ICO News

Roam's Token Launch Across Major Exchanges – Blockchain.News


On March 5, 2025, the DePIN project weRoam announced its token launch, with major exchanges like Bybit, Kucoin, Bitget, and Gate confirming listings [Source: @EmberCN on X, March 5, 2025]. weRoam boasts an impressive network with 2.3 million registered users and 2.09 million WiFi nodes, positioning it as the leader in the DePIN sector [Source: weRoam Official Announcement, March 5, 2025]. Notably, weRoam’s listing on Bybit marks the first project Bybit has announced since a recent security breach [Source: Bybit Press Release, March 4, 2025]. The token launch has already sparked significant interest, with the weRoam token (ROAM) trading at $0.50 upon its listing at 10:00 AM UTC on March 5, 2025 [Source: CoinMarketCap, March 5, 2025]. The initial trading volume reached $10 million within the first hour, indicating strong market demand [Source: CoinGecko, March 5, 2025, 11:00 AM UTC]. This event is crucial as it not only reflects the growth of the DePIN sector but also the resilience of Bybit following its recent security challenges.

The listing of ROAM across multiple exchanges has significant trading implications. On Bybit, ROAM/BTC pair saw an immediate increase in trading volume, reaching 1,500 BTC by 11:30 AM UTC on March 5, 2025 [Source: Bybit Trading Data, March 5, 2025]. Similarly, on Kucoin, the ROAM/USDT pair recorded a trading volume of $2.5 million by 12:00 PM UTC [Source: Kucoin Trading Data, March 5, 2025]. The ROAM token’s price experienced a 10% surge to $0.55 within the first two hours of trading, suggesting strong initial investor confidence [Source: CoinMarketCap, March 5, 2025, 12:00 PM UTC]. The high trading volumes and price movements indicate that traders are actively engaging with the new token, potentially leading to increased liquidity and volatility. Furthermore, the correlation between ROAM’s performance and other major cryptocurrencies like Bitcoin and Ethereum will be critical to monitor, as any positive movement in ROAM could signal broader market sentiment shifts [Source: CryptoQuant, March 5, 2025].

Read More   Is ritestream (RITE) a Good Investment Saturday? - InvestorsObserver

Technical analysis of ROAM’s initial performance reveals several key indicators. The Relative Strength Index (RSI) for ROAM on Bybit was recorded at 65 at 12:30 PM UTC on March 5, 2025, suggesting that the token might be entering overbought territory [Source: TradingView, March 5, 2025]. The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 11:45 AM UTC, indicating a bullish signal for short-term traders [Source: TradingView, March 5, 2025]. On-chain metrics further support the bullish sentiment, with the number of unique addresses interacting with ROAM increasing by 20% within the first hour of trading to 5,000 addresses by 11:00 AM UTC [Source: Etherscan, March 5, 2025]. Additionally, the average transaction value on the ROAM network was reported at $500, reflecting active participation from both retail and institutional investors [Source: CryptoQuant, March 5, 2025]. These technical and on-chain indicators suggest that ROAM could continue to attract significant trading interest in the near term.

In the context of AI developments, the integration of AI technologies in DePIN projects like weRoam could potentially enhance network efficiency and user experience. For instance, AI-driven algorithms could optimize WiFi node placement and connectivity, leading to improved service quality [Source: weRoam AI Integration Whitepaper, February 20, 2025]. Such advancements might positively influence ROAM’s market performance, as investors could perceive the token as a leader in the AI-enhanced DePIN space. The correlation between AI advancements and ROAM’s trading volume was evident on March 5, 2025, with a 15% increase in trading volume on Bitget following the announcement of AI integration plans [Source: Bitget Trading Data, March 5, 2025, 1:00 PM UTC]. This trend suggests that AI developments could serve as a catalyst for increased trading activity in AI-related tokens within the crypto market, thereby creating potential trading opportunities for investors looking to capitalize on the AI-crypto crossover.

Read More   Top 3 ICO Projects in April: AI Phenomenon Algotech Leads the List With $4M Raised & H100 GPU Investment - The Merkle News



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.