The Realio Network coin, or RIO, has seen greater price fluctuation than most other cryptocurrencies. The cryptocurrency has increased by over 22% today, trading at $0.285 as of press time.
The token’s value has been climbing steadily for well over a week at this point. It has increased over 100% in value during the last week.
Massive rally for RIO
According to the data provided by CMC, $7,836,578 worth of RIO was exchanged over the last 24 hours, marking an increase of over 60% in trading volume. Realio Network has gained 22.88% from the previous day, with a maximum of 75,000,000 coins produced so far despite only 6,568,515 coins being in circulation.
What caused the rally in the markets?
On March 15, investors shrugged off the long-term repercussions of a regulatory clampdown on crypto-friendly banks. At the same time, data from the United States consumer price index (CPI) pointed to decreasing inflation in the coming months.
These two factors combined to send bitcoin and ether briefly over $26,000 and $1,770, respectively.
However, two of the most notable tokens saw declines of up to 5% from their previous 24 hours as of the time of writing. One bitcoin is now worth less than $25,000, while one ether was also worth slightly below $1,700 at that time of writing.
Who is Realio, and why is it relevant?
The Realio platform promotes itself as a complete, blockchain-based, and SaaS platform for managing the whole lifecycle of digital securities and cryptocurrencies, from issuance to investment. This is the case, according to the platform’s advertising.
With the provision of access to a decentralized peer-to-peer (P2P) exchange that runs exclusively on the blockchain, its stated mission is to bring together enterprise-grade blockchain and cryptocurrency solutions with investment vehicles of institutional quality.