Why ApeCoin, Synthetix, and NEAR Protocol Popped Today
A whipsaw of moves ended with crypto values jumping sharply on Friday morning. But we're already seeing signs of that move fading.
As of 12:30 p.m. ET, ApeCoin (CRYPTO: APE) had traded up 20.5% from low to high in the past 24 hours and is up 12.7% in that time. Synthetix Network (CRYPTO: SNX) gained as much as 17.9% and is currently up 5.6%, while NEAR Protocol (CRYPTO: NEAR) popped 12.3% and is now up 5.1%.
The most significant news was the Synthetix DAO, or decentralized autonomous organization, announcing a partnership with Jump Crypto that's intended to "complement Synthetix's mission to become the liquidity backbone for on-chain derivatives."
Source Fool.com
