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

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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 knowledge.

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% up to now 24 hours alone.

It’s not totally clear what’s driving CYBER’s huge good points, although Binance, the highest international crypto alternate by quantity, did roll out buying and selling companies for the asset earlier this month.

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

Binance locked merchandise present rewards in alternate for property being dedicated for mounted phrases with predetermined redemption dates. The promotion, which runs till September twelfth, is simply out there to clients who’ve by no means subscribed to Binance’s Easy Earn locked merchandise earlier than.

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