As predicted, the year 2021 is going to bring a lot of surprises for the cryptocurrency community, and many upsets are predicted to occur in the current year. As per some analysts, many new little-known cryptocurrencies are expected to post amazing price rallies on the board during this year. And this is actually happening as one of the little-known digital currencies has shown a remarkable price-performance within the duration of the past day. KIMCHI, a very little-known digital currency, has outshined almost the entire cryptocurrency market in terms of daily price gains.
According to the data from the cryptocurrency data site CoinMarketCap (CMC), the price value of KIMCHI, the native digital token of KIMCHI Finance, has skyrocketed by more than 100 percent within the time span of the past 24 hours. This is not it. As per the data, on some digital currency exchanges, the price value of this little-known crypto even posted a rally of more than 300 percent. That’s a remarkable growth on the part of this cryptocurrency. Even the world’s largest crypto by market cap and the most popular cryptocurrency, Bitcoin, has been unable to record such a remarkable price growth during the past few weeks.
Another interesting achievement for KIMCHI is that the coin has rapidly improved its ranking on CoinMarketCap in terms of market capitalization. Prior to this price rally, the ranking of this cryptocurrency was above 380. But now, with the help of this glorious price rally, the coin has been able to hold the 345th position on CMC by market value with a market cap of $142,775,690, at the time of writing, as per data from CoinMarketCap.
KIMCHI’s amazing uptrend has not yet stopped as the coin’s price value is rapidly moving in an upward direction. At the time of writing, the price of KIMCHI is standing at around the figure of $0.1041 with a strong positive increase of more than 120% at the press time. Not only this, but all of the other fundamentals of this digital currency are also completely bullish, which shows the strong grip of bulls around this cryptocurrency.
The main reason behind this rapid spike of KIMCHI seems to be the fact that the adoption rate of cryptocurrencies is going up rapidly as the institutional interest is spiking high, with more and more institutional investors coming to join the digital currency craze.
As of now, the day belongs to KIMCHI as it has outshined various major cryptocurrencies in terms of daily price gains, including BTC and Ethereum, which are struggling to retest their all-time high values. KIMCHI could be one of those little-known cryptocurrencies that may emerge quickly in the current year.