Why is Numbers Protocol (NUM) crypto gaining attention?

August 26, 2022 11:31 PM AEST | By Rupam Roy
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  • The NUM crypto jumped more than 21 per cent on Friday morning.
  • Numbers Protocol made a new listing announcement on August 25.
  • The token returned gains of about 47 per cent in the last 30 days.

The Numbers Protocol (NUM) crypto seems to be gaining attention from investors, as reflected by its rising price. Its price was up more than 21 per cent on Friday morning, while its volume for the trailing 24 hours rocketed over 832 per cent.

Now, the question remains what could be bolstering gains in the crypto? Let's explore the recent developments, price, and performance of the crypto with Kalkine Media®.

What is Numbers Protocol crypto and why is it rising?

Numbers Protocol focuses on creating a decentralized photo network to help it build a community. It claims to redefine digital visual media as a property of the creators. To achieve that, it provides many tools that help the users to register and retrieve pictures and videos in the Numbers Protocol ecosystem.

It primarily offers five user tools, including the Capture app, Seal API, Certificates, CaptureClub, and a non-fungible token (NFT) search engine.

The Capture app claims to be the world's first blockchain camera that would help users register their images and utilize Web 3 applications. The developers and organizations could execute the Number API for registering images while accessing their Web 3 addresses and certificates through Seal API.

The certificates are meant to authenticate the digital content. Meanwhile, its CaptureClub is it’s a non-fungible token marketplace that focuses on allowing image authors to sell their work.

The NFT search engine is also a unique tool that claims to be the first of its kind. It aids the users in verifying the background of NFTs while preventing potential fraud on the non-fungible tokens.

Meanwhile, Numbers Protocol announced a new listing on August 25. It said its native token, NUM, has been listed on the Uphold exchange.

It said it is excited about its listing on such a global platform during its listing announcement. The listing would allow the NUM token to expand its liquidity while increasing its capacity to reach more investors.

The NUM token is also listed on other major exchanges like MEXC, KuCoin, etc.

Numbers Protocol (NUM) crypto price and performanceSource: ©Kalkine Media®; © Canva via Canva.com

Bottom line:

The price of the NUM token was US$ 0.0703 at 8:04 am ET on August 26, noting a jump of 21.08 per cent in the last 24 hours. Its one-day volume rocketed 832.40 per cent to US$ 4.59 million on Friday morning.

Its market cap totalled US$ 10.97 million at its current trading price, and its fully-diluted market cap jumped to US$ 70.39 million. The Numbers Protocol crypto posted gains of nearly 23 per cent in the last seven days while rising over 47 per cent over one month. However, despite the gains in recent weeks, it lost about 93 per cent on a year-to-date (YTD) basis.

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