EDU (Open Campus) rose 7.13% in the last 24 hours.

Gate News Bot message, on October 16, according to CoinMarketCap, as of the time of writing, EDU (Open Campus) is currently reported at $0.17, with a rise of 7.13% in the last 24 hours, reaching a high of $0.18 and a low of $0.05. The current market capitalization is approximately $101 million, an increase of $6.72 million compared to yesterday.

Open Campus is a decentralized education ecosystem DAO and community-led protocol. It collaborates and integrates with like-minded entities to advance educational models using the power of Web3. EDU is the native gas token of the EDU Chain and the governance token of Open Campus DAO. Open Campus is improving the education system for teachers, learners, and institutions through innovative blockchain protocols and funding programs. Its main products include EDU Chain, Open Campus ID, OC-X Accelerator Program, OC-Incubator projects, and Publisher NFTs.

Important news about EDU recently:

1️⃣ Layer 3 EDU Chain Officially Launched Open Campus has officially launched the EDU chain based on Layer 3 technology, an innovation aimed at providing professional solutions for the education sector and on-chain finance. The launch of the EDU chain is expected to significantly enhance the functionality and practical value of the Open Campus ecosystem, providing strong support for the rise of the EDU token price.

2️⃣ The prospects of blockchain applications in education are broad The launch of the EDU chain highlights the enormous application potential of blockchain technology in the education sector. As more and more educational institutions and learning platforms begin to focus on and adopt blockchain solutions, EDU, as an industry pioneer, is expected to gain more attention and adoption, thereby driving its market demand and value rise.

3️⃣ Expansion of on-chain financial functionalities The EDU chain not only focuses on the education sector but also integrates on-chain financial functions. This diversified strategy helps attract a broader user base and investors. The addition of financial functions may create more use cases for the EDU token, enhancing its liquidity and overall value.

From a technical perspective, the EDU price has recently broken through previous resistance levels, indicating a strong rise momentum. The current price has significantly rebounded from previous lows, suggesting a positive market attitude towards the development prospects of the EDU project. However, considering the high volatility of the cryptocurrency market, investors still need to cautiously pay attention to potential pullback risks.

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