Among alt-coins, Quark is a name that we’ve been hearing more about lately with the QRK symbol showing up repeatedly in digital currency chat logs as well as appearing on exchanges. Like many other alt-coins, quark advertises itself as an ‘improved digital currency’ and compares its benefits to bitcoin on its main site. Currently priced at 0.00015 BTC on Vircurex, each quark coin is valued at just under 10 cents. Despite the small denomination, having a large float of available coins that have been mined, the market cap of quark is currently among the largest for alt-coins, coming in at a current $22 million. With the large float comes higher volumes, which has led to a rising adoption of exchanges offering trading in quarkcoins. Currently, the highest volumes are being executed at Cryptsy, Bter, and Coins-e.
Following the trend of rising volumes and digital exchange adoption, CoinMKT has announced to its customers that starting January 1st 2014, they will begin to offer trading in quark. The addition of quarkcoin occurs as CoinMKT will also be adding trading in Megacoin and Worldcoin.
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Terracoin Gets the Boot
However, also being stated by CoinMKT is that they are removing trading in Terracoin. Sporting a small value per coin, terracoins have been one of the largest movers in price over the last two months, as at one point TRC/BTC in November had risen 25X in less than 30 days. Nonetheless, the coin has been the target of exchange removal, as BTC-e had also stated its plans to eliminate trading in terracoins before ultimately retracting that decision and keeping it on board.