Keep3rV1's KP3R token was i of the few altcoins that emerged unscathed from this week's surly turn in the crypto market.

While many digital assets plunged into the blood-red following the lead of Bitcoin (BTC), which recoiled subsequently recording a new all-time high concluding calendar week, KP3R added 31.60% against the U.S. dollar and 44.17% against BTC between Nov. 12 and nineteen.

Let's investigate what drove the splendid operation and which factors made the altcoin stand out in the face of the dour dynamics of the wider market?

Founder'southward magic

Much of the momentum underpinning KP3R's explosive cost movement throughout the nugget's history tin can be attributed to Andre Cronje, the founder of Keep3r Network. Cronje is an eminent effigy in the decentralized finance (DeFi) space and also the founder of yield farming aggregator Yearn.finance, ane of the meridian DeFi protocols in the crypto sector.

Commencement appear in October 2022, Keep3r Network is a job registry designed to match organizations and other task providers with technical professionals, or Keepers, who tin can perform routine tasks such equally collecting yield farming harvests.

The Keep3r ecosystem eventually expanded to include Keep3r Eden, a system of rules that enables transparent ordering of transactions; Fixed Forex, a market place aimed at providing an alternative to dollar-denominated stablecoins; and an options liquidity mining platform.

Historically, there's e'er been a lot of investor excitement effectually KP3R because the token has seen many spikes of rapid appreciation since its initial listing on Uniswap. The belief that Cronje's touch could turn any project into an ultra-successful enterprise could exist fueling the positive sentiment around the nugget.

November's bull run

This fall, having spent much of September and Oct trading at around $300 per token, KP3R saw its price shoot upwardly sharply on Nov. viii, around the fourth dimension when the total value locked in Keep3r Network'due south Fixed Forex exceeded $1 billion.

As the token's price began to soar, the patterns of trading volume and social sentiment around KP3R arranged in a manner that looked increasingly like to the token's previous moments of explosive price action. This was attested by the asset'due south very strong VORTECS™ Score — an algorithmic indicator comparison a token's historic dynamics of trading and social activity to those currently observed. Exclusively available to the subscribers of Cointelegraph Markets Pro, the VORTECS™ Score assesses whether the current weather are bearish, neutral or bullish given the historical record of the token's price action.

On November. eleven and 12, KP3R was trading at just above $1,000, having most tripled in price over the previous calendar week. The token's VORTECS™ Score was in the high eighties, indicating the algorithm's pregnant conviction that KP3R's outlook for the adjacent 12 to 72 hours remained bullish and farther upside could be expected.

VORTECS™ Score (greenish) vs. KP3R price, Nov. eleven – 18. Source: Cointelegraph Markets Pro

Crypto exchange listings tend to boost token prices

On November. 12, an announcement of a new Binance trading pair, KP3R/USDT, dropped on Twitter. Markets Pro subscribers received a about-instant alert of the evolution thanks to the platform'due south NewsQuakes™ functionality (cherry circumvolve in the chart).

KP3R's price did not fasten immediately, but after several hours the asset pulled off an immense rally, shooting up from $976 to the high of $ane,923 in just 17 hours — a nearly 100% increase.

Granted, a Binance listing is large news for any digital asset, simply in the instance of KP3R, the announcement had landed on extremely fertile ground. The organization of trading activity and social sentiment metrics were already tremendously favorable, and a spark provided by Binance'south tweet triggered an extremely powerful price spike. Cointelegraph Markets Pro subscribers were alerted to both bullish conditions shaping up effectually KP3R and the news itself.

Cointelegraph is a publisher of financial information, non an investment adviser. We do non provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and bear significant risk including the take a chance of permanent and full loss. Past performance is not indicative of futurity results. Figures and charts are correct at the time of writing or as otherwise specified. Alive-tested strategies are not recommendations. Consult your financial counselor before making financial decisions.