After seeing outstanding growth in 2021, Secret (SCRT) has recorded an impressive start to 2022. It is now ranked 81 and has a market cap of $1,305 million. The cryptocurrency has raised an impressive 70% year-to-date, while bitcoin, as a comparison, was down by 6.7% year-to-date to Friday’s close.
The Secret Network that runs SCRT has come up with Shockwave. It envisions Secret’s global growth. It will solidify the network as a critical pillar of Web3. Secret is the only blockchain with private smart contracts live on mainnet for over a year now. It rose up as the go-to-for building privacy-preserving apps.
Secret, in Q4 of 2021, saw its biggest upgrade to a Supernova. This in turn boosted the number of teams and organizations building on and for Secret Network. Now, the Shockwave will take Secret Network’s expansion to the next level. It states that Shockwave is made up of multiple initiatives to drive the network’s global growth. It will help Secret emerge as the Web3 privacy hub.
It should be noted that acclaimed director Quinten Tarantino’s Pulp Fiction NFTs has given a positive push to Secret Network. Tarantino’s 7 NFT collection, called Secret NFTs, will be launched on the Secret Network blockchain. The non-fungible tokens auction will take place between January 17-31.
Experts have highlighted a key attribute of SCRT that allows users to build and use applications. The applications are permissionless and privacy-preserving. The network safeguards users and secures applications. The Secret Network is working towards allowing users to control their data.