ICON and WanChain Tokens recorded massive 40 percent gains in the crypto exchange market while many cryptocurrencies like Ethereum and Bitcoin maintained their low price range. Bitcoin has remained comparatively steady in the $7,700 region in the past 24 hours as Bitcoin Cash, Ethereum, Ripple, EOS and Stellar all verified small losses in the range of 1 percent.
Unpredictably, the price of ICON, WanChain, Nano, WaltonChain, Ontology and Aion surged against both USD and Bitcoin. Against Bitcoin, Nano, Dent and ICON logged 44 percent, 30 percent, and 10 percent gains respectively, as the best performing cryptocurrencies.
In spite of the slight decrease in the value of Ethereum and EOS tokens have recorded a 9 percent rise in value on average. ICON can be credited to the team’s plan to buy back $5 million worth of ICX in the short-term, which the ICON team revealed as one of their numerous creativities of 2018.
Wanchain aims to build a major money market for digital assets. It is an infrastructure combining various digital assets in the crypto exchange market. As a division of Ethereum and a platform for (dApps), the publicity around WanChain has increased since the release of its 2.0 version.
On the other hand, ICON has even collaborated with Kyobo of South Korea, signing a memorandum of understanding (MoU) to grow blockchain-based applications for the insurance firm. While the huge increase in the price of tokens like Nano, ICON and WanChain likely have to do with day-to-day instability than long-term creativities.
Can Tokens Continue This Momentum
As per the news published in CCN, as of August 26, the volume of the crypto exchange market remains less than $11 billion, with the volume of Bitcoin having failed to $3.9 billion from $4.5 billion. If the main cryptocurrencies fail to see a retrieval in their volume, in the next 24 hours, it is extremely likely for tokens to withdraw and the market to remain in the least price range.
The post ICON and WanChain Tokens Records 40 Percent Hike In Crypto Exchange Market appeared first on OWLT Market.
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