Today, CYBER crypto demonstrated a remarkable surge, increasing almost by 200% after its listing on Upbit. This article explores the key facts and events surrounding the token's profile and functionality.
Initial Surge of CYBER on Upbit
CYBER crypto recorded a rise of 188%, climbing from an opening price of $1.85 to an intraday peak of $5.33. This surge was driven by the token's listing on Upbit, South Korea's largest crypto exchange, which unlocked access to over 8 million of its users. The sharp price increase resulted in what is referred to as a "god candle", propelling CYBER's price above the $2.00 resistance level that had capped its actions since February. The current rise is close to the December peak of $5.80.
Enlightify's Investment in CYBER
Today's listing on Upbit coincided with Enlightify Inc.'s announcement on July 17 regarding its plans to acquire up to $20 million in CYBER tokens over the next 12 months. This marks the first institutional investment in the project. Enlightify plans to accumulate tokens gradually, employing a DCA strategy, holding them as long-term assets.
What is CYBER Crypto?
Launched in 2023, the Cyber network integrates AI and social context to simplify the usage and understanding of cryptocurrency. It consists of three main components: Cyber Network, Cyber.AI, and Surf.
1. Cyber Network is an Ethereum Layer 2 solution that brings social primitives on-chain, providing new intuitive experiences for users. 2. Cyber.AI is a powerful suite of AI tools designed to provide crypto intelligence, transforming complex data into clear, contextualized insights. 3. Surf is Cyber's AI copilot that assists users in making smarter, faster crypto decisions by unifying on-chain metrics, social data, and market signals into a single interface.
CYBER crypto exhibits interest from both investors and users, fueled by its listing on Upbit and Enlightify's backing. With its functionality and prospects, the combination of AI technologies and blockchain is likely to draw further attention in the crypto community.
