HOPR (HOPR) rose 18.85% in 24 hours

Gate News Bot news, August 19, according to CoinMarketCap data, as of the time of writing, HOPR (HOPR) is currently priced at $0.08, having risen 18.85% in the last 24 hours, reaching a high of $0.10 and a low of $0.06. The current market capitalization is approximately $26.7 million, an increase of $4.23 million compared to yesterday.

HOPR is building a private internet for everyone. HOPR's decentralized, incentive-based mixing network can hide all metadata, including IP addresses, making it impossible to know who is communicating and what data they are sending. The HOPR protocol aims to address the weak points of Web3: transmission layer privacy. Users can stake HOPR tokens and run HOPR nodes to make the internet more private while earning HOPR tokens by relaying data.

Important news about HOPR recently:

1️⃣ GnosisDAO investment promotes development GnosisDAO recently voted to approve a proposal to invest $4.8 million in the HOPR project. The funds will be used to develop HOPR's private and uncensorable VPN network. This decision demonstrates the industry's recognition of HOPR technology and is expected to accelerate the project's development and application.

2️⃣ Web3 Ecosystem Subsidy Acquisition The HOPR project has successfully secured over $1 million in Web3 ecosystem grants. These funds will be used to further enhance HOPR's privacy protection infrastructure, strengthening its technological advantages and market position in the Web3 field.

3️⃣ Layer 0 protocol positioning is clear The HOPR network is operating as a Layer 0 protocol, providing underlying privacy protection services for other blockchain projects. This positioning highlights HOPR's infrastructure role within the Web3 ecosystem, helping to attract more upper-layer applications and partners.

From a technical perspective, HOPR's price has recently shown a rising trend, breaking through previous resistance levels. On the fundamental side, the project continues to receive funding support and ecological recognition, laying the groundwork for long-term development. However, the market still needs to pay attention to changes in the global cryptocurrency regulatory environment, which may impact privacy coin projects.

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