This Low-Cap Altcoin Just Skyrocketed After Pulling Off Major Milestone

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A low-cap altcoin has more than doubled its price in just one week after pulling off a huge milestone.

Polymath (POLY) tells its 50,500 Twitter followers that its Polymesh Incentivized Testnet (ITN) has been upgraded to a new version. The update paves the way for the availability of decentralized applications (DApps) on the protocol’s testnet.

Polymath is a securities token platform that allows users to create, issue and manage digital securities on the blockchain.

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According to a Polymath blog post, the Polymesh Incentivized Testnet brings them closer to launching the mainnet later this year.

“The Polymesh Incentivized Testnet marks the next step in the march towards Polymesh mainnet launch.

From Polkadot to Cosmos, ITNs are a proven way to hit two birds with one stone, driving community engagement and participation while stress testing on-chain functionality.”

The project is now in the midst of orchestrating “Running With the Bulls,” a set of challenges that allows participants to earn rewards by testing the key features and functionalities of Polymath.

POLY, which was added to US-based Coinbase last July, rallied from a seven-day low of $0.34 to a high of $1.25, marking a massive move of 267% in just one week. The crypto asset has retraced since and is now trading at $1.15.

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Featured Image: Shutterstock/korrakot sittivash/Vladimir Sazonov

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