Ethernity Chain becomes the top trading coin in the USA last week as it took advantage of the ongoing NFT mania and surpassed BTC as well so let’s read more in our latest Altcoin news today.
Although it’s the largest and most popular cryptocurrency across the world, BTC lost its top trading spot in the US a week ago and the first place went to an NFT platform called Ethernity Chain which hosts the NFT of skateboarding superstar Tony Hawk. At the same time, ERN’s price skyrocketed by more than 20 times since March. GoinGecko even breached the top ten trending assets in the US from March 20 to March 26th and the first digital asset by market cap takes the third spot weirdly enough.
BTC trails to Ecomi and what’s even more surprising to Eternity Chain. The latter is a blockchain-based platform that enables users to take advantage of the popular craze of NFTs and they can create their own unique digital artworks that are tokenized and traded on the blockchain. The project received traction from other notable names and one of them was skateboarding legend-Tony Hawk. He announced on his Twitter profile that he wants to share a video of what he described as his final 540 degrees Ollie trick on the halfpipe. Ethernity Chain also worked with BossLogic and said it intends to launch other NFTs related to the boxing legend Muhammad Ali.
All of this came before Etherntiy Chain became popular which made it the top-trending project in the US. While Ethernity Chain has been indifferent to NFT-related endeavors, the native cryptocurrency skyrocketed in value in less than a month. ERN as a utility token saw the light of day with a listing price of $0.275 but later after the end of the IDO on Polkastarted, ERN started trading at $3.50.
It took about five days to increase up to 10 times up to $33 and while that was impressive on its own, ERN continued further and reached a new ATH at almost $74 which marks a 2000% surge in 20 days since it started trading on the decentralized exchanges.