KERNEL (KernelDAO) rose 14.98% in the last 24 hours

Gate News Bot news, July 14, according to CoinMarketCap data, as of the time of writing, KERNEL (KernelDAO) is currently priced at $0.15, rising 14.98% in the last 24 hours, with a high of $0.16 and a low of $0.10. The current market capitalization is approximately $26.60 million, an increase of $34,600 compared to yesterday.

KernelDAO is a leading liquid staking protocol with three key products: Kernel (liquid staking on BNB Chain), Kelp Liquid Restaking (rsETH), and Gain (automated yield farming). The protocol supports staking on more than 10 chains including Ethereum, BTC, and BNB with no minimum amount required, and rewards are earned. The KernelDAO ecosystem includes over 25 protocols, including more than 20 middleware and over 5 liquidity liquid staking protocols. The KERNEL token is a single governance token that spans the three products, featuring multiple utilities including governance, shared security, and insurance reduction.

Important news about KERNEL recently:

1️⃣ Binance Labs investment promotes project development Binance Labs made a strategic investment in Kernel to promote the development of re-staking technology on the BNB Chain. This investment not only provides financial support to Kernel but also enhances its position in the BNB Chain ecosystem, potentially fostering greater user participation and ecosystem expansion.

2️⃣ Binance Megadrop plans to include KERNEL KERNEL has been selected as the fourth project in the Binance Megadrop program, which means it will gain more exposure and liquidity on the Binance platform. This program typically attracts widespread attention from investors, potentially leading to significant rise in trading volume and price in the short term.

3️⃣ Launch of a $300 million AI API in collaboration with Mira Kernel and Mira have jointly launched the industry's first secure AI API with a scale of 300 million USD. This innovative collaboration demonstrates Kernel's foresight in the integration of blockchain technology and artificial intelligence, and is expected to bring new application scenarios and value rise points for the KERNEL token.

From a technical perspective, the price of KERNEL has broken through previous resistance levels, with a significant rise in the last 24 hours. However, it is still necessary to pay attention to whether it can stabilize and continue the upward trend. On the fundamental side, the project continues to gain important partnerships and investments, demonstrating a good development momentum and market recognition.

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