threshold (CRYPTO: T) rose 11.45% to $0.053 on Tuesday night, Bitcoin Bitcoin/USD When ethereum Ethereum/USD lost momentum.
What happened: The utility token of the project born from the on-chain merger of new cypher When keep the network In January 2022, it increased by 137.50% in 7 days.
The Threshold Network is centered around the tBTC v2 project, which acts as a decentralized trustless bridge between Bitcoin and Ethereum.
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Important reasons: On Monday, Threshold’s T Coin surged more than 90% afterward. Coinbase Global Co., Ltd. coin We have announced a roadmap for the listing of Ethereum-based digital assets.
According to previous reports, the roadmap does not guarantee listing, as T Coin must first go through the platform’s review process.
Still, T Coin’s price momentum is intact despite Bitcoin dropping 1.6% to $22,621.07 and Ethereum dropping 4.8% to $1,552.25 at the time of writing.
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