Details that you didn't know before
Bio Protocol (BIO) is a decentralized finance (DeFi) platform designed to accelerate the flow of capital and talent into on-chain science, facilitating fundraising and funding allocation for research initiatives and biotech organizations.
Recent Listing and Initial Price
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BIO was recently listed on Binance, one of the world's leading cryptocurrency exchanges. Upon its listing, the starting price was $0.9035, marking a significant increase of 2911.67% from its initial offering.
Market Capitalization and Tokenomics
As of January 3, 2025, the key statistics for Bio Protocol are as follows:
Current Price: Approximately $0.8425
Market Capitalization: $1.09 billion
24-Hour Trading Volume: $87.74 million
Fully Diluted Valuation (FDV): $2.79 billion
Total Supply: 3.32 billion BIO
Circulating Supply: 1.29 billion BIO (approximately 39.05% of total supply)
Token Distribution
The allocation of BIO tokens is structured as follows:
Community Airdrop: 6% (199.2 million BIO)
Community Auction: 20% (664 million BIO)
Ecosystem Incentives: 25% (830 million BIO)
Core Contributors: 21.2% (703.84 million BIO)
Molecule Ecosystem Fund: 5% (166 million BIO)
Molecule: 5% (166 million BIO)
Investors: 13.6% (451.52 million BIO)
Advisors: 4.2% (139.44 million BIO)
Price Predictions and Future Outlook
Analysts have provided varying predictions regarding BIO's future price:
Short-Term Prediction: Some forecasts suggest that BIO's price could rise by approximately 228.01%, reaching around $3.13 by January 31, 2025.
Medium-Term Prediction: Other analyses indicate a potential increase to $2.63 within a year, representing a 165% increase from its current price.
Long-Term Prediction: Certain models project that BIO's price could reach approximately $0.00 by the end of 2025, with a cumulative return on investment (ROI) of 0.00%.
It's important to note that cryptocurrency markets are highly volatile, and such predictions should be approached with caution.
Conclusion
While some analysts are optimistic about BIO's potential to reach or exceed $1, the inherent volatility of the cryptocurrency market means that such predictions are speculative. Investors should conduct thorough research and consider market dynamics before making investment decisions.