RATE Group | ICON, and WanChain Record Massive Gains Despite Low Bitcoin Volume
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ICON, and WanChain Record Massive Gains Despite Low Bitcoin Volume

26 Aug ICON, and WanChain Record Massive Gains Despite Low Bitcoin Volume

Posted at 15:37h in Bitcoin News by

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Tokens have recorded massive 20 to 40 percent gains on August 26 while major cryptocurrencies like Bitcoin and Ethereum maintained their low price range.

Bitcoin has remained relatively stable in the $6,700 region in the past 24 hours as Ethereum, Bitcoin Cash, Ripple, EOS, and Stellar all recorded slight losses in the range of 0.5 to 1.5 percent.

Unexpectedly, the price of ICON, Ontology, WanChain, Nano, WaltonChain, and Aion surged against both Bitcoin and USD. Against Bitcoin, Nano, Dent, and ICON recorded 33.5 percent, 33 percent, and 20 percent gains respectively, as the three best performing cryptocurrencies of August 26.

What’s Behind the ICON and WanChain Jump?

Historically, at least throughout 2018, tokens have followed the price trend of Ethereum, Ripple, and EOS, with intensified movements on both the upside and downside.

Yet, on August 26, despite the slight decline in the price of EOS and Ethereum, tokens have recorded a 5 to 10 percent rise in value on…

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