Metacoin jumped 486% after the announcement of "Bitrix" to list the currency against Bitcoin

an alternative currency, not known as Metacoin (MTC), surged to a gain of 486% in just 24 hours on January 18, after BETREX announced that it would list the coin. Against Bitcoin (BTC).

built on the Hyperledger Network, Metacoin is a comprehensive open-source technology project focused on building licensed blockchain ecosystems for large organizations across the industry. MetaCoin became the first hyperledger digital currency to achieve master network status when it was launched in 2018.

Hyperledger was founded by the Linux Foundation and overseen by a group of distinguished members, who include leading technology and finance companies such as IBM, GBMorgan, Fujitsu and Hitachi And more.

On January 15, the Bitrix Global Cryptocurrency Exchange announced that it had opened its Metacoin wallet for MTC deposits, and that trading against Bitcoin would soon follow.

Just over 48 hours after the ad was released, the value of each MTC coin more than five times. From a price starting at $ 0.026540 Sunday night, the currency's value against the dollar more than fivefold, reaching a short peak of $ 0.155600 on Monday afternoon - an increase of 486%.

Metacoin's trading volume has reached an all-time high of $ 482,000 a day, all of which stem from one Bitcoin trading pair on the Liquid Exchange. This exceeds the trading volume of $ 444,000 recorded in August 2020, during the first two weeks of the currency in the open market.

It is worth noting that despite the rally that followed the Bitrix Global announcement, there is no trading data for Metecoin yet on the site, and the Bitcoin vs MTC pair is still indicated on It is offline.

with the industry-standard suite of tools in mind from Hyperledger as the starting point, MetaCoin acts as a multifunctional blockchain platform where tokens can be issued for business and trading on the chain.

The platform also hosts a number of decentralized applications, including Cold Bank, a cryptocurrency storage service that uses IBM's Linux One technology, as well as gaming applications Blockchain.