A digital currency based on Ethereum increased by 400% in a week … Know it
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Answer A digital currency based on Ethereum increased by 400% in a week … Know it
Many cryptocurrency pioneers and traders dream of doubling the balance of their digital wallets by double or more due to the fact that the crypto market has many opportunities that allow this, with risks equal to the size of the possible returns.
It is known that Binance and Coinbase are trading platforms that have a special impact on digital currencies and include them for trading. As soon as a digital currency is announced for trading on Binance or Coinbase, the price of the currency doubles to double or more.
This is what we saw this week with the Civic project’s CVC digital currency, as CVC is an alternative digital currency dating back to the 2017 era, which rose by about 500% in a week after it was listed for trading on Coinbase.
Read:Analysis: Bitcoin is stable at $30K, but hasn’t found the bottom yet
What we would like to say is that as soon as Binance or “Coinbase” approaches a digital currency, this currency will turn into gold!
And the digital currency we’re talking about is not CVC but the NuCypher project’s NU digital currency.
The digital currency “NU” increased by 400% in a week:
According to CoinGecko, the NuCypher project’s NU cryptocurrency has surged 400% in the past week alone, making it the best performing cryptocurrency this week.
The digital currency “NU” rose by 60% against the dollar in the past 48 hours, reaching a new all-time high at $0.35, then retreating and correcting to the $0.25 level at the time of writing this article.
This means that the digital currency “NU” has strongly outperformed Bitcoin, which is up by only 0.3% in the past 24 hours, and Ethereum, which is slightly down by a few.
The digital currency “NU” now has a total market capitalization of over $96 million.
This rise comes after the announcement by Coinbase of listing the digital currency “NU” for trading, and before that, Coinbase had announced its support for storing the currency.
Read:After its price exceeded $ 15,000 … Is Bitcoin a bubble?
came Advertising From “Queen Piece” as follows:
Starting today (December 6), Coinbase supports NU on the Coinbase.com trading platform and in the Coinbase apps on Android and iOS.
Coinbase customers can now buy, sell, transfer, send, receive or store NU.
The NU digital currency is available in all Coinbase supported regions.
Coinbase Custody now supports deposits and withdrawals for NuCypher (NU), Curve (CRV), REN (REN), wBTC ($WBTC), tBTC ($TBTC), and DFI Money ($YFII) pic.twitter.com/ePxLaJARIJ
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– Coinbase Custody (@CoinbaseCustody) December 3, 2020
As mentioned in the article title, “NU” is an Ethereum-based cryptocurrency whose main purpose is to be used for stakes on the NuCypher network.
The NuCypher project provides data privacy and key management for decentralized applications and protocols.
Read also:
Best Cryptocurrency Trading Platforms That Support Ethereum Staking 2.0
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