TREE (Treehouse) has pumped 80.38% in the last 24 hours.

Gate News Bot news, on August 28, according to CoinMarketCap data, as of the time of writing, TREE (Treehouse) is currently priced at $0.55, rising 80.38% in the last 24 hours, with a high of $0.59 and a low of $0.28. The 24-hour volume reached $156 million. The current market capitalization is approximately $85.6 million, an increase of about $38.2 million compared to yesterday.

Important news about TREE recently:

1️⃣ Treehouse launches innovative technology solutions The Treehouse project recently launched an innovative technological solution called "Timeout Trees," aimed at addressing the scalability issues of Lightning Service Providers (LSP). This technological advancement is expected to significantly enhance the performance and user experience of the Treehouse network, providing technical support for the rise in TREE prices.

2️⃣ Verkle tree technology attracts market attention The application and discussion of Verkle tree technology in the blockchain field are increasing. As an improved version of the Merkle tree, Verkle trees show great potential in improving data verification efficiency and reducing storage costs. The exploration and application of the Treehouse project in this field may become an important direction for its future development, attracting the attention of investors.

3️⃣ TREE Price Prediction Sparks Market Optimism Multiple cryptocurrency analysis agencies have released price prediction reports for TREE (Treehouse), generally holding an optimistic view on its future trend. The dissemination of these prediction reports may have stimulated investors' buying sentiment to some extent, driving a rapid pump in TREE's price.

From a technical perspective, TREE has shown a strong rise after breaking through previous resistance levels and may continue to maintain high-level fluctuations in the short term. However, considering that it has already experienced a rise of over 80% within 24 hours, investors should also be wary of potential pullback risks.

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