Keep3rV1 (KP3R) faces new ATH this month because …
Keep3rV1 (KP3R) is one of the few altcoins that survived this week’s bloodbath on the crypto market unscathed.
While many digital assets are in the red with Bitcoin on top, KP3R gained 31.6% versus the USD and 44.17% versus BTC between November.
Let’s take a look at what drove KP3R’s stellar performance amid the broader market gloom.
Much of the driving force behind KP3R’s explosive price volatility throughout the asset’s history can be attributed to Andre Kronje, the founder of Keep3r Network. Kronje is a well-known figure in the field of decentralized finance (DeFi) and founder of yEarn.finance (YFI), one of the leading DeFi protocols in the crypto space.
First announced in October 2020, Keep3r Network is a job register that brings organizations and job providers together with technical professionals or caregivers who can perform routine tasks such as high yield farming.
The Keep3r ecosystem was eventually expanded to include Keep3r Eden, a rule system that enables transparent trade orders, with a fixed forex market that offers an alternative to USD-denominated stablecoins and an optional liquidity mining platform.
Historically, KP3R has always been the focus of investors, as the token has seen many rapid price increases since it was first listed on Uniswap. The belief that Kronje can turn any project into a super successful business may have fueled the positive vibe surrounding the property.
After KP3R spent most of September and October trading at around $ 300, KP3R saw a massive price spike on November 8 when the total value on the Keep3r network’s fixed forex topped more than $ 1 billion .
As price began to rise, the volume patterns and psychosocial around KP3R began to resemble its earlier explosive price action moments.
Listing on Binance
On November 12th, Binance notification about the listing of KP3R / USDT on Twitter.
The token price didn’t go up instantly, but after a few hours the asset rallied huge, rising from $ 976 to a high of $ 1,923 in just 17 hours – a nearly 100% increase.
A listing on Binance is important news for any digital asset, but in the case of KP3R, the announcement was made against a backdrop of extreme optimism. Trading activity and psychosocial indicators were inherently cheap and a spark sparked by Binance’s tweet sparked a huge boom.
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According to Cointelegraph