Investors continue to show tremendous interest in the projects of developer Andre Cronje, despite the General decline in activity in the space of decentralized Finance (DeFi).
The last such project – Keep3r Network – Cronje launched yesterday, warning users that it may contain bugs. For this reason, they should not risk funds that they are not prepared to lose, he said. At least this time, the developer managed to give the green light to use its contract, announcing the release of its first version. At the end of September, users invested $15 million in a yet-to-be-released Cronje project called Eminence Finance and lost that money.
The Keep3r Network is a " decentralized network of custodians for projects that require external devops, and for external teams to find work as custodians." In other words, it is a platform for performing various tasks for developers based on smart contracts with its OWN kp3r token.
In connection with the release of Keep3r Network trader Josh Rager wrote: "I've been up all night for the past week, waiting for Andre to launch a new coin soon. Instead, it runs it at 4am my time when I'm sleeping. I missed an early opportunity, but a break above $167 here could be a good sign of continued upward movement."
The analyst made no mistake in his forecast. According to CoinGecko, today the token reached $381, thus rising by more than 1,500% per day. The growth to the peak from the starting prices turned out to be many times greater, but it is unlikely that many traders had time to go to these levels. With a turnover of $165 million, KP3R entered the top three most popular DeFi tokens in the last 24 hours.
Meanwhile, the token of Cronje's most famous project yearn.finance (YFI) is trading at $11,520. This is the lowest level it has fallen to since it started climbing in August and peaked around $44,000 in mid-September.