Why Did XCM Climb 1400% This Year?

Why Did XCM Climb 1400% This Year?

Since 2021 exploded onto the scene and skyrocketed the crypto market to highs by no means seen earlier than, there’s one trade token that’s actually going for it – CoinMetro’s token (XCM.) The value has elevated an eye-watering 1416% in simply a few months. If we check out 10 of the highest climbers from Cryptoslate’s itemizing of trade tokens, XCM beats out the likes of Binance, Uniswap and Huobi.

So, how did CoinMetro, this giant-killing, trader-focused crypto trade place itself to steal the lunch cash of a few of the very greatest names within the enterprise?

Customers, Community and Confidence

CoinMetro founder and CEO, Kevin Murcko, factors to nice customer support (one thing that’s lamentably missed within the cryptosphere), investor and neighborhood confidence and having the options that crypto merchants are on the lookout for.

“CoinMetro is slightly distinctive: we’re a regulated trade offering a number of fiat on and off-ramps, even for US merchants. CoinMetro helps USD; EUR, GBP and AUD. When it involves crypto – XRP buying and selling, along with the majors, we additionally give attention to new tokens with nice promise” he stated.

“I’m additionally actually pleased with CoinMetro’s assist group, who’ve helped us obtain a near-perfect 4.9 on Trustpilot. We genuinely care about our clients and I believe that is mirrored, not simply in suggestions, but additionally the general confidence all through the broader neighborhood, merchants and traders alike”, he continued.

“Everyone has a crypto assist horror story it appears. For me, the mission was to construct a crypto trade the place our buyer assist group solves your downside and actually cares about you. I can say with confidence that we’ve achieved that and we continue to grow our group as we go alongside, ensuring all our clients get a response and an answer in a well timed method.”

Success Beyond Price

Beyond XCM’s dramatic value improve, there’s clearly been an amazing quantity of labor occurring behind the scenes. Rolling out new merchandise and doubling down on what’s working means CoinMetro enjoyed a growth rate increase of 620% year-on-year in 2020.

CoinMetro additionally efficiently accomplished a crowdfunding marketing campaign firstly of this 12 months, to additional supercharge their already stellar development efficiency and including a pleasant little bow to an already nice 2020.

Pulling in clients quicker than ever, and making constant enhancements to the product netted them a 52x improve in income between January 2020 and January 2021.

So the indicators are clear: you set within the work, you construct and assist a fantastic neighborhood round a fantastic product, on the proper time, and also you take pleasure in success.

Who knew?

The Road Ahead for XCM

As all of the transaction charges on the platform are tied to the CoinMetro token XCM. They have nice plans forward akin to staking and plenty of different DeFi plans within the works for 2021. There’s additionally big assist from their neighborhood and traders in going lengthy for XCM. This could also be a few of the the explanation why XCM, the CoinMetro token jumped from $0.04 to $0.72 ($0.49 on the time of writing) in only a area of some months.

The greatest winner within the trade token battle is clearly XCM – value is up 14x this 12 months, comparatively, different trade cash such because the BNB CoinMetro Q1 2021 Roadmap. There might be numerous new high-quality, hand-picked tokens listed on CoinMetro this 12 months. In addition to this, they’re additionally hinting about additional licensing and coming into the B2B area into This fall.

2021 appears to really be the 12 months of CoinMetro.

Published at Thu, 18 Mar 2021 10:12:27 +0000