An Ethereum-based altcoin, Across Protocol (ACX), saw a massive price jump after South Korea’s second-largest cryptocurrency exchange, Bithumb, announced it would support the token.
A Quick 68% Surge
The news sent ACX prices skyrocketing. In just a few hours, the price went from $0.275 to a high of $0.462 – a nearly 68% increase! While the price has since come down slightly, it’s still up around 10% in the last 24 hours, trading at approximately $0.319.
What is Across Protocol?
Across Protocol describes itself as a unique cross-chain platform. Instead of specifying how a transaction should happen, users define the desired outcome. A third-party, called a “relayer,” then handles the details, ensuring a fast and efficient transfer of assets across different blockchains. This system aims to simplify cross-chain interactions for users.
Disclaimer
Remember, cryptocurrency investments are risky. Do your own research before investing in any cryptocurrency. This information is for general knowledge and shouldn’t be considered investment advice.
