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Reading: Breaking News: Major Buyback Announcement Brought 80 Percent Rise to Altcoin
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EdaFace Newsfeed > Latest News > Altcoin News > Breaking News: Major Buyback Announcement Brought 80 Percent Rise to Altcoin
Altcoin News

Breaking News: Major Buyback Announcement Brought 80 Percent Rise to Altcoin

vitalclick
Last updated: October 9, 2024 7:28 pm
1 year ago
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Mobility continues in altcoins. In the last hour, 2 different altcoins rose by almost three digits due to the news. Bitcoin $62,122 Although the price remained at $ 62,000, the buyback good news announced for PROS Token caused the altcoin with a market value of $ 10 million to increase by more than 80 percent. The rise still continues.

PROS Coin Rising

Animoca Brands supplement from open market PROS tokens will buy and after this news, the price of the altcoin began to rise rapidly. The price, which was below $0.3, rose above $0.52 at the time of writing. The announcement read:

“Animoca Brands today announced its intention to purchase additional PROS tokens on the open market. PROSis Prosper’s utility token that has been redesigned to bring institutional-grade Bitcoin mining power on the network and aims to provide full exposure to the Bitcoin hashrate and the broader Bitcoin ecosystem.”

It is unclear how long the rise will continue and the amount of purchases. The price may increase further with additional announcements and the start of purchases in the coming hours. Since the market value is quite low, the purchase amount can trigger extremely significant movements.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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