In the past 24 hours, the price of LA (Lagrange) has dropped by about 3.1%, although its gains over the past 7 days and 14 days are 3.3% and 11.5%, respectively. This short-term fluctuation may be related to overall market sentiment and macroeconomic factors.
#### Macroeconomic Pressures Intensify
- Recently, U.S. Treasury yields have risen to their highest level since 2008, while the dollar has strengthened, putting downward pressure on the cryptocurrency market.
- This environment has reduced market liquidity and trading activity, putting pressure on the prices of several tokens, including LA. Additionally, the Federal Reserve has not clarified whether it will halt interest rate hikes or ease monetary policy in the short term, further increasing market uncertainty.
#### Project Progress and Market Attention
- Recently, Lagrange has expanded its zero-knowledge proof network, supporting proof generation for ZK Rollups and other applications. However, these technological advancements have not yet garnered significant attention on social media or in the news, which may lead to a muted short-term price reaction from the market.
- It is advisable to closely follow Lagrange's official Twitter account for the latest updates and to monitor changes in whale wallet holdings for potential buying signals.
#lagrange @Lagrange Official $LA
