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LEOcoin Value Increases Tenfold Amid Mobile App Release and China Trip

by on October 21, 2016
 

Things have been evolving quickly in the world of LEOcoin. This popular altcoin has achieved significant milestones in recent weeks, including the release of their mobile app. Additionally, the team also visited China, to increase LEOcoin’s visibility. All of this news has allowed the price to increase gradually, to much delight of early investors.

The Mobile Leocoin App Has Arrived

In this day and age, consumers prefer to take their digital money with them wherever they go. Mobile devices are more than capable of storing and securing cryptocurrency. The LEOcoin mobile developers unveiled their app, which is available on both Android and iOS. So far, the app has been downloaded over 1,500 times already.

While the LEOcoin app will provide information, such as the price per coin or any trends associated with the currency, there are additional features as well. Mobile users can purchase LEOcoin from within the app itself, which is always good to see. But the app also serves an educational purpose and aims to inform users about blockchain, wallets, and cryptocurrency.

But there is much more waiting to be discovered. All of the latest news will show up inside the app in real-time. Given the sheer amount of work that is going on behind the scenes, it is expected a lot of news snippets will be shared with the community in the coming months. Even for users who do not own the currency, this app can be a great source of LEOcoin news. Moreover, users will also receive daily price updates related to other popular cryptocurrencies, including Bitcoin, Ripple, and Ethereum.

Big Trip To China Can Pay Dividends

Promotion of LEOcoin remains priority number one. Given the global financial turmoil taking place today, the position of cryptocurrency only becomes stronger every week. It is important for developers and core members to lobby legitimate cryptocurrencies. Attending a financial summit in China will certainly help to spread the word about LEOcoin.

To be more precise, the founders of LEOcoin had the privilege of sharing dais with the VP of Asian Infrastructure Investment Bank. While this may not lead to any specific partnerships right away, it paves the way for future collaboration. There is plenty of room for joint operations between cryptocurrency developers and the financial sector. Moreover, this trip to China helped improve the global visibility of LEOcoin, which can only be seen as a positive development.

LEOcoin Price Increase In Wake of Good News

As is the case with any cryptocurrency in existence today, the value per coin tends to fluctuate. Most alternative currencies quickly lose value, as the developers give up on the project. LEOcoin is showing a strong uptrend, which is not entirely surprising considering these recent announcements.

To be more precise, the value per LEOcoin shifted from US$0.067 to US$0.60 between February 2016 and a few days ago. That is a tenfold increase in value, which is quite significant. Ever since LEOcoin switched to Proof-of-Take, there has been a growing interest in obtaining this cryptocurrency. As it can no longer be mined, investors have to buy it from exchanges, which drives the price up over time.

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