Daily Crypto Update: KNC rises 11.12 percent in 24hrs
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Daily Crypto Update: KNC rises 11.12 percent in 24hrs

Kyber Network (KNC) has risen 11.12 percent in the last 24 hours. The cryptocurrency saw a low of 1.38 USD yesterday, May 31 and is now being traded at 1.45 USD.

What is Kyber Network (KNC)?

Kyber Network aims to bridge the gap between blockchain technology and real-world application. Through empowering both users and businesses in the cryptosphere, we seek to widen and accelerate the adoption of the technology worldwide. With Kyber, we believe that the future of blockchain can be now.

Every transaction will be unremarkably satisfying – plain safe and secure. No deposit or registration required. We’re all about providing a simple, smart service. Enjoy the pleasure of convenience and instantaneous transactions with us.

Elevate your own platform with Kyber and enjoy lightning-fast token conversion/transfer. Give your wallet the power to do more. With Kyber, token transfer has never been simpler or faster. We provide a platform for you to make and receive payments in your token of choice. Now anyone’s favourite token can be everyone’s.

Reasons for the Rise

While there isn’t any specific reason for the recent gain of the cryptocurrency, the gain can certainly be accredited to the highly volatile nature of the crypto market.

Other Major Gainers

The top ten cryptocurrencies that have gained considerably in the crypto market in the last 24 hours apart from KNC  are:

Nebulas (NAS) has gained 10.47 percent, and Mithril (MITH) has gained 8.58 percent.

Theta Token (THETA) has gained 9.35 percent, and Huobi Token (HT) has gained 6.66 percent.

IOST (IOST) has gained 6.07 percent while Ontology (ONT) has gained 4.71 percent

GXChain (GXS) has gained 4.52 percent, and Hshare (HSR) has gained 3.68 percent.

IOTA (IOTA) has gained 3.50 percent and the last cryptocurrency which made its way into the list of gainers is Ark (ARK) with 3.29 percent.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.