CyberHarbor token CHT surged more than 200% to a new all-time high Wednesday morning. This bullish move was propelled by Bitcoin’s jump to the $29k level and the token being listed on Indonesia’s largest crypto exchange indodax. CHT traded near $15 as profit taking increased.
CHT, the native token of blockchain monitoring network CyberHarbor, surged to a new all-time high early Wednesday as the crypto market saw growth. CyberHarbor price reached the $34 peak on June 21 as Bitcoin raced to the $29,000 level for the first time in weeks.
What drove the price higher? The price of CHT rose sharply after news of a major institutional push for more crypto adoption via spot Bitcoin ETFs, led by global asset investment giant BlackRock, set off the latest crypto bounce. These gains brought weekly and 30-day gains to over 200% and 800% respectively. Before this, the token was highlighted for listing on indodax, the largest Bitcoin and cryptoasset trading platform in Indonesia.
As of writing, CHT had pared most of the gains, losing over 58% of its value as profit taking deals mounted.
So, what is CyberHarbor? CyberHarbor (CHT) is a decentralized network that offers real-time anomaly monitoring. The multi-chain tool is able to detect threats across platforms in the crypto and Web3 ecosystems, including in DeFi, oracles, cross-chain bridges and governance. The platform’s blockchain-powered technology scans transactions and performs security tests for block by block changes, tracking metrics such as token and token holder transaction information and short-term security tests.
