What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%?

Last year, NUCypher and KEEP Network merged and created the Threshold Network, a decentralized organization that addresses the myriad of privacy and security concerns in the blockchain space. Its utility and governance token, T, has been on the rise since the start of 2023 as the network produced more buzz.

Timeline of Threshold

Threshold (CRYPTO: T) shot up 11.45% to $0.053 on Tuesday evening even as the rally in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) lost momentum. What Happened: The utility token of the project that came into being due to the on-chain merger of NuCypher and Keep Network in January 2022 has shot up 137.50% over a seven-day period.

Threshold (CRYPTO: T) is up over 94%, hours after Coinbase (NASDAQ: COIN) said it is adding it to its listing roadmap. What Happened: Threshold is a small-cap altcoin project built on Ethereum (CRYPTO: ETH).