Crypto Tokens Enjin, ICON Soar 20% but Bitcoin Remains Woefully Stable
Throughout the past several days, Bitcoin has remained relatively stable at $3,900. The stability of BTC has led crypto tokens to record massive spikes in the range of 10 to 100 percent.
Enjin Coin, for instance, the native cryptocurrency of a gaming-focused blockchain network called Enjin, surged by 100 percent at its daily peak following its partnership with Samsung.
Enjin Coin Daily Chart (Source: Coinmarketcap.com)
ICON, the most valuable blockchain project in South Korea, recorded a 15 percent gain within a 24-hour span.
Alternative cryptocurrencies tend to perform strongly when Bitcoin demonstrates stability but are the recent price movements of the crypto market sustainable?
