#CryptoObservers#

IP network update 💥💥

Story Protocol (IP) is a layer-1 blockchain designed to tokenize various forms of intellectual property (IP), including ideas, images, real-world assets, songs, AI models, and NFTs, making them programmable on the blockchain.

As of February 21, 2025, IP is trading at $4.77, with an intraday high of $7.11 and a low of $3.07. The token has experienced significant growth, with a 29.28% increase in the last 24 hours and a market capitalization of approximately $647 million, ranking it among the top 100 cryptocurrencies.

The recent surge in IP's price has been attributed to strong buying momentum, as indicated by technical indicators like the Average Directional Index (ADX) reaching 55.1, signaling a robust uptrend. However, some analyses suggest a potential short-term correction, with possible retracement to the $2.61 level.

In terms of tokenomics, Story Protocol has a total supply of 1 billion IP tokens, distributed as follows: 38.4% allocated to the ecosystem and community, 21.6% for early investors, 20% for core contributors, 10% for initial incentives, and 10% for other purposes.

Investors should exercise caution, as some forecasts predict a potential decline in IP's value by 2025, with minimum prices reaching $1.76 and average values around $1.95 per token.