Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: coingabbarmarket on October 16, 2023, 01:38:05 PM

Title: Increased Activity Makes Stablecoin Lender Liquity’s Token Gain 80%
Post by: coingabbarmarket on October 16, 2023, 01:38:05 PM

Liquidity Token Surge 80% in the Past Month Due to Activity Increase
When the broader cryptocurrency market remains sluggish, Liquity's native token, LQTY, has surged 80% in the past month. A decentralised borrowing protocol, Liquidity where users can secure loans in LUSD by supporting ETH as collateral. During this period LQTY's price increased from $0.75 to $1.35, with notable performance differences in other cryptocurrencies like Bitcoin (2% increase), Ethereum (3% loss), and Solana's SOL (20% gain). The Liquidity token currently holds a market capitalization of around $120 million. With an A rating from stablecoin agency Bluechip potentially boosting investor confidence. Increased activity and staking rewards contributed to this surge.