Web3 Social Network Altcoin Skyrockets by More Than 308% This Week, Defying Sideways Crypto Market

A web3 decentralized social community altcoin printed a brand new all-time excessive on Friday, defying the continuing crypto market doldrums.

CyberConnect (CYBER) goals to allow builders to create social apps the place customers personal their digital identities and information.

The mission’s native asset, CYBER, ripped to a brand new all-time excessive of $15.36 at one level on Friday. The 179th-ranked crypto asset by market cap is buying and selling at $14.68 at time of writing, up from $3.59 one week in the past, a staggering 308.9% enhance. CYBER can also be up practically 77% previously 24 hours alone.

It’s not fully clear what’s driving CYBER’s large features, although Binance, the highest world crypto trade by quantity, did roll out buying and selling providers for the asset earlier this month.

Binance additionally kicked off a “Easy Earn CYBER Quiz Promotion” earlier this week. The primary 45,000 Binance prospects who learn an article on CYBER and full a quiz with all the proper solutions will obtain 0.25 CYBER in a 150-day locked merchandise place.

Binance locked merchandise provide rewards in trade for belongings being dedicated for fastened phrases with predetermined redemption dates. The promotion, which runs till September twelfth, is barely obtainable to prospects who’ve by no means subscribed to Binance’s Easy Earn locked merchandise earlier than.

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Test Price Action

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines
&nbsp

Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses it’s possible you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.

Generated Picture: Midjourney