PROM (Prom) rose 20.66% in the last 24 hours.

Gate News Bot news, September 17, according to CoinMarketCap data, as of the time of writing, PROM is currently priced at 11.26 USD, with a rise of 20.66% in the last 24 hours, reaching a high of 12.21 USD and a low of 8.63 USD. The 24-hour volume is 6.11 million USD. The current market capitalization is approximately 205 million USD, an increase of 35.2 million USD compared to yesterday.

PROM is a high-performance scalable network based on Polygon CDK. It utilizes zkSNARKs technology to reduce transaction costs, providing users with cost-effective blockchain solutions. PROM enables fast transactions and scalable dApp development through Polygon CDK. The project adopts a community-driven governance model, promoting development through on-chain decision-making and transparent governance. $PROM is the native token of the PROM network, used for trading, governance, and incentivizing community contributions.

Important recent news about PROM:

1️⃣ Polygon CDK technology advantages boost market confidence PROM, as a high-performance scalable network based on Polygon CDK, is widely recognized for its technical advantages in the market. Polygon CDK provides PROM with fast transaction and scalable dApp development capabilities, which may be one of the key factors driving the significant rise of PROM price by 20.66% within 24 hours.

2️⃣ Application of zkSNARKs technology reduces transaction costs The PROM network effectively reduces transaction costs using zkSNARKs technology, providing users with more economical blockchain solutions. This technological advantage may attract more users and developers, thereby driving the demand and value rise of the PROM token.

3️⃣ Community-driven governance model recognized The PROM project adopts a community-driven governance model that promotes development through on-chain decision-making and transparent governance, a model that may have won the confidence of investors. As more users participate in the PROM ecosystem, the utility and value of the token will also increase accordingly.

From a technical perspective, the PROM price has broken through several resistance levels in the past 24 hours, demonstrating strong upward momentum. However, investors should remain vigilant about the potential for a pullback in the short term. From a fundamental standpoint, as an important component of the Polygon ecosystem, the future development of PROM will largely benefit from the expansion of the entire Polygon network and the enrichment of application scenarios.

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