An altcoin, which is not well known in the crypto money world, managed to increase its value by 155% by catching a very rapid rise when it received a surprise support by the Binance exchange. Here is the current status of this surprise altcoin.
Decentralized code collaboration project Radicle (RAD) rose from $9.34 to $23.85 (about a 155% price increase) after the announcement. The altcoin is currently trading at $21.68.
The Radicle (RAD) network is a system that serves as an alternative to GitHub by allowing developers to collaborate via smart contracts rather than relying on permission from centralized system administrators.
While the RAD token runs on the Ethereum (ETH) blockchain, it offers discounted transactions and network governance influence to token holders.
According to the Radicle website:
“Collaborating on Radicle is a bit different from collaborating on centralized code collaboration platforms like GitHub and GitLab. While the network is completely open source, it does not contain any closed components at any stage. Every component of the Radicle stack is controllable, modifiable, and extensible. Radicle is based on a peer-to-peer architecture rather than a client-server model.”
Binance stated that RAD can be exchanged for Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), and Tether (USDT).
According to CoinGecko data, it currently ranks 166th on the RAD with a market cap of $451,184,221. The circulating supply is 20,970,836 of the total 99,999,130.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.