Great rush for Cyber $CYBER, a cryptocurrency perhaps unknown to most, which has however recorded a performance of over 100% gains in the last few hours. Behind this incredible rush is the Upbit treatment, which has already done wonders for the cryptocurrencies affected.

Upbit is a very popular crypto exchange in South Korea that manages to significantly push prices when certain cryptocurrencies are listed. When a crypto arrives on Upbit, it becomes available for trading operations by Korean users, who are historically very active in the sector.

What is behind the CYBER boom?

Nothing fundamental, in the sense that the project is exactly the same as yesterday or last week. The wave of purchases that led the token $CYBER to achieve a 100% gain in just a few minutes is linked to the listing on a popular Korean crypto exchange.

Upbit announces the listing, which means the inclusion of a specific token on its platform, and this generally results in significant price increases.

  • Why?

Because entering Upbit is equivalent to entering a market, the Korean market, which is and will remain one of the most relevant in the crypto world.

Typically, following Upbit's announcement, there are always substantial increases in the quotations, although not all are able to maintain these levels over time.

What is CYBER?

Cyber is a layer2 on Ethereum that primarily focuses on decentralized social networks. The offered insight is that of a useful infrastructure for developing decentralized apps that allow content creation and monetization, with the ambitious goal of providing a useful alternative to Web2.

Cyber includes several interesting technical issues: from the CyberDB database to CyberConnect as a protocol, combined with the presence of account abstraction and the possibility of having seedless wallets.

The project is still missing, with its token, from several of the main exchanges.

How sensible are these increases?

They are actually a typical mechanism that unfortunately says little about their possible duration. When the listing is announced, significant purchases of the token being quoted begin – which usually resolve within a few hours or lose strength.

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