Japan Content Token (JCT) made it to the first hundred in the ranking of the stock market this morning after the stunning growth of 1084% over night.
A token built on Ethereum is now among the top sixty cryptocurrency by market capitalization, but for how long he can resist in this position, it is difficult to say. Interest to these tokens caused not only by the fans of betting, how fast gravity will act on soaring into space token, and how quickly it will return to their former positions.
What is Japan Content Token?
According to the official documentation, is almost completely translated from Japanese, JCT is “a combined platform for the issuance and resale of various goods”. On the website are links to the online store, which sells a variety of goods for recreation and tourism. Moreover, the web site, relatively little information regarding the blockchain or cryptocurrencies.
Currently, the token is transferred to a small number of exchanges, including BitForex, BitMart, and P2PB2B.
The cost of the token JCT was $0,032272 on Monday evening and by Tuesday morning the price soared to 1084%, reaching a historical high of $0,382148.
Coin JCT was launched in August 2018, and CoinMarketCap has started to provide data on her from April 2019. Based on its current data, today marked the record high prices of the JCT and the highest trading volume of all time at $700 000.
Gone into oblivion after the rally
The fact that tokens can be inflated to an incredible level, and then again to disappear from sight shortly thereafter, was the rule rather than the exception. Some tokens are able to stay and consolidate its place in the Premier League, as happened with the recently raised Ravencoin (RVN).
But most tend to disappear after a few weeks. A good example for this are the tokens S4FE (S4FE) and Buggyra Coin Zero (BCZERO). They both grew 1600% – 2600% in the first quarter of 2019, but within a few months fell sharply. S4FE lost more than 90% in the second quarter of this year.
At this point in the profile Japan Content Token lists 275 Twitter followers. It is even more than the number of holders of the tokens listed in Etherscan 185 at the time of this writing.
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Tags: Japan Content Token