Records show Casper (CSPR) which is also an IOU token has jumped 2,300% higher since May 6th.
At the time, the CSPR price was trading at its lowest value, $ 1.15 rising to $ 28 on May 10th. Earlier, the CSPR price during the Initial Coin Offering (ICO) on April 7 was recorded at $ 0.03.
For information, as an IOU token, parties interested in the launched project can trade using the token even if it has not yet been launched.
There are two factors that support the CSPR price movement:
Listing on the main platform
After the ICO, CSPR was listed on small platforms like BitZ, with a trading range at $ 3 until early May.
Ahead of the listing announcement on Huobi on May 9, CSPR prices began to see positive movements. It is reported that the trading volume on exchanges that list CSPR has increased 6 -fold, bringing the price 933 times more expensive than its price during the ICO.
Supported by collaboration and protocol projects
As soon as the Casper mainnet launches on March 31, the protocol announced potential collaborations with Terra Virtua, BIGtoken, WISeKey and Lead Ventures.
Not only that, Casper developers are working on the launch of a platform that issues grants for open source development (open source) for the Casper network, DEVvDAO.
Interestingly, this protocol is seen as a bright opportunity with a focus on growth and development in Africa and the Middle East, areas whose benefits have yet to be explored in the blockchain sector.
At the time of writing, Casper is trading at $ 35.80 with a jump of over 175% in 24 hours.
