Up 50%: Ethos Rallies Big After Crypto Wallet Launch

Gravity-defying might be the ideal method to describe the “ethos” market this week.

Designed to electricity an ecosystem of payment gateways and pockets, tthat he ethereum-based token picked up a bidding at $1. 20 per week ago programmers behind the campaign informed markets about an impending “big announcement.” Traders reacted along with the crypto asset stayed bid about $1.

Rumors could swirl for days, with some speculating a significant deal with Wall Street was in the works. However, the large statement was be the launching of Ethos Universal Wallet, which aims to allow users to save all their tokens and cryptocurrencies securely and safely onto the mobile device.

Ethos established the pocket at the Netherlands, Germany along with the US within the previous 3 days, also has gained lots of attention throughout the investor community.

Ethos token climbed to a top of 3. 35 on Wednesday – the greatest since May 14, based on CoinMarketCap before falling back under $2. 00. Ranked #72 according to market capitalization, Ethos is trading at $ 1. 90 – up a strong 50 percentage week-on-week and is among the best acting of the best 100 cryptocurrencies.

Further, the trading volume jumped greater than 400 percentage week-on-week, adding credence to the cost rally.

Still, regardless of what the enthusiasm, the information that the program system that the token is seeking to electricity is much closer to the vision was not just enough for the job to determine all-time highs.

After launch last June, costs payable a record high of 10. 41 on January 7. )

Plastic balls through Shutterstock

The pioneer in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and abides with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Original post first appeared in https://www.coindesk.com/up-50-ethos-rallies-big-after-crypto-wallet-launch/

Leave a Reply