H (Humanity Protocol) has fallen 4.06% in the last 24 hours.

Gate News Bot news, on October 15, according to CoinMarketCap data, H (Humanity Protocol) is currently priced at $0.15, with a fall of 4.06% in the last 24 hours, peaking at $0.20 and dropping to a low of $0.03. The current market capitalization is approximately $309 million, a decrease of $13.0808 million compared to yesterday.

Humanity Protocol is a decentralized identity blockchain project aimed at providing users with secure and trustworthy digital identity solutions. The protocol is committed to protecting user privacy while ensuring the verifiability and controllability of identity information.

Recent important news about H (Humanity Protocol):

1️⃣ The price of ETH is highly volatile, affecting overall market sentiment.

Ethereum (ETH) has recently experienced significant price fluctuations, breaking through and falling back repeatedly in the range of 4000-4150 USDT. As a mainstream cryptocurrency, the movement of ETH has had a notable impact on many crypto projects, including Gate, leading to unstable market sentiment.

2️⃣ The correlation between the crypto market and the US stock market has increased.

After the US stock market opened, cryptocurrency concept stocks generally fell, but the cryptocurrency market itself has not yet shown significant fluctuations. This phenomenon indicates that the correlation between the cryptocurrency market and traditional financial markets is increasing, which may affect the independent pricing ability of projects such as H.

3️⃣ The Ethereum Fusaka upgrade is advancing and may affect the Layer 2 ecosystem.

The Ethereum Fusaka upgrade has been launched on the Sepolia test network and is scheduled for a final rehearsal on the Hoodi test network on October 28. This upgrade introduces the PeerDAS data validation method, which is expected to reduce costs for Layer 2 networks. This technological advancement may indirectly influence the development direction of decentralized identity projects such as H.

From a technical perspective, the current price of H (Humanity Protocol) has fallen below multiple support levels and may face further downward pressure in the short term. However, considering its unique positioning in the decentralized identity space, the long-term development prospects are still worth paying attention to.

This message is not intended as investment advice; investors should be aware of market volatility risks.