267,264 domains led by the Arbitrum-based .arb Network.

The native token ID was released for circulation on the Binance Launchpad on March 22, 2021, where 100 million tokens out of 2 billion in total supply were allocated. The token sought out a threefold purpose as a governance token, payment token and staking coin to efficiently operate the decentralized identity network.



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