Redstone price rises after starting drilling program

The Redstone Token continued on Saturday, continuing a trend that happened when it came to 0.4195 USD at the beginning of this month.

Redstone (Red) The price rose to High $ 0.755, her highest level of 7. March. He jumped for almost 80% from his lowest level this month, giving a market hat of over $ 204 million.

Row token Rose after developers launched Drillwhich will see about 4.5% of the total offer distributed basic users and reward early adoptors. This program will create value through key strategic pillars such as development, reinforcements, innovation, launch and learning.

15% of these tokens will cross developers in the ecosystem, while 60% distribution will focus on network insurance. These funds will be arranged in the Treasury for Putting Eigar and will serve as a payment of insurance in case of documented cens failure.

20% drill distribution will cross developers using their newer products such as Oracle currency value or AI tools. 5% of funds will go to new Defi Applications, while the rest will go to developers who create educational tools in the network.

The red price also increased after developers teamed up with Eigen to facilitate the weakening of the liquid if the token. Red tables can turn their tokens into the sea, allowing them to provide Redstone AVS at Eigenlaier retaining liquidity in the network.

Redstone quickly reduced the Oracles Laddese in the last few months. Toward Defi LlamaHe became the fourth largest player in the Oracle industry after Lanka Lanka, PITH and chronicles with a total value provided in the amount of $ 4.9 billion. It provides networks like a spark, Cignus is restarted, solve and euroll.

Pricing price analysis of Redstone

Santhari Square shows that the red token is from below to $ 0.4188 11. Marta and then bounced on high 0.7543 dollars. He moved over 50% of the Fibonacic Retragul for grilles of $ 0.688.

Red crossed an important level of resistance to $ 0.6817, his highest momentum 12. March. It was the upper side of the glass and the handling pattern, a popular sign for continuation.

He also moved the 50-day average movements before. Therefore, the bulls are likely to be targeted at the next point of resistance to the key to 0.8432 dollars, which is about 20% above current level.