On Tuesday, at the time of writing, the global cryptocurrency market cap was down by 0.78% over the previous day as investors anticipated a more hawkish Federal Reserve.
Crypto heavyweights like Bitcoin and Ethereum lost 1.24% and 0.5% over the last 24 hours; other cryptos showed mixed trends. While Solana, XRP, Polkadot, etc., witnessed a price slump, Avalanche and Terra recorded price hikes, at the time of writing.
One such altcoin, which is gaining today, is Utrust crypto. Hence, through this article, let us know more about this crypto.
Source: © Alexanderushkevich | Megapixl.com
What is Utrust crypto?
Functioning as an ERC-20 token and secured by the Ethereum blockchain, Utrust is a digital payment blockchain platform that incorporates the features of both traditional online payment systems as well as blockchain technology to provide the best results to its users.
Related Read: Investing in Fantom (FTM) and Render (RNDR) tokens? All you need to know
Main features of Utrust
Co-founded by Nuno Correia, Roberto Machado and Filipe Castro, Utrust aims to enhance business efficiency by offering fast and seamless crypto transactions at lower fees, thus enabling merchants to reach a larger base of crypto holders.
Interesting Read: Explained: How many types of cryptos are there?
A distinct feature of this platform is that it allows buyers to make secure purchases, giving them an option for refunds and, at the same time, safeguarding the interests of the sellers against the extreme volatility of the cryptocurrency market.
Moreover, Utrust secures the transaction, acting as a mediator until the buyer receives the purchased product, thereby ensuring the success of the transaction.
Further, the platform also accepts payments in all forms of fiat currency, thus shielding the users in the event of price fluctuations.
Also Read: Lens on two altcoins- Kava (KAVA), Kyber Network (KNC)
Know Utrust crypto’s price
Utrust crypto is currently priced at US$0.231, with a gain of 4.88%, in the last 24 hours and has a market cap of nearly US$108 million.
Its native token is called UTK, and as of now, there are 470 million UTK coins in circulation, with a maximum supply of 500 million coins.
Where can UTK tokens be bought?
UTK tokens can be bought from several exchanges like Binance, KuCoin, Huobi, Hotbit, Bitfinex, Gate.io, Pionex, etc.
Bottom Line
Newer cryptos are coming up with innovative and distinct features for the benefit of their users. However, one must invest wisely and cautiously in these new-age digital currencies as cryptocurrency markets are very volatile and risky.
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Read More: Utrust (UTK) crypto gains nearly 5%; know more about this crypto
