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Bitcoin is trading between $33,000 and $35,000, with altcoin markets posting more bullish than the leading cryptocurrency. Today, one token made a surprising splash. KuCoin Token has seen a steep price increase following some announcements on Twitter, including a football-themed giveaway.

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What happened: KuCoin’s altcoin has increased by 40% in the last 24 hours

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The value of KuCoin Token is trading at $11.11 as of writing. The coin was changing hands at around $7 earlier last week. The sudden price action followed the announcements made by the cryptocurrency exchange behind the token. Earlier today, KuCoin announced the $30,000 listing and raffle for FormationFi (FORM), a distribution event for 2CrazyLive. In addition, he announced that he carried out a free survey for users. Last week, the cryptocurrency exchange asked football fans to post a photo with the KuCoin logo while watching the Euro 2020 matches, and again announced a raffle.

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https://twitter. com/kucoincom/status/1412240378602823682

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Altcoin earned 40x more than Bitcoin today

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Cryptocoin. com

As we reported , Bitcoin gained 1 percent in the last 24 hours, while KuCoin Token (KCS) increased by 41 percent according to the data. KuCoin ranks 85th among coins ranked by market cap, with a market cap of $865 billion. Altcoin’s 7-day gain is 52.5 percent, and its 14-day gain is 76.1 percent. KuCoin Token hit its all-time high on January 10, 2018 – at its current price, it has since lost 44.9 percent of its value. On an annual basis, KCS experienced an increase of over 1,000 percent.

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KuCoin Token is a profit-sharing token that usually allows traders to extract value from the exchange. It was released as an ERC-20 token that works on the Ethereum network. It is also supported by most Ethereum wallets. The total supply of KCS is set at 200 million, a planned coin burn is taking place until only 100 million KCS supplies remain.

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