Daily crypto update: BTM rises 12.56 percent in 24 hours!

Daily crypto update: BTM rises 12.56 percent in 24 hours!

Bytom (BTM) has risen 12.56 percent in the last 24 hours. The cryptocurrency saw a low of 0.62 USD yesterday, May 19, and is now being traded at 0.69 USD.

What is Bytom (BTM)?

The project Bytom was conceived by the end of 2016, and launched by the beginning of 2017, with the consistent effort from the development team, Bytom released three test nets of Spark, Scope, and Nue, implementing basic functions. In the meanwhile, the unique Bytom mining consensus algorithm was published.

Bytom is an interactive protocol of multiple byte-assets. Heterogeneous byte-assets that operate in different forms on the Bytom Blockchain and atomic assets can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom. Bytom will NEVER charge any fees/tokens, nor ask for your wallet’s private key or seed words in any way.

Reasons for the Rise

One of the biggest reason for the rise of the cryptocurrency is that last week Bytom was invited to many events and for other reason all over the world. As such, there has been a rise in the popularity of Bytom in Korea and rest of the world.

It is also worth noticing how volatile the crypto market is.

Other Major Gainers

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

Bitcoin Diamond (BTD) has gained 11.61 percent, and Decred (DCR) has gained 8.11 percent.

Cortex (CTXC) has gained 8.04 percent, and Holo (HOT) has gained 7.92 percent.

Tron (TRX) has gained 5.84percent while Digibyte (DGB) has gained 5.50 percent

MaidSafeCoin (MAID) has gained 5.10 percent, and Komodo (KMD) has gained 4.77 percent.

The last cryptocurrency which made its way into the list of gainers is Gifto (GTO) with 4.21 percent.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.