PROVE (Succinct) rose 26.01% in the last 24 hours

Gate News Bot news, on October 24, according to CoinMarketCap data, PROVE (Succinct) is currently reported at $1.01, with a rise of 26.01% in the last 24 hours, reaching a high of $1.02 and a low of $0.73. The current market capitalization is approximately $196 million, an increase of $40.5 million compared to yesterday.

Succinct is a decentralized prover network designed to make zero-knowledge technology simple and accessible for everyone. The project has generated over 5 million proofs and established relationships 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 the prover network, supporting developers in writing, generating, and verifying zero-knowledge proofs using Rust. Its application scenarios span multiple fields including zkEVMs, Rollups, coprocessors, identity verification, machine learning, and interoperability.

PROVE recent important news:

1️⃣ Large purchases driving price rise A wallet created just a week ago has recently accumulated 17.455 million PROVE from multiple platforms, worth approximately 13.86 million USD. This large purchase demonstrates the confidence of some investors in the PROVE project and has become one of the main factors driving the rise in PROVE's price.

2️⃣ Gate exchange supports 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 Rise in market attention With the occurrence of large purchases and support from exchanges, the market attention on the PROVE project has increased. This heightened attention may attract more investors to participate, further driving its price rise.

From a technical perspective, the price of PROVE has seen a significant pump in the past 24 hours, breaking through the key level of 1 dollar. This strong rise could attract more attention from short-term investors, but it may also face the risk of a pullback. Investors should closely monitor market movements and assess potential risks and opportunities.

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