Proton (XPR) has continued its upward trajectory, rising 7.7% in the last 24 hours and 3.9% over the past week. At around $0.0064—or 0.00000006 BTC—per coin, the cryptocurrency’s performance illustrates its growing appeal among investors.

Bitcoin soared 5% to $117,300 after Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, resulting in massive short liquidations. Analysts now say the “uptrend is back,” putting a target of $200,000 by year’s end within sight.