Low-Cap Altcoin Soars 372% in One Week After Earning Surprise Support From Crypto Exchange Coinbase

A low-cap altcoin has skyrocketed by more than 372% in the past seven days after receiving full trading support from Coinbase this week.

PolySwarm (NCT) is a threat detection and anti-malware project that was listed by Coinbase Pro on Wednesday, alongside altcoins Inverse Finance (INV), Liquity (LQTY), Propy (PRO).

All four crypto assets then received listings across the exchange’s full retail platform the following day.

PolySwarm uses its native token, NCT, to reward users who assist in the collection of cybersecurity data and insights. The 344th-ranked crypto asset by market cap is trading at $0.12 at time of writing, up 372% from where it was priced one week ago. NCT was down nearly 29% on Friday, however.

This week, the prices for the other three altcoins likewise rose by varying amounts. Inverse Finance (INV), an Ethereum-based token offering a suite of banking tools for decentralized finance, is up nearly 20% in the past seven days.

The decentralized borrowing platform Liquity saw its native asset, LQTY, shoot up by nearly 33% in the past week.

Propy’s native token, PRO, surged by more than 147% in the same period. Propy is a platform that automates real estate transactions to save time and reduce the likelihood of fraud.

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Featured Image: Shutterstock/Willyam Bradberry/Sensvector