The price of EduCoin (EDU) has increased significantly in recent days, largely due to plans by Animoca Brands to purchase more EDU tokens, as well as positive moves from other backers.
1. **Animoca Brands’ Plans**: Animoca Brands announced plans to purchase more EDU tokens, and the news immediately drove up the price of EduCoin. Investors responded positively to this move by Animoca Brands, believing that it will bring more support and development potential to EduCoin [oai_citation:1,Open Campus Price: EDU Live Price Chart, Market Cap & News Today | CoinGecko](https ://www.coingecko.com/en/coins/open-campus).
2. **Support from other backers**: In addition to Animoca Brands, Sequoia Capital and Binance have also provided support for the Open Campus education protocol. The support of these well-known investors and platforms has enhanced the market’s confidence in the future development of EduCoin [oai_citation:2, Open Campus Price: EDU Live Price Chart, Market Cap & News Today | CoinGecko](https://www.coingecko.com/ en/coins/open-campus).
3. **Exchange Listing**: EduCoin is listed for trading on multiple major exchanges, including Binance, DigiFinex, BTSE and Bithumb, etc. The listing of these exchanges provides EduCoin with greater market liquidity and exposure, further driving its price increase [oai_citation:3,Open Campus Price: EDU Live Price Chart, Market Cap & News Today | CoinGecko](https: //www.coingecko.com/en/coins/open-campus).
4. **Increased market demand and interest**: As more and more educational content creators and users join the Open Campus protocol, market demand and interest in EduCoin is also increasing. This trend is reflected in growing transaction volumes and continued price increases [oai_citation:4,EduCoin (EDU) | CryptoSlate](https://cryptoslate.com/coins/educoin/) [oai_citation:5,Open Campus Price: EDU Live Price Chart, Market Cap & News Today | CoinGecko](https://www.coingecko.com/en/coins/open-campus).
Overall, EduCoin’s recent price gains have been driven primarily by large-scale buying plans, endorsements from high-profile backers, and widespread market interest. $EDU
