A little-known cryptocurrency project dubbed Etheera is currently enjoying a massive culminating in an appearance in Coinmarketcap’s top 100 coins. The Ethereum-based real estate token project has risen more than a whopping 80,000 percent in the space of fourteen days.
80,000 Percent Growth in a Fortnight
According to data from Coinmarketcap, as of October 31, 2018, Etheera traded at $0.000051 at the back end of October 2018. As at press time, ETA’s price stands at $0.012551 which corresponds to an increase of 83,573 percent.
Throughout November, ETA has experienced multiple price jumps leading to its astronomical price increase. It began on the first day of November when the price of Etheera suddenly surged from $0.000401 to $0.002658, an increase of more than 560 percent.
The next price surge came between November 9 and November 10, 2018. During this period, the value of ETA rose from $0.003228 to $0.011274 – this time, a value increase in the region of 250 percent. Within this rally, there was an initial spike of approximately 85 percent which took the token value to $0.005951.
The third spike occurred between Monday and Tuesday (November 12 to November 13, 2018). During this surge, ETA rose by 11.3 percent to reach its present price mark of $0.012551. ETA’s market capitalization currently stands at $73.5 million putting it in the 84th position according to Coinmarketcap.
Etheera Gaining Traction Among Several DEX
Apart from its astronomical rise, ETA is also gaining traction among several decentralized exchanges (DEX). According to the Etheera Bitcointalk thread, platforms like BarterDEX, Ethershift, HyperDEX, and Coinical recently launched support for the token.
While these are all relatively small exchanges, LBank, the 12th largest platform based on daily trading volume might be the next to list the fast-rising token. According to a blog post published by the project on Medium, LBank selected ETA as one of the tokens for its upcoming voting round to decide which new tokens to add its trading catalog.
As at press time, LBank has a daily trading volume of $220 million. Such a listing might catapult ETA even further. Presently, all the ETA trading volume comes from the activities of the Token Store exchange executed against Ethereum (ETH). A listing by Lbank might open up the token to a much larger trading arena.
Image courtesy of Shutterstock and Coinmarketcap.