The cryptocurrency, Nuls (NULS) posted a 265.97% jump yesterday.
The last time NULS jumped high was on April 18, 2021 before declining and re-trading at around $ 0.3- $ 0.7 for a period of 6 months.
Not sure what led to this asset surge but Nuls ’official tweet earlier this morning indicated a dumping signal the project had used NULS for DeFi solution development.
Briefly about Nuls (NULS)
Nuls is an open source blockchain that offers instant business solutions for interested developers.
The platform offers micro services, smart contracts, cross-chain interoperability and instant chain-building.
Among other factors that may drive the price of NULS:
Nuls’s collaboration with TakerSwap, a layer-2 multi-chain autonomous marketplace (AMM) maker on Lightning Swap Protocol.
Nulswap was officially operational in Nuls on November 29 with support for a wide range of crypto assets from most blockchains.
Integration between NerveBridge and Niftyfuse that allows FUSE tokens to be transferred from Nuls to Ethereum, Polygon, Binance Smart Chain, Harmony, HECO Chain, KuCoin Community Chain, and OKExChain.
The asset hit a daily high of $ 0.4 before declining nearly 14%, trading at $ 1.3 at the time of writing the article. But it still recorded an increase of almost 16% in 24 hours.
