iExec's token more than doubled in a day, and it is the most searched coin on CoinGecko right now.
$RLC is up about 140% over 24 hours to near $0.93, after trading as low as $0.38, per CoinGecko. Its 24-hour volume is roughly $292 million, more than three times its market cap of about $81 million.
I could not find a clear news catalyst behind the move in major outlets. In my view, a volume-to-market-cap ratio that high usually means a lot of short-term trading, and moves like this can reverse as fast as they arrive. Worth watching, but with caution.
💬 What do you think is driving the RLC spike?
#Altcoins
$RLC is up about 140% over 24 hours to near $0.93, after trading as low as $0.38, per CoinGecko. Its 24-hour volume is roughly $292 million, more than three times its market cap of about $81 million.
I could not find a clear news catalyst behind the move in major outlets. In my view, a volume-to-market-cap ratio that high usually means a lot of short-term trading, and moves like this can reverse as fast as they arrive. Worth watching, but with caution.
💬 What do you think is driving the RLC spike?
#Altcoins