Ethos has enjoyed a nice bump in trading price since its global wide launch 3 days ago, but how much is a matter of speculation.
Universal Wallet Launch Gains Mass Support
Ethos, at the time the 60th largest cryptocurrency, whose new universal wallet promises to take the control of crypto investors private keys away from centralized third parties and give them wholly to the user themselves.
The company presents a public statement about their goals which reads:
“Our mission is to build a financial ecosystem that is open, safe and fair for everybody. Ethos harnesses the power of design, technology and social intelligence to create a breakthrough solution that will enable everyone to participate in the New Economy.”
The wallet launch seems to have gained a receptive audience perhaps due to overall concerns about centralization becoming more prevalent in a community that is first and foremost invested in the idea of decentralization.
The Ethos crypto wallet aims to change that by combining a variety of crypto assets into one “universal” wallet. With a single Smartkey users will be able to hold ownership over all of their assets without relying on any exterior platform.
The universal wallet strives to be a one-stop fix for all cryptocurrency users needs by implementing cold storage options, portfolio tracking, plus cryptocurrency research and analysis in the future.
Three Day Launch Sees at Least 25% Price Push
Ethos has launched the Universal wallet globally over the last three days; first in the Netherlands on Monday, followed by Germany and then on July 4 in the US in an apparent bid to gain support on the nations day of independence. The company posted a message about it’s US rollout that read, “In true Independence Day fashion, Ethos has released a new wave of financial freedom in the U.S. by way of the Universal Wallet! What better way to celebrate independence?”
It seems the gambit has paid off, but how much is a matter of speculation. The US announcement was met with an immediate influx in trading volume. The majority of this volume was recorded by the popular Korean exchange Bithumb which saw prices quickly reach $3.5. Strangely though other exchanges did not experience such price run-ups.
As some reports came out that Ethos had shot up 100% with the momentum of its launch, others reported 50% and now CoinMarketCap has omitted the Bithumb prices which corrects the companies gain to 25% on the day.
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