Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.
The largest number of trades in IQN pairs with leading market assets is concentrated on EXMO, BitForex and HitBTC.
Alternative coins are gradually gaining Bitcoin’s market share and showing multiple growths. Their capitalization has jumped by 420% over the past four months, from $222 billion to $1.16 trillion. This happened as a result of the growing interest in the DeFi space, as well as the hype around DOGE and NFT tokens.
Game tokens also show solid growth. One of them is IQeon (IQN), the rate of which has almost doubled since May 2020! Let’s take a closer look at the reasons for this rapid growth.
Annual Growth Is 180%: What’s the Reason for Demand?
Amid the current surge in the cryptocurrency market, IQN token has grown exponentially in 2021, skyrocketing by almost 180%. At the same time, according to the three-month metric, the asset is still in the green zone and is steadily increasing 25–30% every 90 days.
This happened since IQN is actively integrating into the listings of popular crypto exchanges and well-known services for traders, as well as strengthening its position in the information space, attracting a growing number of crypto enthusiasts.
So, at the end of 2020, IQN has been listed on three large exchanges – the British EXMO platform, the Singaporean BitForex exchange, and one of the oldest trading services HitBTC. The largest number of trades in IQN pairs with leading market assets is concentrated on them.
These exchanges devote the lion’s share of their work to risk management, which means that they carefully select tickers, leaving “junk coins” among the outsiders. This proves that IQN is a worthy participant in the crypto market. And its supply and demand reflect the fact that the number of holders is constantly growing, and traders are willing to purchase tokens.
Also, over the past 18 months, the asset has significantly expanded its presence in field-specific communities. Since the beginning of 2020, the project has entered more than 10 partnerships, including cooperation with the popular TradingView service, the German company Fractal developing solutions for customer identification, the analytical Flipside Crypto company, as well as collaborations with gaming and information portals about cryptocurrencies and blockchain. All this affects the size of the community and strengthens the loyalty of crypto enthusiasts to IQN.
Interest in Crypto Games Is Back
This year, along with unique collectible tokens (NFTs), gaming assets have begun to recover popularity, helping millions of gamers to monetize their gaming successes. This audience request was prioritized by the creators of IQN token. Today, they motivate gamers and cryptocurrency holders by rewarding gamers with digital assets for victories in gaming matches.
The first transaction with IQN was supported by PvP gaming platform IQeon.com. Its users receive an asset for winning battles with each other, participating in contests and interactions held by IQeon team, as well as for being active in the project’s communities.
The resulting assets can be used to participate in matches on the platform, as well as withdrawn to a MetaMask wallet or any other wallet that supports ERC-20 tokens, or exchanged on EXMO, BitForex, HitBTC and Exrates exchanges for another popular cryptocurrency.
Altcoin prices often skyrocket by tens, or even hundreds of percent, following a bullish market sentiment. However, only those assets supported by an experienced team focused on the quality of the product and its constant development should be added to the portfolio.
IQN gaming asset is exactly such a token. It can potentially develop an extensive ecosystem, attracting a huge number of gamers with the opportunity to get their first cryptocurrency and create a new gaming reality.
Considering the stable success of the token, the forecast for IQN value is optimistic. With a highly sought-after application area, a loyal community, and the cryptocurrency market’s evolving dynamics, IQN is well-positioned to become one of the most traded gaming cryptocurrencies.