[Blockchain Today Reporter Jihye Han] The price of the first hyper ledger-based cryptocurrency Metacoin (MTC) rose 486% in one day. Metacoin was developed by Korea’s Inblock company.
Compared to other altcoins, Metacoin, which is not well known, has been confirmed to have increased its price by 486% within 24 hours after the announcement of its listing on Bittrex. Metacoin is an altcoin built on the hyper ledger network. Hyper Ledger Network is an umbrella project that utilizes open source technology with the aim of building a blockchain ecosystem for large companies. Metacoin became the first hyper ledger coin in 2018.
The Hyper Ledger is a system built by the Linux Foundation and supervised by’premium members’ made up of leading technology and financial companies such as IMB, JPMorgan, Fujitsu, and Hitachi.
On the 15th (local time), the Bittrex Global exchange announced that it has created a Metacoin wallet for MTC. Since the announcement price, the price of MTC coins has risen more than four times. It was $0.026540 on the 17th, but increased by 486% to $0.155600.
Metacoin trading volume hit an all-time high of $482,000. This is more than $444,000 in August 2020, two weeks after Metacoin was launched on the public market.
Interestingly, Bittrex Global has announced the listing of Metacoin, but there are currently no records of Metacoin on the site. The BTC/MTC pair is still’offline’.
Metacoin, which uses the Hyper Ledger cross-industry module toolkit as a starting point, is a multifunctional blockchain platform that can issue corporate tokens to the chain. The platform can also accommodate multiple DApps, including ColdBank, a cryptocurrency management service company using IBM’s LinuxONE technology, and blockchain game apps.
hjh@blockchaintoday.co.kr
