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A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the world’s largest crypto exchange platform by trading volume.
In a recent announcement, Binance said it is adding support for Lagrange (LA), preceding a significant dip in price.
“Binance is excited to announce that Lagrange will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”
After the announcement, the digital asset went from a seven-day high of $0.676 on July 9th down to $0.416 at time of writing, a 32% decrease during the last 24 hours.
Last month, LA saw the opposite happen to its price after gaining support from Coinbase, the top US-based crypto exchange. At that time, the asset saw a staggering gain of 216%, going from a price of $0.253 on June 4th to a peak of $1.50 just a day later.
According to the development team behind Lagrange, the project consists of two protocols – the ZK Prove Network, which provides universal proving services for rollups, apps, coprocessors and interoperability – and the ZK coprocessor, which allows smart contracts to run intensive off-chain computations that can then be verified on-chain.
“The Lagrange Coprocessor is a powerful tool for working with blockchain data, especially when you need to ensure the correctness of your data queries.”
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Featured Image: Shutterstock/Marinamiltusova2250/Sensvector
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