Why is Crypterium (CRPT) setting market on fire?

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Why is Crypterium (CRPT) setting market on fire?

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 Why is Crypterium (CRPT) setting market on fire?
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Highlights

  • The Crypterium (CRPT) can be dubbed as a digital mobile crypto bank.
  • The CRPT token was witnessing a rally of over 150% and volume gain of over 780% on 25 March.
  • Ranked 515, the token was trading at the US $0.740004 with a 24-hour trading volume of $127,248,556 on 25 Mach, according to CoinMarketCap.

The Crypterium (CRPT) can be dubbed as a digital mobile crypto bank. The Crypterium, as a fully regulated financial institution in the European Union, offers three-layer security and anti-fraud protocol that secures the investors' funds. 

Offering services in more than 180 countries, the Crypterium offers a seamless crypto-to-fiat payment mechanism through the Crypterium card, allowing the digital currency holders to use them at more than 42 million retailers worldwide and withdraw from ATMs globally. The project was termed as one of the ‘Emerging 50', according to KPMG and H2Ventures in a report.

On 25 March, the token was witnessing a rally as it was up by over 150%. It also saw a significant volume gain of over 780%. 

Also read: Can David Beckham help DigitalBits (XDB) sustain its rally?

Why is Crypterium rallying? 

The CRPT token was rallying on the back of the announcement of its Coinbase listing, which happened on 24 March. The Coinbase listing will allow the market participants to trade in pairs of CRPT-USD, CRPT- USDT, and CRPT-Euro. And not just Coinbase, it has got listed on Huobi and Hoo exchanges as well on 24 March, which shows its strong growth trajectory.  

The London-based firm also announced that to celebrate the Coinbase listing, it will be opening a trading lottery from 25 March at 10:00 AM GMT with a prize pool of US$20,000.  

With this, Crypterium would be looking to draw new users to its platform. In order to burn the fuel for transactions, the platform deducts a fee that is equal to 0.5% from the holder.

Also read: Squid Games, Tesla Coin: Famous Crypto Coins that are Dead Now

How is Crypterium crypto's price faring?  

Ranked 515, according to CoinMarketCap, the token was trading at the US$0.740004 with a 24-hour trading volume of $127,248,556. The CRPT crypto was up by 158.81% and was enjoying a live market cap of US $60,272,668 with 81,424,533 CRPT coins in circulation, as of 25 March 2022. 

The CRPT token has been setting the market on fire of late, with gains of over 45% in the past 14 days. If one were to look at its performance over the past year, it has made gains of close to 72%, according to CoinGecko. 

Crypterium's rally is mind-boggling and could tempt investors to jump in to go with the flow. However, it's important to realise that cryptos are highly volatile, and their prices can change at any given time. Therefore, one must study the risks and benefits of the crypto market before jumping the bandwagon and do their respective market research thoroughly. 

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