VINE (Vine Coin) rose 52.70% in 24 hours

Gate News Bot news, July 25, according to CoinMarketCap data, as of the time of writing, VINE (Vine Coin) is currently priced at $0.06, having risen 52.70% in the last 24 hours, with a high of $0.08 and a low of $0.04. The 24-hour volume reached $300 million. The current market capitalization is approximately $60.1 million, an increase of $20.7 million compared to yesterday.

Important news about VINE recently:

1️⃣ Elon Musk announces the relaunch of the Vine platform Tesla CEO Elon Musk plans to revive the short video platform Vine and integrate it with artificial intelligence technology. This marks an important step for X (formerly Twitter) in its expansion into video content. The new version of the Vine platform will incorporate AI technology, aiming to reshape the landscape of the short video market.

2️⃣ The Vine Restart Plan Ignites Market Attention Elon Musk hinted at a potential relaunch of Vine through social media, responding to user comments with the eyes emoji "👀". This move sparked widespread discussion and anticipation in the market regarding Vine's potential revival, driving a significant pump in the price of the VINE token.

3️⃣ Short video market competition intensifies The possible relaunch of Vine represents a strategic move for platform X to enter the short video market. Considering that the original Vine platform was acquired by Twitter in 2012 and shut down in 2016, its potential return could have a significant impact on the current short video market landscape, thereby stimulating investor interest in the VINE token.

From a technical perspective, the price of the VINE token has seen a significant rise in the short term, but attention should still be paid to whether subsequent developments can support the current valuation. On the fundamental side, the relaunch plan of the Vine platform and its integration with AI may bring new application scenarios and value growth points for the VINE token.

This message does not constitute investment advice; investors should be aware of market volatility risks.