MOVE (Movement) rose 5.22% in the last 24 hours.

Gate News Bot News, September 22, according to CoinMarketCap data, as of the time of writing, MOVE (Movement) is currently reported at $0.13, rising 5.22% in the last 24 hours, with a high of $0.14 and a low of $0.12. The current market capitalization is approximately $369 million, an increase of $18.3 million compared to yesterday.

Movement is a Layer 1 blockchain built using MoveVM, designed to provide developers with a powerful, efficient, scalable, and secure platform to create the next generation of applications. The infrastructure of Movement releases opportunities, accessibility, and financial empowerment for anyone, anywhere. The network empowers talented builders to create the future of finance through the Move language, which is the safest and most expressive language for building next-generation applications.

Important news about MOVE recently:

1️⃣ Movement Labs officially transitions to L1 blockchain Movement Labs announced on September 17th that it has officially transformed into an independent Layer 1 blockchain. This strategic shift aims to enhance network performance and improve the overall functionality of the blockchain. This move marks a new development phase for the Movement project, with the potential to attract more developers and users.

2️⃣ Launch of native staking feature As part of the transformation, Movement has added a native staking feature. The introduction of this feature will provide additional earning opportunities for MOVE token holders, while also helping to enhance the security and decentralization of the network. The implementation of native staking may increase the demand for MOVE, thereby having a positive impact on its price.

3️⃣ MOVE 2.0 version released With the transformation, Movement has also launched the Move 2.0 version. This upgraded version may bring performance optimizations and new features, further enhancing Movement's competitiveness as a smart contract platform. The release of Move 2.0 is expected to attract more developers to build applications within the Movement ecosystem, which could drive the value rise of the MOVE token in the long run.

From a technical perspective, the recent pump of MOVE may be closely related to these positive project developments. However, investors still need to closely monitor market dynamics and assess the effects of these improvements in practical applications.

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