• Realio Network coin, or RIO, has seen greater price fluctuation than most other cryptocurrencies and increased by over 22% today.
• Factors such as regulatory clampdown on crypto-friendly banks and data from the US CPI have contributed to an increase in the value of RIO.
• Realio Network is a blockchain-based SaaS platform for managing digital securities and cryptocurrencies from issuance to investment.
Realio Network Token Increases in Value
The Realio Network coin, or RIO, has recently seen greater price fluctuation than most other cryptocurrencies. As of press time, the token’s value has increased by over 22%, trading at $0.285 per coin. Over the last week alone, its value has risen by over 100%. According to CoinMarketCap data, $7,836,578 worth of RIO was exchanged over the past 24 hours and a maximum of 75 million coins have been produced so far despite only 6,568,515 coins being in circulation.
Factors Contributing to Price Increase
On March 15th investors shrugged off the long-term repercussions of a regulatory clampdown on crypto-friendly banks while data from the United States Consumer Price Index (CPI) pointed to decreasing inflation in the coming months. These two factors combined have sent Bitcoin and Ether briefly above $26000 and $1770 respectively; however some tokens saw declines up to 5% from their previous 24 hours as of writing time. One Bitcoin is now worth less than $25000 while one Ether is also worth slightly below $1700 at that time of writing.
What Is Realio?
Realio promotes itself as a complete blockchain-based SaaS platform for managing digital securities and cryptocurrencies from issuance to investment with access to a decentralized peer-to-peer (P2P) exchange running exclusively on blockchain technology. Its stated mission is to bring together enterprise grade blockchain solutions with institutional quality investments vehicles.
In conclusion Realio Network’s token has seen considerable growth over recent weeks due largely to favorable market conditions caused by regulatory clampdowns on crypto friendly banks combined with decreasing inflation rates according USA CPI data . It’s highly likely that this growth trend will continue given that Realio offers innovative solutions for managing digital assets from issuance through investment via its P2P exchange powered by blockchain technology .