Binance-backed CyberConnect (CYBER), which became famous for its gains throughout August, is looking for new peaks around the time the Alchemy Pay partnership emerged. The trending altcoin leads the day’s gains with a double-digit rise.
CYBER, which debuted with Binance Launchpad, is accepted by industry giants
As reported by Kriptokoin.com, the price of CYBER broke a unique record today. While trading at $10 on other exchanges such as Binance, it has set a new ATH at $15 with a margin of $5 on Upbit. This price difference is mainly based on the high demand caused by South Korean altcoin investors. Investors received the second bull news from CYBER in partnership with Alchemy Pay.
In a hot development, cryptocurrency payment provider Alchemy Pay has partnered with CyberConnect to enable users to purchase CYBER tokens using fiat currency. As a result of the integration, followers of CyberConnect games and digital content will be able to purchase Cyber without first converting them to other cryptocurrencies. The altcoin, which debuted with Binance, continues to take the stage with new partnerships.
📢@CyberConnectHQ token $CYBER is now accessible via #AlchemyPay's Fiat On-Ramp.
Users in the #CYBER community can easily and compliantly acquire CYBER using their familiar fiat payment methods and preferred fiat currencies.https://t.co/agDoVoEj2F$ACH pic.twitter.com/mUpye1wR1G— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) September 1, 2023
Both companies said the deal offers fiat currency users a seamless way to access Cyber. John Tan, CEO of Alchemy Pay, stated that the agreement is an important milestone. This is because it has not led to greater adoption of cryptocurrencies in payments in the gaming industry. Tan also stated that the altcoin partnership has expanded its usage areas in other sectors. A strong start with Binance provides leadership in different industries for CyberConnect.
Altcoin price gained momentum after the partnership news
CyberConnect (CYBER) price started a strong rise of around 10% in September. Alchemy Pay partnership, revealed later in the day, fuels the altcoin rally. CYBER is currently trading in the $13 region, where it has gained 15% over the last 24 hours.
What is CyberConnect? Why is it so prominent?
CyberConnect is a Blockchain project that operates as a decentralized social networking and content platform. This platform allows users to create, share and discover content. It also encourages content production by offering rewards to participants. The project first became known with Binance Launchpad in August.
The CyberConnect project aims to play an important role within the Web3 and decentralized applications (DApps) ecosystem. Such platforms enable direct interaction between content creators and content consumers. However, unlike traditional social platforms, it allows users for more control and rewards.
One of the reasons why the altcoin project is so prominent is that it debuted on August 1 with Binance support. On this date, CyberConnect entered the crypto scene via Binance Launchpad. On August 15, the day it was listed on Binance, it rose 7x to peak at $11. With the intense interest of South Korean investors, it is currently seeking new peaks.
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