Daily Crypto Update: InsurChain [INSUR] Rises 59.56% in 24 Hours!
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Daily Crypto Update: InsurChain [INSUR] Rises 59.56% in 24 Hours!

There are many currencies that have gained in the last 24 hours but the currency that left everyone behind is InsurChain [INSUR].

InsurChain [INSUR] has risen 59.56 percent in the last 24 hours. The cryptocurrency saw a low of 0.001 USD yesterday, June 14 and is now being traded at 0.002 USD.

What is INSUR?

InsurChain is started by XLAB Foundation LTD.,a non-profit foundation organization founded in 2018 in Singapore. InsurChain will become the provider of the global blockchain infrastructure for all insurance markets around the world and a blockchain-based insurance ecosystem. On one hand, they will build an enterprise-level blockchain-based platform, on the other hand, they will also build scalable Dapps to support the system. They will leverage blockchain to address the pain point in insurance and improve operating efficiency of the entire industry. InsurChainCoin (INSUR) is the crypto token used in the InsurChain ecosystem. Users can exchange InsurCoin for various functions of InsurChain. Other that, InsurCoin can also be used as an asset in certain transactions on the platform.

Every blockchain enthusiast and developer for insurance is welcome to join the InsurChain Ecosystem and develop InsurChain-based applications. Every consumer can upload his idea and customize a policy for himself. Every third-party company can provide services for users within the ecosystem. Insurers can launch next-generation policies on InsurChain and leverage the underlying technologies.

InsurChain is operated by a multi-national team selected by XLab committee. Members of the team include insurance executives, InsurTech investors, blockchain experts and senior developers. Core members have more than 10 years of experience in insurance and have deep insights into InsurTech.

Reasons for the rise:

Although there isn’t any specific reason for the recent gain of the cryptocurrency, the gain could be because of the highly volatile nature of the crypto market.

Other Major Gainers

The top ten cryptocurrencies that have gained considerably in the crypto market in the last 24 hours apart from INSUR are:

Content Neutrality Network (CNN) has gained 51.35 percent, and FirstCoin (FRST) has gained 44.50 percent.

Commodity Ad Network (CDX) has gained 43.59 percent, and Pundi X (NPXS) has gained 33.64% percent.

MEDX ( MEDX) has gained 28.99 percent, and CommerceBlock (CBT) has gained 28.73 percent.

AdHive (ADH) has gained 27.37 percent, and BitSoar (BSR) has gained 27.11 percent.

Everus (EVR) has gained 26.81 percent and the last cryptocurrency which made its way into the list of gainers is Game.com (GTC) with 24.55 percent.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.