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Altcoin built on Ethereum Explodes 100% in its short-term temporary rally

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  • Cratos altcoin & utility explodes as it ralles more than 100%
  • The rally of the token came as a consequence to the launch of Cratos Global version of the app
  • During the token rally, the Asia based exchange decided to list the ethereum based token on its platform.   

As the year comes to an end, the world of cryptocurrencies & markets in general has seen itself through extreme highs & lows as some consider it the virtue of crypto markets. Recently, an under the radar token has surged by more than 100% & has caught spotlights for the same reason. 

Cratos trading under the ticker of CRTS is an ERC-20 token, designed as a utility token for the company. In contrast, the token currently has more than 100 million market capitalization and has ranked among the top 500 cryptocurrencies in the world. 

CRTS originally is an utility token designed for the cratos app to facilitate & measure citizens participation. The application is a real time voting platform, Facilitating the Delphi technique where users can create polls & topics to vote according to their preferences while others can vouch for their opinions by participating through votes & other fragments of ways. 

Even though Cratos had only launched its app for the Korean region, It recently unveiled the global version of the app causing its token to rally by more than 100%. As they unveiled the application it was noted that users can earn CRTS tokens by registering, generating votes, commenting on them or by just merely voting on a topic. 

ALSO READ – Sushi Token Leaps Amidst DeFi 2.0 Neck Saving Tittle-Tattle

The investors & market watchers reacted to the news positively by driving the price of the token by more than 100%. While the token witnessed a 3 day rally in which CRTS surged from trading at $0.0035 to hit its new all-time highs of $3.01, a massive growth of 111% . 

Apart from the launch of the global version of the app, an exchange based out of Asia known as MEXC decided to list the rallying token onto its exchange which further snowballed into making the coin more bullish, being a catalyst for the surge in token prices. 

However, all rallies eventually find their tipping points where CRTS token has witnessed a downfall by more than a mile, where it crashed from trading at $3.01 to currently being traded at $0.0060. As volatility is both a boon & bane of cryptomarkets, such events are frequent; hence its important to be informed of the tokenonomics & gauge the same to the larger perspective of the markets before investing into cryptocurrencies. 

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