PROVE (Succinct) rose 8.32% in the last 24 hours.

Gate News Bot news, on August 28, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $1.10, having risen 8.32% in the last 24 hours, with a peak of $1.18 and a low of $0.99. The current market capitalization is approximately $215 million, an increase of $16.5 million from yesterday. PROVE currently ranks 198th in the global crypto assets market capitalization.

PROVE recent important news:

1️⃣ Gate Unified Account adds PROVE as collateral Gate unified account has included PROVE in the list of tokens available for collateral, with a maximum discount rate of 0.80. This initiative enhances the liquidity and utility of PROVE, potentially attracting more investors to hold and use the coin, thereby supporting its price rise.

2️⃣ PROVE collateral policy adopts a gradient discount rate Gate implements a gradient discount rate system for PROVE, setting different discount rates based on various collateral quantity ranges. This flexible policy design helps balance risk and reward and may stimulate more users to participate in PROVE’s collateral and lending activities.

3️⃣ Succinct builds a decentralized prover network Succinct is building a decentralized prover network aimed at providing encryption fact protection for blockchain applications and infrastructure. The project unifies the proof supply chain, providing high availability proof generation infrastructure and quality pricing for applications such as rollups and co-processors that use zero-knowledge proofs. This technological innovation could be a long-term factor driving the rise in PROVE prices.

From a technical perspective, PROVE has broken through the 1 dollar mark in the past 24 hours, showing strong pump momentum. However, investors still need to be cautious of the potential retracement risk in the short term.

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