Chain (XCN) has been surging today. This crypto news is of this importance as the Chain crypto was gaining amid the bearish trends. This digital currency managed to gain substantially during the crypto market bloodbath today. Before jumping into the performance that the XCN token showed today, we want to address what is Chain crypto all about.
What Is Chain Crypto?
The Chain CoinMarketCap page suggests that the XCN crypto is:
“A cloud blockchain infrastructure that enables organizations to build better financial services from the ground up. Chain has launched Chain Core which is a permissioned and open source blockchain and Sequence, its ledger as a service product. Clients can receive discounts and pay for commercial fees with Chain Tokens (CHN) as well as participate in community protocol governance and access to premium features.
Using Chain Core, institutions can launch and operate a blockchain network, or connect to a growing list of other networks that are transforming how assets move around the world. The Chain Protocol defines how assets are issued, transferred, and controlled on a blockchain network. It allows a single entity or a group of organizations to operate a network, supports the coexistence of multiple types of assets, and is interoperable with other independent networks. Chain Core is engineered for the performance demanded by modern financial systems. The time to create, sign, and validate a transaction is measured in milliseconds.
Sequence is a ledger-as-a-service that enables organizations to securely track and transfer balances in a token format. Using Sequence, organizations can securely manage their financial assets in a token format on private ledgers and soon, seamlessly transfer them across public networks.”
Chain Crypto Price Today
The Chain crypto price today was $0.0704 as it was up by 13.66% at the time of writing on October 20, 2022. The market capitalization of the XCN token was $1.51 billion, up by 13.68%. In addition, the 24-hour trade volume for the crypto had skyrocketed by a huge 235.08% as it stood at $41.14 million. According to the Chain CoinMarketCap page, the day’s high was recorded at $0.07293. Earlier, the virtual currency managed to gain over 15%.