Keep Network (KEEP) had earlier been under strong market corrections during January as the whole cryptocurrency market was struggling. However, the token has established an uptrend as the new month of February began. The uptrend is going strong currently and the token is expected to dominate the bulls if the trend continues. At the time of writing, the cryptocurrency stands at a price level of $0.72. The KEEP token has gained by more than 20% during the day while the daily trading volume has surged upwards by more than 450%. KEEP token is currently standing at a market rank of #141 – making it one of the solid projects in the markets.
What is Keep Network?
The blockchain technology is considered to be revolutionary. The aspects of decentralization and complete transparency have attracted the masses; however, as the world moves towards a data revolution, concerns regarding privacy are becoming rampant. This serves as a roadblock in the adoption and growth of the blockchain technology which is why Keep Network enables users to keep data private on public and completely transparent blockchains. The platform consists of keeps – containers designed to keep data safe completely off the chain. Keeps run through smart contracts and ensure security and safety of sensitive data. Users or nodes who manage these keeps are then rewarded with the KEEP token of the network.
Moreover, Keep Network’s decentralized application, tBTC, has also garnered a lot of following which is a Bitcoin and Ethereum bridge. tBTC is an Ethereum-based token that is pegged to the price of Bitcoin.
Why should you look into the project?
The concept of data privacy is gaining a lot of traction and Keep Network offers a unique solution for the blockchain industry for the lack of privacy. The keeps of the network offer the necessary privacy and security while ensuring decentralization. Moreover, it is not a new project in the market and has garnered a solid base for itself.
There is also something big going on in the network. Keep token is merging with Nucypher – which is another big project in the market ranked at #152. Both the tokens will merge into Threshold Network Token, combining their existing technologies and userbase. Binance – the leading crypto exchange – has also vowed its support for the token merge. Keep Network is expected to climb higher as the merge approaches.
