Secret Network (SCRT) surges 50% on Nvidia inception partnership
The trading volumes skyrocketing alongside a 546% increase in open interest
The price of Secret Network (SCRT) surged by an impressive 50% in the past 24 hours, spurred by a combination of strategic partnerships and a high-profile exchange listing.
The blockchain network, known for its focus on privacy-preserving smart contracts, has gained significant traction following its inclusion in Nvidia's Inception Program and a listing on Binance, Coingape reported.
Nvidia partnership fuels market optimism
Secret Network’s participation in Nvidia’s Inception Program has played a pivotal role in the recent price spike. The program, which supports startups and projects leveraging artificial intelligence (AI) and blockchain technology, aligns with Secret Network’s innovative approach to private computation and secure data sharing. The partnership is expected to bolster SCRT's use cases and adoption across industries that value data confidentiality.
Market confidence surged following the announcement, with trading volumes skyrocketing alongside a 546% increase in open interest within just 24 hours. Analysts attribute the heightened activity to the strategic implications of the Nvidia partnership, which positions Secret Network as a key player in the evolving landscape of blockchain and AI integration.
Binance listing adds momentum
Adding to the momentum, Binance, the world’s largest cryptocurrency exchange, announced the listing of SCRT. The token’s availability on Binance significantly broadens its accessibility to global traders and investors. Binance’s reputation for supporting innovative projects has further boosted confidence in SCRT’s long-term potential.
The combined impact of these announcements has not only propelled SCRT’s price but also placed Secret Network in the spotlight as a project with robust technological capabilities and strong institutional support.
As Secret Network capitalizes on its Nvidia partnership and Binance listing, investors are closely watching for further developments. The network’s focus on privacy and cutting-edge use cases could pave the way for continued growth, with analysts speculating that SCRT could attract further institutional interest.
Our website reported earlier that Nvidia replaces Intel in Dow Jones Industrial Average.
