FNK has seen a price rise of over 320% in the last seven days alone as buyers have swooped in.

FNK is a custodian platform that pays interest on deposited crypto assets and stablecoins. The platform promises to pay APYs (annual percentage yield) of up to 25% for crypto deposits and 20% for stablecoins, such as USDT (tether).

The project has seen some dramatic price increases of late, with a boost of 597% in the last 30 days. To put this into perspective, an investment of $100 made 30 days ago would now be worth nearly $700 – which represents a sevenfold increase for anyone who decided to buy FNK 30 days ago.

Where to buy FNK

CedarFX

CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.


Register with CedarFX instantly

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.


Register with Binance instantly

Why should I buy FNK?

For making this decision, it is highly recommended that you do your own research. Although the coin has seen a rise in price in recent days as traders buy FNK, their whitepaper is written in Russian, making it hard for non-speakers to understand exactly what makes the project tick.

However, some traders will have been able to trade its price moves successfully despite not understanding this or what the developers’ aims and intentions are.

Trading volume has risen by 258% in the last 24 hours to reach $158,868,033 – which indicates that there is strong buying pressure for the project. If this continues, traders could continue to make profitable trades.

This post was originally published on Coinjournal.