PolySwarm (NCT), an anti-malware and threat detection project, has seen a surge in popularity since it was listed on several crypto exchanges like Coinbase.
Polyswarm currently trades at $0.12, up 372% from its previous price a week ago.
PolySwarm specializes in cybersecurity software. It uses NCT, its native token, to reward participants who take part in the Cybersecurity data collection and insights exercise.
Why is the price of PolySwarm rising?
On January 13, PolySwarm (NCT) alongside Propy (PRO), Inverse Finance (INV), and Liquidity (LQTY) were listed on Coinbase’s full retail platform.
According to Coinbase’s Twitter account, the four altcoins (PRO, INV, and LQTY) will be available in the Coinbase Android, Coinbase iOS apps, and Coinbase.com for the customers to log on, buy, send, receive, trade, or store LQTY, INV, PRO and NCT in most of the Coinbase supported regions.
LQTY and PRO are now available https://t.co/iQARfimGvY& in the Coinbase iOS and Android apps.
— Coinbase (@coinbase) January 13, 2022
NCT is not the only altcoin on Coinbase that has seen a rise in prices. Inverse Finance (ETH-based token) has seen a rise of nearly 20% in the past seven days. It offers a range of banking tools that allow for decentralized finance and is backed by Ethereum.
Propy’s native token (PRO) rose by more than 147% within this period. Its platform automates real property transactions to reduce the chance of fraud while saving time.
The liquidity native asset (LQTY), which is a decentralized borrowing platform that has seen a rapid rise in liquidity, soared by almost 33% over the past week.
Polyswarm was also available on Coinbase’s Coinexcom, HuobiGlobal, and MEXC-Global.
Deposits are open
Soon, trading will begin👇
— Huobi (@HuobiGlobal) January 13, 2022
The NCT price explosion was triggered by the listing of four crypto-exchanges.