$PROVE • The price of PROVE reached $1.36, surpassing the previous ATH of $1.34 by an increase of 55%
• The market capitalization reached $1.36 billion with trading volume jumping by 33,000% to $1.36 billion
• Despite what the headlines suggest, no specific institutional investors have been publicly confirmed
Catalyst Factors
• The launch of the Prover Network mainnet by Succinct (on August 5) turned PROVE into a utility token used for payments and governance
• Listing the currency on major exchanges significantly contributed to improving its accessibility and increasing its visibility
• Regulatory discussions in the United States regarding ZKP technology have bolstered the legitimacy of privacy-focused blockchain solutions
Trading Considerations
• A key support/resistance has been established in the range of $1.30-$1.35 after breaking the ATH
• The significant increase in volume indicates the potential for volatility; the risk notice recommends caution in determining volume
• There are strategic opportunities in monitoring new trading pairs while assessing long-term utility value
Integration with the Platform
• PROVE has been implemented across multiple products including Simple Earn, Margin, and Futures
• BNB holders who participated in Simple Earn or On-Chain Yields (from July 18 to 21) received airdrops
• Community discussions show great enthusiasm for the broad integration of the currency within the ecosystem
