Bytom is Soaring. Why?Apr 13, 2018, 3:29PM
The cryptocurrency market is showing signs of a convincing recovery with most of the major assets going up. However, there is a new game in town called Bytom. Bytom has been rallying for much longer than the other assets in the market and looks like a good opportunity.
The cryptocurrency market has finally awoken from its multi-month slump, with many major assets posting double-digit gains for two days in a row on heavy buying momentum. However, there is a new game in town: Bytom (BTM). This previously obscure Korean blockchain platform has been rallying for almost a month straight and is up by almost 30% today alone.
Bytom started 2018 with a market cap of around $230 million. This was a time when Bitcoin, Ethereum, and many of the altcoins were at all-time highs. However, while the wider market fell into a wide slump going into 2018, Bytom did the opposite. Surging almost 300% from $230 million to almost a billion in less than 5 months. The current price per coin is $0.93.
What Makes Bytom Unique?
Bytom is not your typical ERC20 token. It is a fully-fledged blockchain protocol designed to synergize artificial intelligence with blockchain technology. The goal is to create what are called "heterogeneous bye-assets" that can operate in different forms on their own blockchains within the wider Bytom network. The project aims to focus on traditional asset classes like dividends and bonds.
While the technology behind the Bytom project may be confusing to most people, the investment potential is not - the asset is doing great. But despite its impressive performance, access to Bytom still remains somewhat limited to U.S-based investors who must wait for the coin to be added to more exchanges in the coming months.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.