Web3 Social Network Altcoin Surges Over 308% in a Week Amidst Stagnant Crypto Market

A web3 decentralized social network altcoin achieved a new all-time high on Friday, bucking the prevailing crypto market stagnation.

CyberConnect (CYBER) aims to empower developers in creating social apps that prioritize user ownership of digital identities and data.

The native asset of the project, CYBER, surged to a new all-time high of $15.36 on Friday, marking an extraordinary 308.9% increase from its $3.59 value just one week ago. As of now, CYBER is trading at $14.68 and has seen an impressive 77% surge in the last 24 hours alone.

The exact catalyst behind CYBER's significant gains remains unclear, though it's worth noting that Binance, the world's leading crypto exchange by volume, recently introduced trading services for the asset. Additionally, Binance initiated a 'Simple Earn CYBER Quiz Promotion' earlier this week. The first 45,000 Binance users who read an article on CYBER and successfully complete a quiz with all correct answers will receive 0.25 CYBER in a 150-day locked product position.

Binance's locked products offer rewards in exchange for locking assets for predetermined periods with set redemption dates. This promotion, available until September 12th, exclusively caters to customers who have never subscribed to Binance's Simple Earn locked products before.

Sep 03, 2023

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