Earlier this week, NAGA Coin gained a high-profile listing on the popular US-based cryptocurrency exchange Bittrex.
‘Another Day, Another Exchange’
Following NGC’s listing on the US-based exchange, Bittrex, the token’s price spiked from roughly $0.60 to as high as $1.05 — before expected profit-taking and a prolonged market-wide downtrend pushed the token back down to what some may consider a very buyable $0.54.
Immediately after being listed on Bittrex, the exchange garnered more than 30 percent of NGC trading volume — with the rest being shared by Upbit and OKEx. The Asian cryptocurrency market has thus far shown significant support for the European-based fintech company.
What is NAGA?
For those unaware, NAGA is a diverse yet unified cryptocurrency ecosystem which offers the world’s first crypto-gateway to trade any sort of financial instrument and virtual good in a secure and transparent way.
NAGA currently has a number of big projects in operation, including its NAGA WALLET, NAGA TRADER, NAGA CARD, NAGA COIN (NGC), and several others. The ecosystem is already one of the largest and most fully-realized in the cryptocurrency space. The addition of trading support on Bittrex will only further push the project deeper into the consciousness of mainstream cryptocurrency investors.
More Good News
On May 3, NAGA announced a high-profile partnership with Ontology — another one of the most exciting projects in the cryptocurrency market today.
The joining of forces is a long-term strategic partnership which aims to effect “significant and powerful change” in the way business is conducted. Together, the two projects plan to bring high-performance public blockchains to the gigantic financial-technology (fintech) market, along with a series of complete distributed ledgers and smart contract systems.