Here’s Why QASH (QASH) Is Up Over 24% Right Now
According to data from the AltDex 100 Index, QASH has surged more than 24.6% on the back of a major announcement from Liquid.
On Thursday morning, Liquid announced that it has partnered with Simplex to enable the use of both credit and debit cards on the trading platform. The new functionality allows Liquid customers to use a Visa or Mastercard to deposit euros, which can be used to buy cryptocurrencies, or used as a funding currency for margin trading on Liquid.
— Liquid (@Liquid_Global) February 21, 2019
“We are extremely excited to be working with Simplex on this fantastic innovation to bring even more flexibility to crypto traders and holders on our Liquid platform,” said Seth Melamed, Liquid’s global head of business development and sales. “We have already raised the bar by supporting various fiat currencies, but now we can take that one step further by offering Liquid customers the freedom to make quick and easy deposits using their regular credit or debit card. This represents a significant milestone for Liquid as we continue to roll out useful services for our users.”
A look at the QASH’s chart shows that the Simplex announcement, which was tweeted out at 4:20 AM (EST), appears to be the direct catalyst for the surge. While QASH initially jumped over 54%, the altcoin has since pulled back is now trading for $0.100924, giving it a $35 million market cap.
Similar: AltDex Cryptocurrency Index Platform
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.