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<pre class="wp-block-verse has-text-align-center"><strong>Altcoin </strong>surpasses $ 1 after its developer was acquired by the first-ever public <strong>cryptocurrency exchange Coinbase</strong></pre>



<p>The value of the <strong>Bread token</strong> has surged more than 500% overnight, to current levels of $ 1.06, according to <strong><a href="https://www.coingecko.com/en/coins/bread" target="_blank" rel="noreferrer noopener">CoinGecko</a></strong>. </p>



<p>Its price began to rise after the <strong>altcoin </strong>developer <strong>Breadwallet</strong>, which also develops the eponymous <strong>cryptocurrency wallet</strong>, <a href="https://brd.com/brd-joins-coinbase" target="_blank" rel="noreferrer noopener">announced </a>the purchase of the <strong>Coinbase crypto exchange</strong>.</p>



<p>The project representative stressed that after the transaction, no changes will appear in the <strong>wallet application</strong>, and users will be able to conduct transactions as usual. The application was launched at the dawn of the <strong>crypto market</strong> in 2014. At the moment, the <strong>wallet serves </strong>over 10 million users.</p>



<p><strong>Coinbase </strong>is the world&#8217;s first public <strong>crypto exchange</strong>. In April of this year, it was listed on <strong>NASDAQ </strong>(without <strong>IPO</strong>). </p>



<p>At the peak, the value of the stock exchange&#8217;s shares reached $ 429.5 per share, then they fell in price. At the close on November 24, the value of the company&#8217;s security was $ 312.38.</p>



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