🚀 What is the CYBER currency and why has its value risen by nearly 200%? 🚀
The CYBER currency has seen a massive increase today, jumping from a price of $1.85 to $5.33, an increase of about 188%, following its listing on the popular Korean trading platform Upbit, which has over 8 million users. 📈
✨ Reasons for the rise:
The announcement by Enlightify Inc. on July 17 of its intention to purchase up to $20 million worth of CYBER coins over 12 months, marking the first major institutional investment in the project.
The integration of the currency with artificial intelligence technologies, social context, and blockchain technology through the Cyber Network, Cyber.AI tools, and the smart assistant Surf, to facilitate the use of digital currencies and decision-making.
⚠️ Despite the significant rise, the Relative Strength Index (RSI) indicates that the price may be in overbought territory, suggesting a possible correction soon.
💡 The CYBER currency is part of a Layer 2 network on Ethereum, aimed at making the experience of dealing with digital currencies smarter and smoother.
Do you think CYBER will continue to rise or will the correction be swift? Share your opinion! 💬👇