BOBA (Boba Network) rose 25.87% in 24 hours.

Gate News Bot news, on August 14, according to CoinMarketCap data, BOBA (Boba Network) is currently priced at $0.12, with a rise of 25.87% in the last 24 hours, reaching a high of $0.13 and a low of $0.09. The current market capitalization is approximately $21 million, an increase of $4.31 million compared to yesterday.

Boba Network is a multi-chain Layer 2 optimization aggregation network designed to unleash the potential of aggregation technology, enabling interoperability between blockchains and between blockchains and the real world. The protocol is fully compatible with EVM-compatible tools and has deployed multi-chain support for Ethereum and BNB, supporting lightning-fast transactions and lower fees.

Important news about BOBA recently:

1️⃣ The foundation has reached a token agreement with FTX The Boba Network Foundation has successfully reached a BOBA token agreement with the FTX bankruptcy restructuring trust fund. This agreement has brought approximately $70 million in funding commitments to Boba Network, significantly enhancing the project’s financial strength and development potential.

2️⃣ Market sentiment turns positive As news of the agreement between the foundation and the FTX Trust Fund spread, market confidence in BOBA clearly increased. This positive news drove the price of BOBA to rise significantly by 25.87% within 24 hours, rebounding from a low of $0.09 to $0.12, demonstrating strong upward momentum.

3️⃣ The development prospects of the ecosystem are promising As a multi-chain Layer 2 optimized aggregation network, Boba Network has significant advantages in increasing transaction speed and reducing costs. With new funds being injected, the market expects Boba Network to further expand its ecosystem and enhance network performance, which may attract more developers and users to participate.

From a technical perspective, BOBA continues to rise after breaking through the $0.10 level, and it may test the resistance level of $0.13 in the short term. However, considering the recent rise, investors should remain cautious of potential pullback risks.

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