The coin known as XRB or Raiblocks has recently been priced at over $17 for the first time in a few weeks. The coin is at around $19 at the time this article was written, and looks like it could only continue to rise. The volume for the coin has been around $28 million as of recently, with a market cap sitting at around $2.5 billion. With the coin only being listed on a select few exchanges, this is quite a remarkable feat. Many theories have come out surrounding why the price of the coin could be going up as of recently. One of those theories is around faucet distribution, which basically states that there are no longer any ways to get the coin for free.
The price movement for the coin could be because the coin will likely be listed on the Binance exchange very soon. Given that Binance is one of the largest exchanges, this is a massive step in the right direction for the coin. Raiblocks won a community vote, for being one of the newest coins to be listed on the large exchange. One of the reasons that it has taken a while for the coin to get this much recognition comes from the fact that it can often be difficult for exchanges to integrate into their platform.
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This means that listing on several exchanges has been delayed by a short amount of time. Raiblocks developers recently released a statement showing how the coin will be swiftly integrated onto the large platform with relative ease. The hopes are high that this new listing will help to bring the coin into the spotlight as it represents a different methodology to the cryptocurrency world. As the coin is able to make its way into the mainstream crypto world, it will be interesting to see what happens to the price.