SelfKey (KEY) Fighting for Survival After Pumps

SelfKey (KEY) had a choppy week, with a 50% price variance, climbing as high as $0.04. Now, KEY will have to show whether it can defend the higher price levels. KEY lined up among the most traded assets on Binance, but the rapid price gains unraveled, sending the price down 15% overnight to $0.023. Because more than 92% of KEY trading happens on Binance, those price spikes are possible, as one market can be easily beset by bots, or a concerted effort to pump the price. This makes KEY both promising, and risky. KEY also rose in response to a handful of flash pumps, which started with a potential API exploit and rogue orders for Syscoin (SYS). KEY, which is still an Ethereum-based token, is in the phase where it would release its proprietary wallet. The project’s aim is to allow users to own their identity through cryptographic protection. The…

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