Business Article
The cryptocurrency market will halt the week on a definite gift after including more than 2% to its designate in the closing 24 hours.
The broader crypto market has added more than 2% in the closing 24 hours. At press time, the full cryptocurrency market cap stands above $1.26 trillion.
Bitcoin is trading above $30okay as soon as more after spending the large majority of this week below this threshold. Ether, the sphere’s second-largest cryptocurrency by market cap, is trading at $2,000 as soon as more after including more than 2% over the previous few hours.
KNC, the native token of the Kyber Community Crystal, is the most productive performer amongst the tip 100 cryptocurrencies by market cap. Over the closing 24 hours, KNC has added more than 24% to its designate.
The foremost catalyst on the serve of this ongoing rally is the inaugurate of the KyberSwap referral marketing campaign. The Kyber Community team announced through Twitter on Friday that it will be giving freely $2,000 in KNC tokens to the fortunate winners.
The team acknowledged ten random fortunate winners would creep away with $200 in $KNC rewards.
✍️Introducing #KyberSwap’s Referral Advertising and marketing campaign! $2000 in $KNC Rewards Up for Grabs When You Fragment! 🤝
🍀🥳10 random fortunate winners strolling away with $200 in $KNC rewards!
⏰Advertising and marketing campaign is from 20 Would maybe perchance to 26 Would maybe perchance so walk! 🏃♂️💨
🧐Be taught guidelines on how to participate: https://t.co/HrsA5tIjNN
— Kyber Community (@KyberNetwork) Would maybe perchance 20, 2022
Business Article Key ranges to glimpse
The KNC/USD 4-hour chart is for the time being the most bullish amongst the tip 100 cryptocurrencies by market cap. The technical indicators demonstrate that the coin has outperformed many other coins nowadays.
The MACD line is above the neutral zone, indicating a definite momentum. The 14-day relative strength index of 71 shows that KNC would maybe soon enter the overbought role.
At press time, KNC is trading at $2.779 per coin. If the rally continues, KNC would maybe surge previous the first major resistance level at $3.13 sooner than the halt of the day. Within the tournament of extended certain efficiency, KNC would maybe alternate above the $3.5 resistance level for the first time in three weeks.
