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DREP Price Surges 20% After Surprise Announcement By CoinQuora

admin by admin
March 17, 2021
in Coingecko
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DREP Price Surges 20% After Surprise Announcement By CoinQuora
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DREP Price Surges 20% After Surprise Announcement
  • DREP price surged after a surprise announcement on Twitter.
  • The token rose over 20% and set a new all time high.
  • The announcement seems to be part of the DREP 2.0 product line.

Decentralized Reputation System (DREP) price surged over 20%, setting a new all-time high (ATH) after a recent surprise social media post. Based on CoinGecko data, the DREP price reached $0.01880277 on March 15.

Prior to the price surge, DREP posted a surprise post on Twitter.

A surprise #announcement for the upcoming #DREP secret KILLER product We can’t wait to share it, though its launch is less than 2 WEEKS AWAY:

Boost circulation of multi-assets (#NFT, etc) Support #ETH+#BSC+#Heco+#Gatechain, etc HUGE benefits for all $DREP holders pic.twitter.com/U5OsMzMkMi

— Official DREP (@DrepOfficial) March 15, 2021

The news seems to have pushed the already bullish crypto higher, thus helping it set the new ATH. In fact, DREP price has risen 107.9% over the last month.

However, the ‘killer product’ seems to be part of the wider DREP 2.0 product line reported in February. With the 2.0 upgrade, DREP will be moving from frictionless blockchain toolkits to DeFi Credit Protocol.

In addition, as part of the upgrade, the DREP token is also getting an upgrade via a token swap that will take up to 6 months. Under the upgrade, the DREP token will become the primary solution for fee payments and valuation of the entire DREP network.

DREP helps its users quantify and monetize their reputation value. The blockchain aims to address the issue of fake news and digital identification which is prevalent on the internet. Thus, as the DREP token takes a more central role in the credit-data network, its demand will also rise.

DREP is not the only blockchain to benefit from an upgrade. also surged after announcing its now successful Mary upgrade.

This article first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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