Bitcoin (CRYPTO: BTC) reached a fresh all-time high in Tuesday's sessionwith several altcoins joining the party as well. An under-the-radar crypto, meanwhile, is quietly making waves and has outperformed its more illustrious peers.<\/p>\n
Elonomics (CRYPTO: ELONOM) has gained about 1,000% over the past 24 hours to earn the distinction of being the biggest advancer among cryptocurrencies, according to CoinMarketCap.<\/p>\n
The Elonomics coin isa rebase tokenwith an efficient rebasing mechanism. Rebasing is a mechanism by which the total supply of a token is increased or decreased across all holders. This serves to adjust the token price without affecting the value of anyone's share of coins. This adjustment is donealgorithmically.<\/p>\n
Related Link: Best Cryptocurrencies In 2021<\/p>\n
Last Friday, the official Twitter handle of Elonomics made an announcement, which involveddApps,a complete solution platform with Portfolio Tracker, Rug Checker, Swap and Rewards Calculator as functions.<\/p>\n
Elonomics rewards its holders with Binance USD, which is a stable coin. The coin is styled after TeslaInc(NASDAQ:TSLA) CEO Elon Musk.<\/p>\n
ELONOM Price Action: Elonomics was trading up 863.93% at $33.60 Tuesday afternoon at publication. With the rally, the fully-diluted market cap of the token was also upat $33.5million.<\/p>\n
Image byIvn Jesus RojasfromPixabay<\/p>\n
<\/p>\n
Read more from the original source:<\/p>\n
This Elon Musk-Themed Crypto Is Up 1,000% Over The Past 24 Hours - Benzinga - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin (CRYPTO: BTC) reached a fresh all-time high in Tuesday's sessionwith several altcoins joining the party as well. An under-the-radar crypto, meanwhile, is quietly making waves and has outperformed its more illustrious peers. Elonomics (CRYPTO: ELONOM) has gained about 1,000% over the past 24 hours to earn the distinction of being the biggest advancer among cryptocurrencies, according to CoinMarketCap Continue reading