Two altcoins have quietly pulled off massive rallies, doubling in price while Bitcoin and the broader crypto markets traded sideways over the last week.
Ion is the utility token for Osmosis, a cross-chain automated market maker (AMM) that allows developers to build and deploy their own customized AMMs.
Osmosis is built on top of the Cosmos (ATOM) network, which has seen its own hot streak, up 55% in the last two weeks.
ION has entered the new year with a bang, quickly jumping in price on January 4th from under $7,000 to over $10,000. After correcting, ION rallied from $7,378 all the way to $14,806 in less than two days. ION has continued its rally and topped out at $18,441 earlier today. It remains up 99.7% over the last seven days and a huge 260% over the last 30 days.
Joining the under-the-radar rallies with some timely gains was chrono.tech (TIME).
Chrono.tech aims to provide blockchain-based solutions for recruitment, HR and payment processes. It also aims to reduce barriers in accessing work and transferring funds securely in the global labor marketplace.
Chrono.tech’s ecosystem includes LaborX, a decentralized freelance work portal that allows workers and customers to organize work via smart contract-powered agreements. All payments are escrowed and made in crypto. After a job is done, payments are released automatically.
TIME, the project’s native token rallied from $229 to an all-time high of $569 in less than two days, covering 148% worth of gains.
During the same time period, Bitcoin and Ethereum mostly traded sideways, and are currently up 3.4% and 5.1% on the day respectively.
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