Cryptocurrency You’ve Probably Never Heard Of: 80,000% Achieved In 14 Days

Cryptocurrency You’ve Probably Never Heard Of: 80,000% Achieved In 14 Days

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Answer Cryptocurrency You’ve Probably Never Heard Of: 80,000% Achieved In 14 Days

There is a cryptocurrency you may not have heard of before called “Etheera” and it has started to appear in recent days among the top 100 cryptocurrencies on Coinmarketcap.

The value of the digital currency based on the Ethereum network has increased tremendously by more than 80,000% in just fourteen days.

80,000% growth in two weeks

According to data from Coinmarketcap, as of October 31, 2018, Etheera was trading at $0.0000051 at the end of October 2018. As at the time of the launch, the price of ETA stood at $0.012551 which is an increase of 83,573%.

Over the course of November, the ETA cryptocurrency experienced several price jumps that drove its price up astronomically. It started on the 1st of November when the price of Etheera suddenly rose from $0.000401 to $0.002658, an increase of more than 560%.

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The next price hike came between November 9 and November 10, 2018. During this period, the value of the coin (ETA) increased from 0.003228 to 0.011274 – this time the value increased by 250%. Within this rally, there was an initial rally of about 85%, which took the coin’s value to $0.005951.

The third increase occurred between Monday and Tuesday (November 12 to November 13, 2018). During this increase, the ETA rose by 11.3% to reach its current price of 0.012551. ETA’s market capitalization currently stands at $73.5 million, which puts it at number 84, according to Coinmarketcap.

New Etheera Coin Gains Trust Across Decentralized Platforms

Apart from the astronomical rise, the coin has attracted the interest of decentralized platforms to add it quickly. According to the Etheera Bitcointalk Index, platforms such as BarterDEX, Ethershift, HyperDEX, and Coinical have launched support for the cryptocurrency.

While all of these platforms are relatively small, LBank which is the 12th largest trading platform based on daily trading volume may be the next to support the fast-rising project. According to a blog post, “LBank has selected ETA as one of the cryptocurrencies for the upcoming voting round to determine which new cryptocurrencies to add on the platform.

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As of the time of publication, the daily trading volume was $220 million. At present, all ETA trading volume comes from Token Store activities performed against Ethereum (ETH). The listing by the “Lbank” platform may lead to the currency being popularized on a larger scale.

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