Token

Cosmos

Time

Router Protocol

<ul>
 <li><strong>Router Protocol launches Nitro, enhancing cross-chain interoperability with diverse blockchain support.</strong></li>
 <li><strong>Clarifies deflationary token supply amid community concerns, emphasizing transparent governance process.</strong></li>
</ul>
<p>Router Protocol, an L1 chain utilizing the Cosmos SDK and designed for interoperability, unveiled its latest cross-chain solution, Nitro, on the mainnet. This intent-based cross-chain bridge, built on the router chain, boasts broad support for EVM, non-EVM, and zkEVM chains, along with additional security modules and Oracle security.</p>
<p>However, the community was thrown into some FUD regarding the token supply. Responding to concerns, the Router team clarified the tokenomics in a detailed summary. The overall ROUTE supply is 20 million, remaining a deflationary token.&nbsp;</p>
<p>They also <a href="https://x.com/routerprotocol/status/1751652794812277147?s=20" rel="noopener noreferrer nofollow">acknowledged</a> the confusion, attributing it to a placeholder number used during the Cosmos chain launch, aligning with the narrative of other L1s/L2s with a 1 billion total supply. And emphasized that the 1 billion token number is merely a placeholder, offering multiple future options for <a href="https://thenewscrypto.com/web3intelligence-raises-4-5m-ahead-of-new-token-launch/" rel="noopener noreferrer nofollow">tokenomics</a> changes through proper community engagement.</p>
<div align="center">
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">We heard you. We are happy to share the tokenomics proposal of Router Chain. We hope you’ll give us a deep, thoughtful listen (read) &amp; engage in constructive discussions across forums so that we can wrap up the governance process and get back to what we do best – buidl (and help…</p>— Router Protocol (@routerprotocol) <a href="https://twitter.com/routerprotocol/status/1751652794812277147?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
<p>Moreover, Router Protocol released a tokenomics proposal for Router Chain. Their tweets urged the community to engage in constructive discussions to shape the future of chain abstraction and interoperability.</p>
<h3 class="wp-block-heading" id="h-route-bulls-to-gain-strength">ROUTE Bulls to Gain Strength?</h3>
<p>Amidst these developments, the native token ROUTE experienced a dip. It hit a monthly low of $4 after reaching a two-year high of $10 earlier in January. However, it has shown resilience, recovering by surging 18% in the past 24 hours and currently trading at $5.22.</p>
<p>Analysis of Route’s <a href="https://coinmarketcap.com/currencies/router-protocol/" rel="noopener noreferrer nofollow">price</a> movements paints a precarious picture. The daily chart shows a bearish trend, with the 9-day exponential moving average (EMA) currently positioned below the trading price at $4.981. However, the daily relative strength index (RSI) suggests an oversold condition, standing at 37.</p>

Router Protocol’s Native Token ROUTE Bounces: Time to Buy?

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