Where other world’s top cryptocurrencies, including the world’s largest digital currency Bitcoin (BTC) and the second-biggest digital token Ether (ETH), has been attempting for initiating a new bully cycle during the past few days, one of the little-known cryptos has emerged quickly in the market with its extraordinary price performance. A couple of days ago, Kimchi Finance’s native digital token KIMCHI became the top performer of the cryptocurrency market with a big price rally that it posted within just one day.
A few days ago, KIMCHI’s price value started rising up rapidly, and within no time, the coin was sitting at a price mark that it has not been able to see in the past few months. The performance of the coin was unbelievable as it surged by around 116 percent within the time frame of only one day. This took the price value of the coin to top the figure of $0.10 to come closer to its all-time high figure that was set at $12.30 back in the month of September in 2020.
As per data from Trading View, the coin was able to skyrocket by over 320 percent on some of the digital asset exchanges in the market, which was a really attractive price action for many people in the cryptocurrency community as they were not expecting such a big move by a little-known digital token. However, the thing is, it actually happened, and this digital currency has got the attention of many new traders who are looking into it. They are closely watching the price movement of this cryptocurrency which indicates the fact that they might purchase some amount of it if it shows some good signs to them.
There has been noted some downward movement in the price of KIMCHI in the past few hours as the price dipped down below the $0.10 figure, but it is still showing great upward strength as it has already set the momentum for a big bullish rally that the crypto community is expected to see from this cryptocurrency. It has, however, made its place among one of those cryptocurrencies that could emerge strongly before the end of the current year.