Waves complete fundraising round, Bitcoin Cash continues to increase
While Bitcoin, Ethereum and Ripple are not benefiting much from yesterday’s upswing, two altcoins continue to attract attention: Waves and Bitcoin Cash. The former ended a round of funding yesterday.
It is a bit quieter at the crypto market this December 20th. Bitcoin has posted a slight gain in the last 24 hours and currently stands at $3,900. But the price or the XRP token can not benefit as much from yesterday’s upswing. Over the past 24 hours, the ripple price has risen nearly 2.5 percent to $0.37 per XRP. Ethereum was also slightly up in the last 24 hours. At a subtle three percent plus, the Ethereum rate (Ether) is currently at $105.
Waves collects $120 million
In a blog post, Waves announced on December 19th that it has grown. By adding the Vostok project, the company has raised an additional $120 million.
The Vostok project, a part of Waves ecosystem focused on implementation of Waves technologies in enterprise and government IT-systems, has secured a USD120 million funding round from private and institutional investors.
With the new Vostok platform, the Waves project is to receive a scalable digital infrastructure. This consists of the private Vostok Blockchain and the Vostock System Operator. At the start of the project, all Waves-holders will also benefit from an Airdrop, which distributes Vostok System tokens.
According to the announcement, the Vostok System Operator will provide a digital infrastructure focused on data registration and tracking.
That, combined with the $120 million, immediately struck the Waves course. It rose 16 percent in the last 24 hours and is currently at $4.19.
Bitcoin Cash rises to #4
In the meantime, BCH does not need any big fundraising rounds or small announcements on medium. Even the winner of the last Hash Wars was able to make a decent profit in the last 24 hours. Currently, the BCH price is $147, making it the #4 market cap cryptocurrency. The shunned step-sibling “Satoshi’s Vision” meanwhile ranks his day in 9th place, but was able to make up a good nine percent in the last 24 hours.
Author: Marko Vidrih
Image via Pixabay