Share this article
NU Rallies 44% on Binance Listing While Bitcoin, Ether Fall on Musk Tweet
NU is one of the few coins that has shown positive gains in the past day.
Updated Sep 14, 2021, 1:06 p.m. Published Jun 4, 2021, 6:42 p.m. 1 min read
NU, the native utility token of NuCypher, shot up by 44% over the past 24 hours following its listing on the Binance cryptocurrency exchange.
Binance Research tweeted it would be listing the cryptocurrency as of Friday. Following the announcement, the coin reached a 24-hour high of $0.51, a one-day gain of 37.60%.
At a time when many cryptocurrencies are lower, NU is one of the few coins showing positive gains in the past day.
The top two cryptocurrencies by market capitalization, bitcoin and ether, were lower Friday after Tesla CEO Elon Musk tweeted a breakup meme with “#Bitcoin” and a broken heart emoji.
#Bitcoin 💔 pic.twitter.com/lNnEfMdtJf
— Name (@elonmusk) June 4, 2021
According to the Binance press release, NuCypher enables public networks and dapps to access a data encryption and protection layer without having to rely on a central service provider.
Its CoinMarketCap ranking is #135 and the coin has a live market capitalization of $316,757,236, according to data provided by the data site, a unit of Binance since April 2020.
The coin reached its all-time high of $1.13 on Feb. 21, 2021, according to CoinMarketCap, and is trading at 0.49 cents at the time of writing.
Other altcoins on the rise today include filecoin (FIL), which reached an intraday high of $97.02 at around 4 a.m. UTC. The cryptocurrency, which has a market capitalization of $6.79 billion, is trading at around $88, up 6.76%.
Read more: Bitcoin Drops After Musk Tweets of Breakup
More For You
From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
What to know:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
Top Stories
