Quarkcoin (QRK) has been soaring for the last 3 days, gaining over 25%. It is currently trading at 0.13 mBTC ($0.12) on Cryptsy. This follows a week of relatively flat activity after descending from a peak of 0.14 mBTC ($0.13)- its highest level since the start of 2014.
QRK is once again challenging these 2014 highs. The coming days will be key in determining if QRK can break its new 0.13-o.14 mBTC resistance level, or at least build a solid platform from which to climb past it.
QRK has been quietly making its way up through the rankings of cryptocurrency market cap during the past few months, surpassing more established names like Primecoin in the process. It now sits in 9th place among cryptocurrencies with a market cap of approx. $29M.
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Through its battles in 2014, QRK has established a very solid floor of of 0.09 mBTC ($0.09) in the process. During its recent trough, this floor was raised to 0.10 mBTC ($0.10)- another signal of potential for new highs to come.
Quarkcoin got its latest boost when it became of of the latest exclusive cryptos added by Vault of Satoshi. This is only the 2nd exchange offering QRK trading with fiat, and the only one doing so in non-US denominations such as CAD.
Quarkcoin performed well in its debut, with the 4th highest volume traded in dollars.
Quarkcoin aims to stand out from other cryptos by utilizing multiple sophisticated hashing functions, making for one of the most secure structures. Combined with confirmations of only 30 seconds, it offers a rare combo of security and speed sought by its growing fan base.