Keep3rV1 (KP3R) was one of the few cryptocurrencies that survived this week’s bearish volatility in the cryptocurrency market.

While many digital assets have plummeted after Bitcoin (BTC), which plunged after breaking a new record last week, CP3R is up 31.60% against the dollar and 44.17% against BTC from November 12-19. …

Let’s take a look at what drove the impressive performance and what distinguishes cryptocurrencies from the bleak dynamics of the broader market?

Founder’s Magic
Much of the momentum that forms the basis of KP3R’s sharp price action throughout the asset’s history can be attributed to André Cronier, founder of the Keep3r Network. Cronier is a prominent figure in decentralized finance (DeFi) as well as the founder of YEarn.finance (YFI) Yield Aggregator, one of the top DeFi protocols in the crypto sector.

First announced in October 2020, the Keep3r Network is a job registry designed to match organizations and other job applicants with technicians or guardians who may perform routine tasks such as harvesting crops.

The Keep3r ecosystem gradually expanded to include Keep3r Eden, a rules system that enables transparent sequencing of transactions, a stable forex market designed to offer an alternative to stacked coins denominated in USD, and a platform for extracting liquidity.

Historically, KP3R has always generated a lot of investor enthusiasm as the token has seen many peaks with rapid valuation since its first listing on Uniswap. Believing that Cronier’s touch can turn any project into a super successful company can help build a positive attitude towards an asset.

Beef race in November
After spending most of September and October trading around $300 for the token this fall, KP3R prices soared around November 8, while the total value of Keep3r Networks Fixed Forex crossed the $1 billion mark.

As the price of the token began to rise, the patterns of volume and social sentiment around KP3R were regulated in a way that increasingly resembled the first moments of explosive movement in the price of the token. This is confirmed by the very high valuation of the VORTECS Asset – an algorithmic indicator that compares the historical dynamics of trading and social activity of the token with those observed now. The VORTECS vurder, available exclusively to Cointelegraph Markets Pro subscribers, allows you to assess whether current conditions are bearish, neutral or bullish, given a historical overview of the coin’s price movement.

On November 11 and 12, KP3R was trading at just over $1,000 after nearly tripling its price from the previous week. The valuation of VORTECS™ coin was at the level of the 1980s, indicating great confidence in the algorithm that the forecast for KP3R in the next 12-72 hours will remain optimistic and further growth can be expected.

VORTECS™ Result (in green) vs. KP3R Prize, November 11-18. Source: Cointelegraph Markets Pro
Cryptocurrency listings tend to increase token prices
On November 12, a new trading pair from Binance, KP3R/USDT, was announced on Twitter. Markets Pro subscribers received an almost immediate development notice thanks to the NewsQuakes™ platform functionality (red circle in the diagram).

The price of KP3R did not rise immediately, but after a few hours, the asset rallied sharply, from $976 to $1,923 in just 17 hours – almost 100% growth.

Admittedly, the listing on Binance is significant news for any digital asset, but when it comes to KP3R, the announcement proved to be very fruitful. The pattern of trading activity and the gauge of social sentiment were already very favorable, and the spark that Binance’s tweet triggered led to a very sharp price hike. Cointelegraph Markets Pro subscribers were alerted to both bullish conditions surrounding KP3R and the news itself.

LEAVE A REPLY