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CYC (Cycle Network) has pumped 65.22% in the last 24 hours.
Gate News Bot news, on August 15, according to CoinMarketCap data, as of the time of writing, CYC (Cycle Network) is currently priced at 0.09 USD, with a rise of 65.22% in the last 24 hours, reaching a high of 0.11 USD and a low of 0.04 USD. The current market capitalization is approximately 13.5 million USD, an increase of 5.35 million USD compared to yesterday.
Cycle Network is a chain-abstracted, non-chain liquidity network based on Verifiable State Aggregation (VSA) technology. It ensures the security of sensitive information in cross-chain operations through Fully Homomorphic Encryption (FHE) technology, providing developers with a powerful SDK that supports connections to any chain and wallet, achieving a truly seamless user experience. Cycle Network aims to build a trustless shared liquidity network for all blockchains, promoting innovation in various fields such as DeFi, NFTs, and stablecoins.
CYC recent important news:
1️⃣ Gate exchange lists CYC trading pair Gate exchange recently announced the launch of the CYC trading pair, providing more liquidity and trading opportunities for CYC. This move significantly enhanced the market exposure of CYC, attracting more investor attention, and is one of the important factors driving the substantial rise in CYC's price.
2️⃣ Cycle Network's technical advantages recognized Cycle Network is an innovative solution based on Verifiable State Aggregation (VSA) and Fully Homomorphic Encryption (FHE) technology, demonstrating significant advantages in cross-chain operations and privacy protection. These technical features are gradually being recognized by the market, enhancing investors' confidence in the long-term development prospects of CYC.
3️⃣ Expectations for the expansion of the DeFi ecosystem With Cycle Network's commitment to building a trustless shared liquidity network, the market holds an optimistic view on its application prospects in DeFi, NFTs, and stablecoins. This expectation of ecosystem expansion is driving more investors and developers to pay attention to and participate in the CYC project.
From a technical perspective, the price of CYC has broken through previous resistance levels, showing a strong rise trend. However, investors should remain vigilant about potential short-term pullback risks and are advised to closely monitor market movements and project developments.
This message is not investment advice; investors should be aware of market volatility risks.