NODE Token, the native currency of one-click masternode setup application Pocket Node, emerged as one of the highest gaining cryptocurrencies on Friday after a 50% in prices saw the token hit $0.0011 on ProBit Global.
2020 began with increased prices across global asset markets, with Oil, Gold, and cryptocurrencies leading the pack. While Bitcoin and Ethereum saw increases of over 4%, altcoins like NODE gave investor returns of a cumulative 80%, after a late-night buyer frenzy on January 3 saw an unidentified buyer picking up 50 million of NODE tokens.
Reasons Behind Price Increase
While the exact reason for increasing prices remains an adventure in speculation, a few important events can attribute to NODE’s gains.
According to admins on Pocket Node’s Telegram channel, the coin is poised for an exchange listing on a tier-2 Chinese exchange later this month, followed by a tier-1 exchange listing early in February. Exchange listings have historically served a major catalyst for thousands of altcoins – promising increased liquidity and arbitrage opportunities – and the same could be behind buyers interested in picking up NODE ahead of listings.
Secondly, ProBit Global is running a trading competition for Pocket Node, which helps drive awareness, volume, and assist in building a community for a new platform and project. In addition, the platform is marketed extensively in Korea and China; two significant and “crypto-crazy” bases. Having a trading competition giving away over $10,000 is a strong move that should yield positive returns for the NODE project as a whole.
Another cause could be that of events and upcoming conferences. Founder Jake Greenbaum has confirmed to Blockchain Reporter the NODE team is attending conferences across the globe in the next three months from the United States to India, and destinations in Asia and Europe. Conferences provide a platform to explain the benefits of staking and why NODE provides an advantage over other platforms and mechanisms.
About Pocket Node
Pocket Node is a 1-click masternode deployment application for your mobile device. This will simplify the almost impossible task of setting up a masternode in the convenience of your home or on the go. While eliminating the difficulties associated with a masternode, Pocket Node will drive new users interested in staking to a plethora of crypto communities. Masternodes provide passive income and at the beginning of a bull market, there is nothing better.
To buy NODE, head over to Probit Global and select from NODE/USDT, NODE/BTC, and NODE/KRW.