Little-Known Crypto Surges Over 100% This Week

A not-so-popular crypto was able to surge more than 100% this week. Check out the latest reports about this below.

An under-the-radar customer loyalty crypto project has skyrocketed by more than 101% this week amid new global expansion efforts.

The MiL.k Alliance (MLK) bills itself as a platform “that brings together the points of lifestyle services and makes them interchangeable for other services” for its customers.

“The project’s native token, MLK, is worth $0.55 at time of writing, up from $0.273 one week ago. The 223rd-ranked crypto asset by market cap is also up 15.8% in the past 24 hours,” the online publication the Daily Hodl says.

It’s also been revealed the fact that the MiL.k Alliance’s gains come amid a bourgeoning global expansion effort.

Last month, the project inked a new partnership with GetPlus, an Indonesia-based loyalty point integration platform. Both platforms agreed to a point exchange service that they plan to launch in Q2 2023.

Jungmin Cho, the chief executive of Milk Partners, the firm that operates MiL.k, states the following:

“The usability of MiL.k has been globally expanded through this partnership with GetPlus, which is the largest point integration service in Indonesia… from this partnership with GetPlus, we will expand various blockchain-related businesses in Indonesia by utilizing our technology and experience.”

The fund boss Anthony Scaramucci says one major catalyst is likely to cause a wider adoption of crypto assets.

In a new interview with Yahoo Finance, the SkyBridge Capital CEO says the fallout from the US banking failures will prompt more people to invest in top crypto assets like Bitcoin (BTC) and Ethereum (ETH).

“You have a regional banking crisis in the United States. And there is a crisis of confidence related to deposits and how the Fed is going to handle these things. There will be a move, maybe slowly in the beginning, but there will be a move for diversification into more digital assets, specifically things like Bitcoin and Ethereum.”