REQ MFT and KEY start the week with double-digit gains.
shows that since hitting a low of $0.006 on March 6, the price of MFT climbed 5% to hit a daily high at $0.009 on March 14 as its 24-hour trading volume spiked 1,131% to $235 million.The sudden spike in price and trading volume for MFT follows an announcement that Hifi Finance will soon be integrating governance capabilities for MFT holders who will be able to create and vote on proposals regarding the future development of the protocol.
Selfkey is a blockchain-based identity platform that is looking to advance the KYC process and support the ethos of Self-Sovereign Identity through its KYC-Chain.began to detect a bullish outlook for REQ on March 7, prior to the recent price rise.As seen in the chart above, the VORTECS™ Score for KEY elevated into the green on March 7 and hit a high of 85 around 72 hours before the price began to increase 35.6% over the next four days.
The turnaround in the price of KEY comes as the project works to integrate SelfKey and its KYC-Chain decentralized identity management system across the cryptocurrency ecosystem as a way to satisfy global KYC/AML regulations. The overall cryptocurrency market cap now stands at $1.732 trillion and Bitcoin’s dominance rate is 42.7%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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