{"id":157297,"date":"2021-01-18T21:15:20","date_gmt":"2021-01-18T18:15:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/first-hyperledger-based-cryptocurrency-explodes-486-overnight-on-bittrex-btc-listing\/"},"modified":"2021-01-18T21:15:20","modified_gmt":"2021-01-18T18:15:20","slug":"first-hyperledger-based-cryptocurrency-explodes-486-overnight-on-bittrex-btc-listing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/first-hyperledger-based-cryptocurrency-explodes-486-overnight-on-bittrex-btc-listing\/","title":{"rendered":"# First Hyperledger-based cryptocurrency explodes 486% overnight on Bittrex BTC listing"},"content":{"rendered":"<p>&#8220;<strong># First Hyperledger-based cryptocurrency explodes 486% overnight on Bittrex BTC listing  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>A little-known altcoin known as Metacoin (MTC) surged to 486% gains in just 24 hours on Jan. 18, after Bittrex announced it would be listing the coin against Bitcoin (BTC).<\/p>\n<p>Metacoin is built on the Hyperledger network, an umbrella project of open-source technologies focused around building permissioned blockchain ecosystems for large cross-industry enterprises. Metacoin became the first cryptocurrency of Hyperledger\u2019s to achieve mainnet status when it went live in 2018.<\/p>\n<p>Hyperledger was founded by the Linux Foundation, and is overseen by a host of \u201cpremium members\u201d, comprising leading <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and finance companies, such as IBM, J.P. Morgan, Fujitsu, Hitachi, and more. <\/p>\n<p>On Jan. 15, the Bittrex Global cryptocurrency exchange <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BittrexGlobal\/status\/1350165261354229762?s=20\">announced<\/a> that it had opened its Metacoin wallet for deposits of MTC, and that trading against Bitcoin would soon follow. <\/p>\n<p>Little over 48 hours after the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/metacoin\/breaking-news-hello-everyone-metacoin-will-finally-be-listed-on-bittrex-global-e6a07c83fbaa\">announcement<\/a> was made, the value of each MTC coin had more than quintupled. From a starting price of $0.026540 on Sunday night, the dollar value of the coin increased more than fivefold, climbing to a brief peak of $0.155600 by Monday afternoon &#8211; a 486% increase.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/e5a9674e-e1c9-49b3-a91e-3e359610ff21.PNG\"><figcaption style=\"text-align: center;\">Metacoin (MTC) gained 486% during a tumultuous day of trading. Source: CoinMarketCap.com<\/figcaption><\/figure>\n<p>Metacoin trade volume hit an all-time high of $482,000 on the day, all emanating from a single BTC trading pair on the Liquid exchange. This just exceeds the $444,000 volume recorded in August 2020, during the coin\u2019s first two weeks on the open market. <\/p>\n<p>Notably, despite the surge following hot on the heels of the announcement by Bittrex Global, no trading data for Metacoin yet exists on the site, and the BTC\/MTC pair was still signalled as being \u201coffline\u201d.<\/p>\n<p>Taking Hyperledger\u2019s cross-industry modular toolkit as a starting point, Metacoin acts as a multi-function blockchain platform where tokens for businesses and commerce can be issued on-chain. The platform also plays host to a number of D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>s, including ColdBank, a crypto custody service which utilizes IBM\u2019s LinuxONE technology, as well as blockchain gaming apps.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/first-hyperledger-based-cryptocurrency-explodes-486-overnight-on-bittrex-btc-listing\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# First Hyperledger-based cryptocurrency explodes 486% overnight on Bittrex BTC listing &#8221; A little-known altcoin known as Metacoin (MTC) surged to 486% gains in just 24 hours on Jan. 18, after Bittrex announced it would be listing the coin against Bitcoin (BTC). Metacoin is built on the Hyperledger network, an umbrella project of open-source technologies&#8230;<\/p>\n","protected":false},"author":1,"featured_media":157298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvMTVhMDJkNzYtZTQxYy00YjQ5LWI3ZmUtZTliODA5ZTk5MzQ0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,88155,74894,75885,89666,75570,75802,117,4965],"class_list":["post-157297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bittrex","tag-blockchain","tag-enterprise","tag-hyperledger","tag-ibm","tag-jpmorgan","tag-business","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/157297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=157297"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/157297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/157298"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=157297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=157297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=157297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}