🔋 Why Is Power Protocol (POWER) Price Up Today?

Power Protocol $POWER is trading 4.93% higher in the last 24 hours, reflecting steady bullish momentum rather than a sudden spike. One of the key reasons behind today’s price increase is rising trading volume, which has reached $10.7M, up 13.38%. This shows growing participation from traders and improving liquidity in the market.

Another important factor is circulating supply dynamics. Out of the 1B total and max supply, only 210M POWER tokens are currently in circulation. This limited availability in the open market helps support prices when demand increases, even gradually. With a Vol/Mkt Cap ratio of nearly 19.5%, POWER is seeing healthy trading activity relative to its market capitalization of $54.09M.

Additionally, broader positive sentiment in the altcoin market is supporting mid-cap tokens like POWER, as investors rotate capital into projects with lower market caps and higher growth potential.

Overall, POWER’s upward move appears to be driven by consistent volume growth, controlled circulating supply, and improving market confidence, suggesting a stable and organic price rise rather than short-term hype.

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