Cyberconnect (CYBER), which debuted with Binance Launchpad and quickly found its place on the Binance list, has taken action again. The altcoin, which has been collecting volume especially in South Korea, recorded its new high above $ 15 today.
CYBER leads altcoin market gains
Cyberconnect (CYBER), which debuted with Binance Launchpad on the first day of last month, opened on Binance on August 15. The altcoin price gained 7x within hours that day. CYBER, which made ATH with $ 11, set its new peak with $ 15 on some exchanges today.
Data from Coinecko shows that CYBER price is making $10 ATH on other exchanges, while a different peak is emerging on Upbit. The intense interest of South Korean altcoin investors caused the CYBER price to climb as high as $15 on the local exchange. CYBER is currently trading at $10.01 on other exchanges, just below the ATH level.
CyberConnect is a new Web3 platform that helps developers build multi-chain social apps. Its value has doubled in the last 48 hours. But can the new altcoin maintain its strong performance, or will it fall to the side like many early promising Web3 projects? Analysts are divided on the issue.
What’s next for CYBER?
CyberConnect, a graduate of Binance Launchpool, has been gaining steady interest since its launch earlier this year. However, market performance has been weak until this week. The altcoin, which had previously failed to rise above $4.00, skyrocketed to $8.00 on August 29. It has continued to rise ever since.
After the exciting 48 hours, investors are wondering how far the altcoin price can go. Breaking the $10 milestone already raises expectations for a top of $15, as with Upbit.
Altcoin also surpassed the predictions of master analysts
Analyst for YouTube channel CryptoCache on Wednesday predicted that CyberConnect could approach $10.00. Altcoin surpassed this price in a short period of 48 hours. Based on his analysis of liquidity levels, “it would make sense for the price action to go into the $9.50 range,” the analyst said. However, he warned that if bearish, CYBER could drop between $5.30 and $6.50 in the next wave.
Looking forward, some popular altcoin price forecasters are expecting more gains before the end of the year. For example, CoinCodex predicts that it could close 2023 between $8.23 and $10.00 for the altcoin. Teleagon, meanwhile, is more optimistic. This platform predicts that the altcoin price will reach $12.86-18.62 in the next four months. However, this rally may be interrupted by the profit buying of companies that hold a lot of CYBER.
For example, on Thursday afternoon, a large CYBER whale moved a significant amount of tokens to the Bithumb crypto exchange. As Data Nerd observed, about 40,000 tokens were deposited on the exchange by DWF Labs, a Web3 investment firm that would double its initial investment if it sold the transferred CYBER. As Kriptokoin.com, we have included the details of the development in this article.
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