The relatively new and unknown Eternal Token (XET) has skyrocketed in price over the last twenty-four hours. The price hike has come almost a month after the token has entered the African and Asian market.
The token has entered the top 100 in market capitalisation on coinmarketcap and is very shortly expected to breach the top 50. The coin has gone up almost 985% against btc in a week.
The growth that the token has seen is a slightly unprecedented and there are mixed feelings about the coin. The community is taking it slow to make sure that the trend is not a typical pump and dump, but by the looks of the growth spurt, it does look like a genuine hike in value.
The eternal is a platform that allows users to have a central dashboard from where they can track, manage and spend their digital assets. Instead of having multiple accounts and wallets and credentials, Eternal integrates all of them into one ecosystem and allows users to have a single point of access.
The platform is also working on allowing cryptocurrency users and spenders an easy way to convert their tokens. Becoming a crypto conversion hub is one of the platform’s main aims.
The token recently made an announcement about a partnership with a business firm in the Philippines, The Eternal Wallet PH Holdings Inc. Since the announcement, the token has seen some massive gains in Asia over the last two days.
Increasing Community Presence
Over the last two months, the company has also significantly stepped up its social media and community outreach game. The marketing and social media team have been extra active on Twitter and its other official handles.
This is one of the major reasons being attributed to the tokens sudden and rather dramatic rise. The conversation between the community and the team at XET has been positively impacting the community’s sense of trust in the company and has established a relationship between the two.
The company and its marketing team in specific have increased its social media and community presence which is a place that the company has been lagging behind in for a long while now.
[bctt tweet=”Eternal Token Jumped Over 900% in a Week” username=”ItsBlockchain”]
Token Being Added to Exchanges
With the coin has penetrated the top 100 and soon expected to push past the top 50 coins by market capitalisation, the token and the company has literally forced the hands of exchanges to take notice of them.
After the two-day price hike that the coin has seen a whole bunch of exchanges have announced that they will be adding XET to their list of supported coins. The exchanges that have made this announcement and implemented it over the past month and a half include names like; CoinGeko and Coinlib. Both are very highly subscribed to exchanges in the Asian market.
The company is very obviously putting its money where its mouth is and targeting the Asian and African markets. Which, given the 985% rise in value and price, is paying off. The coin is only expected to rise further and in no time will make it to the in-coins club of must-have crypto tokens. While the community is pulling back, with new investors cautious about whether the hike is a pump and dump, the coin is still on its upslope. The current value, at the time of writing, of XET is $2.32 USD.
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