A cryptocurrency token that grew by 63% per day is named

The value of the Request cryptocurrency (REQ) has increased significantly as of the morning of October 16, 2022. The decentralized finance (DeFi) platform’s token quotes have soared by 63.63% in the last 24 hours alone.

The virtual asset was available for purchase on the market at $ 0.153, and its capitalization reached $ 155 million, which allowed the digital currency to climb to the 148th line in the ranking of the world’s best cryptocurrencies.

Analysts said that they saw no objective reasons for such a rapid increase in the value of the Request Network asset and attributed this state of affairs to a banal pump. They noted that in recent days, many cryptocurrencies from the DeFi sector have been spiking and significantly increasing in price for no reason.

The theory of a bubble is supported by the fact that REQ’s daily trading volume exceeded its capitalization and reached $ 204.88 million.