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AVICI Token Surges Over 50% to Break $3 Mark

Avici’s crypto banking token, fresh from its October ICO via MetaDAO, hits $51.2 million market cap after a 47.7% daily surge.

Summary

Avici, a crypto banking project marketed as the 'people’s bank,' saw its market cap reach $51.2 million on November 11, marking a 47.7% rise in 24 hours. The token’s growth follows its October ICO hosted via MetaDAO.

Terms & Concepts
  • Token: A digital asset issued on a blockchain, representing value or utility.
  • Market Value: The total value of a cryptocurrency, calculated by multiplying its price by the circulating supply.
  • ICO: Initial Coin Offering, a fundraising method where new cryptocurrency projects sell tokens to investors.