A ZK-proof processing altcoin is experiencing a crash after gaining support from the world’s largest cryptocurrency exchange platform by trading volume.
In a recent announcement, Binance announced that it will be adding support for Lagrange (LA), leading to a significant price drop.
“Binance is thrilled to include Lagrange in Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”
Following the announcement, the digital asset plummeted from a seven-day high of $0.676 on July 9th to $0.416 at the time of writing, marking a 32% decrease in the last 24 hours.
Contrastingly, last month, LA experienced a surge in price after gaining support from Coinbase, the leading US-based cryptocurrency exchange. The asset saw an impressive 216% increase, rising from $0.253 on June 4th to a peak of $1.50 just a day later.
According to the team behind Lagrange, the project comprises two protocols – the ZK Prove Network, offering universal proving services for rollups, apps, coprocessors, and interoperability, and the ZK coprocessor, enabling smart contracts to execute intensive off-chain computations that can be verified on-chain.
“The Lagrange Coprocessor is a valuable tool for managing blockchain data, especially when ensuring the accuracy of data queries.”
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