PIVX (PIVX) rose 20.30% in 24 hours.
Gate News Bot news, on November 4th, according to CoinMarketCap, as of the time of writing, PIVX (PIVX) is currently priced at $0.31, with a pump of 20.30% in the last 24 hours, reaching a high of $0.32 and a low of $0.20. The current market capitalization is approximately $30.4 million, an increase of $5.13 million compared to yesterday.
PIVX is a proof-of-stake blockchain focused on privacy. With the SHIELD protocol, users can enjoy optional privacy features.
Important news about PIVX recently:
1️⃣ Increased Attention on Privacy Coin Market As the demand for privacy protection in the cryptocurrency market rises, PIVX has become more favored by investors as a new generation privacy coin. Its innovative SHIELD protocol provides users with flexible privacy options, protecting personal transaction information while also meeting some regulatory requirements, thus promoting the expansion of the PIVX ecosystem.
2️⃣ Technical Upgrades and Community Development PIVX continues to make technical improvements, dedicated to enhancing transaction speed and security. At the same time, its active community participation brings sustained development momentum to the project. These factors together drive PIVX's competitiveness in the privacy coin sector, which may be one of the important reasons for the recent price rise.
3️⃣ Recognition of Proof of Stake Mechanism by the Market As a blockchain project that adopts a Proof of Stake (PoS) consensus mechanism, PIVX has advantages in energy efficiency and sustainability. As the market's attention to environmentally friendly cryptocurrencies increases, PIVX's PoS mechanism may attract more environmentally conscious investors.
From a technical perspective, PIVX may face some correction pressure in the short term after breaking through the $0.30 mark. Investors should closely monitor whether it can maintain the current price level and the continued performance of trading volume.
This message does not constitute investment advice. Investors should be aware of market volatility risks.