By Tyler S - Cryptocurrency Broker - 11-08-2021
It has been a good week for traders who invest in cryptocurrency as the prices to buy crypto have had a sudden increase. Recently, we have seen quite a few cryptocurrencies rallying in a dynamic market surge. Bitcoin (BTC) lead the rally by beating its $40k resistance and even rising past $43k.
Other cryptocurrencies have followed Bitcoin and had a sudden or even dramatic increase as well. One example of this is IOTX, which has witnessed an explosive 100% increase. IOTX is the native token to the platform IoTeX, a decentralisedblockchain network that allows humans and machines to interact with assured trust, free will, and economic incentives.
Within the last 24 hours, IOTX has seen a 110.41% increase in value, and while ranking #106 on the crypto board, it appears to be taking the lead from crypto coin giant Bitcoin in this week's crypto coin surge. If the price continues to rise in value at its current rate, it won't be long until it reaches the status of being in the top 100 cryptocurrencies.
The recent increase for buying crypto has brought the coins worth up to $0.06962, bringing in a market capitalization of $662,906,126 as of writing. The market cap, like the price, also rose significantly by an outstanding 113%. The current price wave shows that the currency is now closing in on its all-time high of $0.07839.
Reportedly, IOTX has also hit the media with its latest debut on Coinbase Pro in response to increased customer demand.