Bittrex Listing Sends SpaceChain (SPC) Price Soaring

[Pegasus]

SpaceChain (SPC), a native coin inside a blockchain-driven satellite network, leaped nearly 86% on a daily basis on Friday midday UTC as Bittrex, one of the largest crypto exchanges, had added the asset to its trading roster.

The US-based platform, which has four markets, opened one SPC trading pair – with Bitcoin (BTC) at around 21:00 UTC on Thursday. The move triggered immediate impact on the SpaceChain’s market performance as the asset nearly doubled its price for about eighty minutes – from $0.016 for one coin at 20:39 to $0.031 at 22:54, a level not seen since June. SpaceChain continued its positive trend fourteen hours later and changed hands at $0.025, which was an increase of 85.59% on a daily basis.44.69% of it or $219,780 in one SPC market - with BTC. One the second place was EXX, which BTC pair with SpaceChain achieved $204,987 (40.48%) as per Coinmarketcap data. HitBTC Bitcoin, Ethereum (ETH), and Tether (USDT) markets clocked $58,952 (12.64%) while Coinnest SPC pair with Korean won - $16,128 (3.18%).

Currently, SPC ranks number 307 in the cryptocurrency market capitalization list with more than $13.2 million in value.

SpaceChain
Founded in 2017, the project aims to combine traditional space software with distributed ledger technology.

“Through the inherent collaborative nature of blockchain technology, SpaceChain establishes a socio-economic model that can support a globally shared and sustainable commercial space program,” SpaceChain explains in its white paper.

“It also employs smart contracts through its decentralized platform built on satellite technology, thus enabling specialized personnel to work in a more inclusive setup. This reduces inefficiency and brings down the cost of space-based application development.”

SpaceChain is one of the nearly thirty decentralized applications (dApps) on the Qtum’s Ignition mainnet.

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