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NKN Price Rises 37% After Team Release Monthly October Report

Anna Martynova

NKN is up over 37%, becoming the top gainer on Crypto.com, followed by UMA (+ 34%) and Boson Protocol (+ 16%). NKN is trading at $0.59 at the time of writing, according to CoinMarketCap and has grown more than 12% in the last 24 hours. NKN has a market cap of $412 mln, being the 161st largest cryptocurrency.

NKN is a new type of network protocol and peer-to-peer network ecosystem running on its own public blockchain. NKN allows sharing of network bandwidth and Internet connectivity via the P2P model.

The advantage of NKN is that the P2P network allows users to sell their internet connection in exchange for NKN tokens. Currently, there are more than 96 thousand NKN nodes operating around the world. NKN works without directly using an IP address, which ensures privacy and security for both the host and the user.

Image: Altcoin Buzz

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