A little-known digital currency known as KIMCHI has surprised the traders and investors in the cryptocurrency community with its remarkable daily price gains. It has outshined all of the top digital assets in the cryptocurrency market with its price-performance that it has shown during the last 24 hours. Surprisingly, the price of KIMCHI spiked high by over 100 percent within no time, and it blasted through a key level to set a high value.
KIMCHI’s Price Surged By 146%
KIMCHI is the native crypto token of KIMCHI Finance. This cryptocurrency is not known to many people as it is not one of the top-traded digital assets in the cryptocurrency market. Yet this cryptocurrency has impressed the crypto community with its price moves and has attracted the attention of the community.
CoinMarketCap’s data shows that KIMCHI’s price value has increased by over 100 percent during the time period of only 24 hours. It is a massive daily price growth shown by any little-known digital asset. The price value of KIMCHI was even noted to be registering a price rally of around 300% on some digital asset exchanges.
Extremely Bullish Outlook
The current outlook of this cryptocurrency is extremely bullish at the moment. With a positive change rate of over 130% in the past 24 hours, the price value of KIMCHI.finance is holding at around the mark of $0.103. It is still going up at a quick pace which shows it intends to make new records in the coming weeks.
For now, this cryptocurrency has managed to improve its market cap ranking as the coin has become the 331st-ranked cryptocurrency in terms of market value, as per data presented by CoinMarketCap. A few minutes ago, it was holding above the rank of 360. This means that the market cap of KIMCHI is jumping up quickly due to the current bullish price movement of the coin. If it continues to flow with present bullish behavior, it is expected to make really impressive records in the coming days.
This price action of KIMCHI has come at a time when both of the world’s top cryptocurrencies, Bitcoin (BTC), the biggest cryptocurrency, and Ethereum (ETH), the second-digital asset, are trying to recover from their recent price crashes due to which they had to move away from their all-time high price values. Both of the top digital assets, however, are not on the verge of getting a breakthrough. But their performance is not as good when compared to the KIMCHI cryptocurrency.