H (Humanity Protocol) fell 7.74% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap data, H (Humanity Protocol) is currently priced at $0.29, having fallen 7.74% in the last 24 hours, with a high of $0.39 and a low of $0.14. The current market capitalization is approximately $634 million, a decrease of about $53.18 million from yesterday.

Humanity Protocol is a decentralized identity blockchain protocol designed to provide users with secure and trustworthy identity verification services. The protocol is committed to offering reliable identity authentication solutions for internet applications while protecting user privacy.

Recent important news from H:

1️⃣ Ethereum Fusaka upgrade is about to go live The Ethereum Fusaka upgrade has passed the final test network and is expected to go live on the mainnet around December 3rd. This upgrade will reduce transaction costs and improve efficiency by expanding blob storage and implementing PeerDAS, thereby enhancing the scalability of Layer 2. This change could increase blob space by over 400%, promising lower operational costs and higher network throughput for Ethereum-based projects such as Humanity Protocol.

2️⃣ Overall Cryptocurrency Market Correction Recently, mainstream cryptocurrencies such as Bitcoin and Ethereum have experienced varying degrees of fall, reflecting an overall cautious market sentiment. As an emerging authentication protocol, the price performance of Humanity Protocol may be influenced by this market trend, resulting in adjustments in the short term.

3️⃣ Institutional investors continue to pay attention to the crypto market Despite fluctuations in the market, institutional investors' interest in cryptocurrencies continues to grow. Several Ethereum ETFs have seen net inflows totaling approximately $111 million, reflecting long-term investors' confidence in blockchain technology and related projects. This trend may provide potential support for innovative blockchain projects like Humanity Protocol.

From a technical perspective, H has recently shown a significant correction and may continue to face downward pressure in the short term. However, considering its innovative positioning in the field of decentralized identity verification, the long-term development prospects remain worthy of attention. Investors should closely monitor the project's technological advancements and its implementation in practical applications.

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