“Kyber Network has underperformed its peers and is still trading at a low market capitalization,” said one analyst.
The value of Kyber Network’s KNC Token has skyrocketed
Kyber Network’s KNC token is surging on a decentralized exchange (DEX) amid sluggish market activity.
According to CoinDesk 20 data, the token has increased nearly 40% in the last 24 hours to $2.21. Earlier today, the price reached a two-week high of $2.38.
KNC’s market valuation has risen above $400 million as a result of the increase. According to Messari, it is still in the mid-20s on the list of most prominent Defi protocols in terms of market value.
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