Radicle’s RAD token has witnessed a price increase of more than 50% in the last 24 hours despite the widespread crypto market weakness.
Radicle (RAD) screams higher
While the price of bitcoin (BTC) and many of the established altcoins have dipped significantly in the past 24 hours, with BTC and ETH hovering around the $27,989 and $1,828 regions respectively, the scenario is much more bullish for radicle (RAD).
Radicle is an open-source, decentralized peer-to-peer code collaboration system similar to centralized platforms like GitLab and GitHub. Radicle comes with a P2P replication protocol known as Radicle Link, which enables developers to code and build decentralized applications (dApps).
At the time of writing, RAD token is exchanging hands for $3.84, representing a 47% increase in the 24-hour timeframe. Looking at the larger picture, RAD token price has increased by over 138% this week.
With a market cap of $203,543,122, RAD is the world’s 183rd-largest cryptocurrency. Despite its strong bullish momentum this week, RAD token is still down by 85.13% from its all-time high of $27.61 reached in April 2021.