Recent global events have highlighted the importance of holding funds that are not a part of the conventional economic system, for instance, cryptocurrency.
The most recent project that has sky-rocketed in potential is Kyber Network Crypto (KNC), which is multi-chain cryptocurrency liquidity and trading hub.
As per Cointelegraph Markets Pro, the price of KNC Kyber Network Crypto has jumped to a new high. It has bounced up from $2.83 to $4.04.
A jump of 55.4% is quite significant and has got people interested in the potential of cryptocurrency.
The main reason behind the sudden momentum in KNC stock is its integration with ten different blockchain networks.
KyberSwap crypto platform now offers trading across Polygon, Ethereum, Avalanche, BNB Smart Chain, Fantom, Oasis, Aurora, Arbitrum, Velas and Cronos.
Other reasons include the launch of a liquidity mining program with Avalanche and protocol integrations to expand the outreach of Kyber Network.
The combined value of these three factors is driving the investors wild, and the price of KNC is oaring despite average market conditions.