PROVE (Succinct) rose 10.10% in the last 24 hours

Gate News Bot news, on October 22, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $0.84, with a rise of 10.10% in the last 24 hours, reaching a high of $0.90 and a low of $0.72. The current market capitalization is approximately $164 million, an increase of $15 million compared to yesterday.

Succinct is a decentralized prover network designed to make zero-knowledge technology simple and accessible. The project has generated over 5 million proofs and established partnerships with more than 35 partners, protecting a total locked value of over $4 billion. Succinct provides infrastructure such as SP1 (the world's fastest RISC-V zkVM) and a prover network, supporting developers to write code in Rust and easily generate and verify zero-knowledge proofs.

PROVE recent important news:

1️⃣ Large purchases drive prices up A wallet created just a week ago has recently accumulated 17.455 million PROVE from multiple platforms, worth about 13.86 million USD. This large purchase may be one of the main factors driving the rise in PROVE's price, demonstrating some investors' confidence in the PROVE project.

2️⃣ Gate exchange supports PROVE trading Gate exchange currently supports the trading of PROVE, providing investors with an important trading channel. This helps to increase the liquidity and market participation of PROVE, which may have a positive impact on its price performance.

3️⃣ Increase in market attention With the spread of news such as large purchases and support from exchanges, the market attention on the PROVE project may have increased. This rise in attention may attract more investors to participate, further driving up its price.

From a technical perspective, the price of PROVE has seen a significant rise in the past 24 hours, breaking through the high point of $0.90. This strong upward momentum may attract more attention from short-term investors, but it may also face the risk of a pullback.

This message is not an investment advice, and investors should pay attention to market volatility risks.