What is Kryll (KRL) crypto and why is it rallying?

March 23, 2022 08:59 AM PDT | By Rupam Roy

What is Kryll (KRL) crypto?

Kryll (KRL) is an automated trading strategies platform launched by a French team in February 2018. According to its website, it is a "zero dev skill" automated strategies building platform.

The platform allows users to browse, create, and implement cryptocurrency trading strategies on the cloud through a drag and drop editor. Its marketplace offers users hundreds of strategies created by its community to choose from.

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Kryll claims that experienced traders can make their own strategies with complex technical indicators without having any programming knowledge by using its visual editor.

KRL is the native utility token of the platform, powering the Kryll ecosystem. Users can make payments for their activities on the platform through KRL. The KRL token is available on crypto exchanges like Gate.io, KuCoin, Coinbase Exchange, etc.

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Why is it rising?

The company's innovative services may have drawn investors’ attention to the crypto. In addition, it recently announced to attend two of the most popular events in the blockchain space, the Paris Blockchain Week Summit or PBWSummit and Binance Blockchain Week 2022.

The PBWSummit will be held from April 13 to 14 at Palais Brongniart, Paris, and the Binance Blockchain Week will commence from March 28 to 30 in Dubai. The increased investors’ attention may have fuelled a KRL price rally.

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Source: *Data provided by CoinMarketCap.com

Bottom line:

The KRL token was priced at US$0.9354 at 10:43 am ET on March 23, up 37.90%, while its volume for the last 24 hours surged 2303.53% to US$15.67 million. It has a market cap of US$35.67 million, and its fully-diluted market cap is US$46.27 million.

The token's total supply is 49.41 million, and its current circulating supply is 38.13 million. It returned 89.04% gains in the past 12 months.

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