Threshold (CRYPTO: T) shot up 11.45% to $0.053 on Tuesday evening even as the rally in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) lost momentum.

What Happened: The utility token of the project that came into being due to the on-chain merger of NuCypher and Keep Network in January 2022 has shot up 137.50% over a seven-day period.

The Threshold Network has been attracting buzz around the tBTC v2 Project, which functions as a decentralized and trustless bridge between Bitcoin and Ethereum. 

#Bitcoin holders  @tBTC_project https://t.co/VRAfCzk9mc

— Threshold Network (@TheTNetwork) January 23, 2023

See Also: Is Bitcoin A Good Investment In 2023

Why It Matters: On Monday, Threshold’s T coin shot up over 90% after Coinbase Global Inc (NASDAQ:COIN) announced a roadmap for the listing of the Ethereum-based digital asset.

The roadmap doesn’t guarantee a listing as T coin must first pass the platform’s review process, according to a prior report. 

Even so, the price momentum in T Coin has remained intact, even as Bitcoin dropped 1.6% to $22,621.07 and Ethereum by 4.8% to $1,552.25 at the time of writing.

Read Next: Bitcoin-Loving Bukele Thumbs Nose At Media As El Salvador Pays Off $800M Debt: 'They Lie And Lie..'