API3 and Drip Network tokens are surging at a time when the global crypto market is nose-diving. The global crypto market cap, for instance, has seen a 10.42% decrease over the last 24 hours and it currently stands at about $1.64 trillion.
Bitcoin, which is the world’s most popular cryptocurrency and the largest cryptocurrency by market cap, has dropped from above $40K to trade at $35,787.34 at the time of writing. Ethereum, the second-largest cryptocurrency, has dropped from above $30K to trade at $2,504.82 at the time of writing.
API3 price surge
API3 has surged by more than 30% in the last 24 hours. At the time of writing, it was trading at $6.44 with a daily high of $6.97.
The surge in the price of API3, a token whose blockchain network is dedicated to ensuring that people can create and manage decentralized APIs, is highly attributed to the Binance listing.
Binance announced that it shall list API3 yesterday and went ahead to list the coin today at 10:30 AM UTC.
Learn more 👇https://t.co/0DbTVpBQYQ
— Binance (@binance) January 22, 2022
API3 had started rallying on the day before, on January 20, in anticipation of the Binance listing and it surged higher once Binance confirmed the rumors by announcing it shall list the token.
Drip Network (DRIP) price surge
Drip Network token, DRIP, has seen a rise of more than 1% in the last 24 hours. It was trading at $83.94 at the time of writing and it has hit a daily high of $84.81.
DRIP token has been rallying since January 11, 2022, and its bullish trend has not been affected by the ongoing crypto market bloodbath.
There is no major news about the token and it is believed to be rallying purely on its rising popularity and trading volume.