New Ethereum-Based Crypto Asset Surges 684% Amid Altcoin Breakout

New Ethereum-Based Crypto Asset Surges 684% Amid Altcoin Breakout


A new Ethereum-based crypto asset has posted massive gains in a span of 24 hours as the broader altcoin market ignites a furious bullish ascent.

88mph (MPH) is a decentralized finance (DeFi) newcomer that enables users to lend their crypto assets “at a fixed interest rate with infinite liquidity.” According to 88mph core team member Guillaume Palayer, users can deposit stablecoins and tokens such as USDC (USD Coin), UNI (Uniswap), and yCRV (Curve) to generate yield and farm MPH tokens.

CoinGecko reveals that MPH surged from its all-time low of $20.21 on November 20th to an all-time high of $158.51 on November 21st, representing an increase of over 684% in one day.

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Source: CoinGecko

However, the DeFi coin’s launch was far from perfect as 88mph hit a few technical snags that could have been

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