CreditBit, the leading altcoin platform has made a lot of progress since its initial days. The cryptocurrency platform, launched early last year is already in the process of being upgraded to a much better blockchain ecosystem. These changes have been well received by the existing community while attracting more people into the fold.
The platform, which is on the verge of finishing its migration to CREDIT 2.0 has lately witnessed an increasing demand for the platform’s cryptotoken — Creditbit (CRBIT). Since the beginning of this year, the price of Creditbit tokens has increased drastically, making it one of the promising alternative cryptocurrency of the year. CRBIT’s price, which was more or less stagnant for the past one year started to rise following an increased demand, driven by the CREDIT 2.0 upgrade. The value of CRBIT cryptocurrency is currently at an all-time high of $1.25. Once the migration process concludes on April 16, 2017, the cryptocurrency’s price is expected to rise further.
At the beginning of 2017, the price of one CRBIT was around $0.011. In a span of less than four months, the value of the cryptocurrency has appreciated over 113 times to reach present levels. CreditBit currently boasts of a market capitalization of over $14.5 million, making it the 37th largest crypto asset in the market.
Upon completion of the migration, the new CREDIT 2.0 token will be based on the Ethereum Blockchain, facilitating smart contract applications along with DAO, decentralized applications and innovative distribution systems. The migration has been part of the platform’s development roadmap all along, and CreditBit is one of the few platforms which has not only stuck to the original roadmap but further extended it to create a holistic blockchain solution.
The updated CreditBit platform, as part of the second development roadmap, includes CreditDAO — the decentralized organization within CreditBit ecosystem, CreditGAME — a fun and innovative distribution of newly issued tokens, CreditIDENTITY — smart contracts to enable users to link their public identity with their CreditBit address, CreditBAY distributed market and a lot more.
CreditBit holds a lot of promise, making it an ideal project for investment among cryptocurrency community members.