Altcoin Built on Ethereum Suddenly Explodes Over 100% After Big Product Launch

An under-the-radar crypto asset built on Ethereum is in the middle of an explosion after the altcoin project reached some big milestones.

Cratos (CRTS) is an ERC-20 token with a market capitalization of less than $500 million and currently ranks as the 185th-largest crypto asset.

CRTS is a utility token designed to facilitate citizen participation in the Cratos mobile app, a real-time live vote platform, where users can generate vote topics according to their preference, and other users can participate in the vote.

Last week, Cratos launched the global version of its app, after previously only being available in Korea.

According to the announcement, users can earn CRTS by registering, generating votes, commenting, or participating in votes, among other ways.

Market participants responded positively to the launch of the Cratos app by sending CRTS to a new record high. Sitting at about $0.0035 before the launch, CRTS started running until it hit a new all-time high of $0.0074 three days later for a gain of about 111%.

In the middle of CRTS’ rally, Asian crypto exchange MEXC decided to list the Ethereum-based altcoin.

At time of writing, CRTS is trading at $0.007, only 5% off its all-time high, and is up 234% in the last month, one of the more considerable gains in the top 200 cryptos by market cap.

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Featured Image: Shutterstock/SimpleB