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HashKey Platform Token hits a new record high as trading volume surges across major exchanges.
The HashKey Platform Token (HSK) surpassed its previous all-time high of $1.5989 which was achieved yesterday, to continue its bullish momentum and record a new all-time high of $1.72, at the time of writing, Dec. 17, 2024.
From its all-time low of $0.7167 on Nov. 26, 2024, this milestone represents a substantial rise or a gain of almost 140%.
The 24-hour trading volume of around $9.5 million coincides with the recent spike in HSK’s value, suggesting increased investor interest and market activity.
The HSK token plays a central role within the HashKey ecosystem, offering multiple utilities such as trading fee discounts, exclusive access to platform services, and participation in ecosystem governance. HashKey Group’s regulated and compliant infrastructure has further bolstered trust in HSK, positioning it as a key asset within the growing digital finance landscape.
Binance Coin, another exchange-native token that has seen notable long-term growth in tandem with Binance’s growing ecosystem, has also been moving in an upward trajectory.
Starting at $0.10 when it was first introduced in 2017, Binance Coin (BNB) has subsequently soared to an all-time high of $788.84 on December 4, 2024. It is now trading at about $716.41 as of December 17, 2024, which reflects years of steady development alongside Binance’s growing ecosystem.
In the past 24 hours, BNB has registered a total trading volume of $2.2 billion, and its market cap stands at $104 billion at the time of writing.
By contrast, HSK is a more recent coin that was introduced in November 2024 and started at an initial price of $1.20. Shortly after inception, it struck an all-time low of $0.708, but on December 17, 2024, it rose to its current all-time high of $1.72.
In the past 24 hours, HSK has registered a total trading volume of $13.3 million, and its market cap stands at $208.91 million.
Although BNB’s success shows that exchange tokens may grow with their platforms, Binance’s resiliency has been put to the test over the years by market difficulties and governmental scrutiny. In contrast, HSK gains from HashKey Global’s focus on a regulated and compliant infrastructure, which may make it a formidable competitor in an exchange market that is becoming more and more complicated.
The opportunity for exchange-native tokens to expand in tandem with their platforms is demonstrated by BNB’s price action over the years. Comparable early momentum is being witnessed by HSK, which is positioned as a token to keep an eye on in the changing exchange environment thanks to HashKey Global’s regulated infrastructure.
This article first appeared at crypto.news
