LIGHT (Bitlight) rose 86.55% in 24 hours.

Gate News Bot news, on November 17, according to CoinMarketCap, as of the time of writing, LIGHT (Bitlight) is currently priced at $2.27, having risen 86.55% in the last 24 hours, reaching a high of $2.36 and a low of $1.17, with a 24-hour volume of $91.7 million. The current market capitalization is approximately $97.8 million, an increase of $45.4 million compared to yesterday.

Important news about LIGHT recently:

1️⃣ Lighter completed $68 million in financing, reaching a valuation of $1.5 billion The decentralized derivatives trading platform Lighter announced on November 11th that it has completed a $68 million financing round, with a valuation reaching $1.5 billion. This round of financing will be used to further develop and expand its derivatives trading ecosystem, which is expected to enhance LIGHT's market competitiveness and user base.

2️⃣ Light Protocol and Helius Labs Launch ZK Compression Technology Light protocol partnered with Helius Labs to launch ZK compression technology, aimed at further enhancing the scalability of Solana applications. This technological innovation is expected to optimize the performance of the LIGHT network, attracting more developers and users to participate in the ecosystem construction.

3️⃣ LIGHT volume and market capitalization significantly rise The trading volume of LIGHT reached 91.7 million USD in the past 24 hours, with a market capitalization rise of 45.4 million USD to 97.8 million USD. This significant increase reflects the market's positive attention and enhanced participation in the LIGHT project.

From a technical perspective, the LIGHT price has broken through multiple key resistance levels and is showing a strong upward trend in the short term. However, investors should remain cautious of the potential pullback risks that may occur after a rapid rise.

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