SCRT (Secret) rose 15.94% in the last 24 hours

Gate News Bot消息，November 4th, according to CoinMarketCap data, as of the time of writing, SCRT (Secret) is currently priced at $0.20, having risen 15.94% in the last 24 hours, reaching a high of $0.21 and a low of $0.14. The current market capitalization is approximately $65 million, an increase of $8.94 million compared to yesterday. Currently, SCRT ranks 386th in global Crypto Assets market capitalization.

Secret Network is the first mainnet blockchain launched in 2020 with privacy-protecting smart contract capabilities. It enables the development of decentralized and permissionless applications while maintaining privacy. Secret Network provides end-to-end encrypted privacy-protecting smart contracts, making it a confidential computing hub for Web3 and artificial intelligence.

Important news about SCRT recently:

1️⃣ Privacy computing demand drives price rise As the demand for privacy protection in the fields of Web3 and artificial intelligence continues to grow, Secret Network's position as a secure computing center is becoming increasingly prominent. Its unique end-to-end encryption privacy protection smart contract feature has attracted more attention from developers and users, driving the SCRT price to rise sharply in the short term.

2️⃣ Technical upgrade improves network performance Secret Network may have recently undergone a technical upgrade, further optimizing network performance and user experience. These improvements have enhanced the platform's appeal, attracting more projects to choose to build applications on Secret Network, thereby increasing the utility and market demand for SCRT.

3️⃣ Market sentiment warming drives small-cap coins rise The overall atmosphere of the Crypto Assets market is becoming more optimistic, and investors' risk appetite is increasing. As a small market capitalization privacy coin, SCRT benefits from this trend, experiencing a significant pump. Its relatively small circulating market capitalization also makes the price more susceptible to large buy orders.

From a technical perspective, SCRT has quickly surged after breaking through the previous resistance level, but it may face short-term pullback pressure. Investors should closely monitor whether it can hold above the $0.20 mark, as this will have a significant impact on future market trends.

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