Nu Rallies Up 44% on Binance Listing, Bitcoin and Ether Sell-off- CoinDesk

NOT, NuCypher’s native utility token, rose 44% in the past 24 hours since it was listed on the Binance cryptocurrency exchange.

Binance research tweeted it would list the cryptocurrency starting Friday. Following the announcement, the coin hit a 24-hour high of $ 0.51, a daily gain of 37.60%.

At a time when many cryptocurrencies are lower, NU is one of the few coins that posted positive gains over the past day.

The two top cryptocurrencies by market capitalization, Bitcoin and ether, were lower on Friday after Tesla CEO Elon Musk tweeted a breakup meme with “#Bitcoin” and a broken heart emoji.

According to Binance Press releaseNuCypher enables public networks and Dapps to access a data encryption and protection layer without having to rely on a central service provider.

Its CoinMarketCap ranking is # 135 and the coin has a live market cap of $ 316,757,236, according to data from the data page, a unit of Binance since April 2020.

The coin hit its all-time high of $ 1.13 on February 21, 2021, according to CoinMarketCap, and is trading at 0.49 cents at the time of writing.

Other altcoins that are on the rise today are filecoin (FIL), which hit an intraday high of $ 97.02 around 4 a.m. UTC. The cryptocurrency, with a market cap of $ 6.79 billion, is trading at around $ 88, up 6.76%.

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