DMC (DeLorean) rose 84.33% in 24 hours

Gate News Bot news, August 7th, according to CoinMarketCap data, as of the time of writing, DMC (DeLorean) is currently priced at $0.01, with a rise of 84.33% in the last 24 hours, reaching a high of $0.01 and a low of $0.00. The current market capitalization is approximately $176,000, an increase of $80,700 compared to yesterday.

DeLorean Labs is a Web3 ecosystem designed to celebrate the iconic brand's entry into the Web3 space. DMC is the native token of the DeLorean ecosystem, which has launched on the Sui blockchain. DeLorean Labs is developing several projects including time capsule collectibles, token staking, and a car reservation system. The project plans to hold a DMC community presale event on the Sui LaunchPad in the first quarter of 2025, and to launch a limited edition Alpha5 model in 2026.

Important news about DMC recently:

1️⃣ Bitget LaunchPool is about to launch DMC The Bitget LaunchPool plan will launch the DeLorean (DMC) token, offering a total of 66 million DMC tokens as rewards. This initiative is expected to enhance the liquidity and market exposure of DMC, potentially serving as a significant driving factor for a substantial rise in price in the near future.

2️⃣ DeLorean Labs participates in Consensus 2025 conference DeLorean Labs will participate as a sponsor in the 2025 Consensus conference. This event is an important annual gathering in the cryptocurrency and blockchain space, and DeLorean Labs' participation indicates that its position in the industry is rising, which may attract more investors' attention.

3️⃣ DMC community presale is about to begin The DeLorean project plans to conduct a DMC community pre-sale event on the Sui LaunchPad in the first quarter of 2025. This upcoming important milestone may spark investor interest and drive the rise in DMC prices.

From a technical perspective, DMC's short-term price trend shows a strong rise, but considering its relatively small market capitalization, price fluctuations may be quite severe. On the fundamental side, DeLorean Labs is developing multiple projects, including time capsule collectibles and a car reservation system, and these developments may continue to impact DMC's value in the future.

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