#Kyber #Binance
Decentralized Exchange KYBER NETWORK’s KNC Token Jumps (100X) (To The Moon)
CoinDesk 20 data show the token increased almost 40% to $2.21 in the past 24 hours. The price hit a two-week high of $2.38 earlier today.
The rally takes KNC’s market cap back above $400 million. However, it still ranks in the mid-20s on the list of most prominent DeFi protocols by market value, according to Messari.
At press time, Uniswap is the biggest DeFi project, with a market capitalization of $15.6 billion. Aave and Maker (MKR, -0.64%) rank second and third at $4.86 billion and $3.56 billion.
“Kyber Network has underperformed its peers, still trading at relatively low market capitalization,” Denis Vinokourov, head of research at Synergia Capital, said, adding that the token is relatively cheap.
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