The cryptocurrency Multichain (MULTI) has been soaring in the trading markets in the past few days. The token’s trading price increased by 14.52% in a single day, while the rest of the crypto market experienced a dip of 0.59%. The platform associated with the MULTI token is a decentralized one, specifically built on the Ethereum network. It enables the creation of personal blockchain networks that can communicate with each other seamlessly and has been proven to be both efficient and scalable, with low transaction fees and quick confirmation times.

MULTI token has a total supply of 100 million and is distributed through various procedures such as mining and staking. A significant development in the field of the token was the partnership between Shimmer and Multichain. This allowed Shimmer and IOTA tokens to create a bridge between the two networks. The long term goal in this collaboration is to create a cross-chain solution between Shimmer and many other primary blockchains, as supported by Multichain.

The coin had a rollercoaster ride in the past week, but the last few days values have been climbing considerably, taking the token to the $12 mark on Wednesday. At the time of writing, the trading price of the coin has decreased a bit, but still stands at $11.02, with an increase of 14.00% in the past 24 hours. This is reflected in the increasing trading volume of the coin as well, with a 271.85% hike according to CoinMarketCap.

In conclusion, the Multichain token is gaining momentum and is showing great potential for the future. With a revolutionary platform and an impressive list of partners and associations, many investors are turning to the token as a sure-shot way to reap large profits.



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