This Crypto Surged 697% Following Boost From Coinbase

The whole crypto space is bullish these days, and we’ve seen some pretty exciting price moves.

Bitcoin is now racing towards $16k, and more optimistic predictions claim that we could see the king coin reach an ATH this year, or at least the next year for sure.

Crypto asset surges by 697%

It’s been recently revealed by the online publication the Daily Hold that there’s a crypto asset that made waves back in 2017 and now it seels that it is making a comeback.

All this is happening after the crypto got a surprise boost from the crypto exchange Coinbase.

In a blog post, Coinbase said that it is listing district0x – just in case you missed it, this is a platform that’s designed to allow developers to create decentralized marketplaces and communities that are called districts.

It’s also worth noting that its native asset DNT is an ERC-20 asset which is serving as a governance token, allowing the participation of investors in building the district0x network.

Following Coinbase’s announcement that the platform decided to add support for DNT, the crypto “surged by over 697% from a low of $0.0094 on November 5th to a 30-day high of $0.075 on November 10th”, according to CoinGecko.

We suggest that you check out the complete Coinbase announcement that triggered all this.

Also, check out more details in the Daily Hodl’s original article.

DeFi coins are surging

Other than this, while Bitcoin is consolidating around $15k, there are four DeFi coins which are also surging in the crypto market these days.

“Following the DeFi surge is derivatives liquidity protocol Synthetix as its native asset SNX is up over 81% after rallying to $4.52 on November 9th from a low of $2.49 on November 5th,” the Daily Hodl notes.

Check out the other three assets in our previous article. Stay tuned for more news and predictions.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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