By Ryan Burchard | Published August 16, 2018 09:03:18One of the biggest cryptocurrency exchanges is going up in price for the first time in 2017, after its price dipped below $30 per coin.
The price of Cryptocoins.com jumped from $10 to $30 on August 17, after a recent dip, according to CoinMarketCap.com.
The company that allows users to trade cryptocurrencies has seen its market value rise from $6.5 million to $10.8 million since the exchange’s ICO in September, according the CoinMarket cap website.
According to the website, this surge has resulted in the company’s market cap at over $70 billion.
Cryptocoins had a strong run, surpassing $60,000 per coin in the first half of 2018.
It was worth around $40,000 at the start of this year, but has since traded at around $20,000.
This dip has caused many to speculate about how Cryptocoin.com is going to react to the current market.
It’s worth noting that Cryptocoinf.com was started in September 2017 by David Lee, who has since left the company, according CoinMarketcap.com, which is now the website of Crypto-Funds.
The move was made after Cryptoco.com’s ICO raised $1 million, and was supported by a partnership with Blockchain.info.
Crypto-Cointelegraph.comThe company said in a statement on Monday that it was “shocked and saddened” to see the market price of the exchange decline, and that the company was “working to repair our losses and recover the value of the crypto assets.”
It added that the “decision was made in consultation with the CEO and Board, as well as with all of the stakeholders, and we thank them for their cooperation.”
CoinMarketcap estimated that Crypto-Coins had around $4.4 billion in total value at the time of its ICO.
The stock has since rebounded, to around $11.5 per coin, according To Know Bitcoin.