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Eternal Token (XET) has seen an impressive price spike in the last 24 hours. The token, which is the 43rd-largest by market cap, is up over 140 percent.
It's unclear what caused this monumental pump of Eternal Token. Japan-based Atom Solutions created XET in July 2018 as part of the international remittance solutions it develops. It was intended to offer greater liquidity than the firm's previous token, Eternal Coin (XEC), which can be traded with it in a 10:1 ratio.
12/27 News Updates: We are proud to announce that we have made it into top 40th in CoinMarketCap!! Thanks to our beloved users and investors!!https://t.co/YMi0Frb1j7 …#XET #eternaltoken #bitcoin #Altcoins #altcoin #Blockchain #cryptocurrency#XEC #eternalcoin #news pic.twitter.com/xfF2ofrC6u
— XETOfficialAdmin (@AdminXET) December 27, 2018
12/26 News Update: Introducing our new developed Equivalent Value Overseas Remittance System(EVOR) ! User may try the system simulator from our homepage now!
— XETOfficialAdmin (@AdminXET) December 26, 2018
Atom's URL : https://t.co/0NtdXsyZUl#XET #EternalToken #EternalCoin #XEC #blockchain #Cryptocurrency #altcoin #Bitcoin pic.twitter.com/Ykl5ypZjBu
Atom Solutions' most recent announcements were about its new remittance system, known as Equivalent Value Overseas Remittance System (EVOR). The company also announced that it was starting the process of applying for listing on Binance.
XET is currently worth $1.65, with a total market cap of just over $112 billion. It has remained relatively stable for long periods, with occasional huge pumps such as the one seen today. It's also worth noting that its BTC price spiked less than half as much as its USD price did.