Dubai-based token PEAKDEFI (PEAK) has raised on Thursday at 68% for 24 hours. Now, it’s trading above $0.55, ranked at position 249 with a market cap of $286,608,797.
PEAKDEFI started a monster rally on Aug. 22 but ran into some volatility as some investors appear to have fixed their profit. However, on Thursday, the coin was trading by nearly 70% higher as new investors are seeking out how to buy the PEAK coin.
PEAKDEFI (PEAK) is known as the native token of the PEAK Tech DeFi ecosystem launched by a team based in Dubai, which aims to offer a decentralized and permissionless asset management fund called PEAKDEFI fund, a crypto wallet called PEAKDEFI wallet app, as well as an education and software platform called MarketPeak for helping users better understand cryptocurrency and DeFi principles.
The PEAK token is playing a role as a utility token within the PEAK Tech DeFi ecosystem.
Going by its recent bullish trend, which has catapulted the token over its previous all-time high, PEAKDEFI (PEAK) could be seen as a good investment. Nevertheless, as the cryptocurrency market is extremely volatile, meaning sentiment can shift from bull to bear at any moment.
According to a press release, PEAKDEFI is a decentralized, performance-based asset management fund, programmed as a Quantstamp audited smart contract on the Ethereum blockchain. Simply put, investors can invest in the contract and buy a share of the PEAKDEFI fund, whereas managers can participate in on-chain trading with the fund’s capital. PEAKDEFI is run by a team of dedicated specialists, from marketing experts to tech developers, succeeded in creating a solution both accessible and reliable for its users.