Ethereum-Based Payments Altcoin Explodes 126% in Matter of Days As Bitcoin Breaks Above $41,000

An Ethereum-based altcoin project designed to bring crypto payments to the mainstream is soaring after announcing a new milestone.

The Metal Pay wallet app allows people to buy, sell and trade cryptocurrencies as well as send capital to acquaintances.

The project’s central crypto asset, Metal (MTL), has more than doubled in price since April 11th, soaring 126% from a low of $1.52 to a high of $3.44 earlier today.

The San Francisco-based project founded in 2017 recently announced that it’s partnering with the London-based Railsbank to bring services to users in the European Union. Metal is currently available in most US states.

Chief financial officer Irina Berkon tweeted a screenshot documenting her first successful transactions using the newly launched feature in Europe.

After correcting, MTL remains up 5.4% on the day and is priced at $3.17.

Another payments-focused project is soaring alongside Metal.

Crypto liquidity platform ZoidPay (ZPAY) recently said that staking is now live on the Maiar decentralized exchange (DEX), where stakers can earn up to a maximum of 25% APR in ZPAY.

ZPAY has been on a tear over the past week, steadily rising from a low of $0.34 to a peak of $0.81, marking gains of 138%. ZPAY has corrected slightly but still remains up 16.9% on the day and is trading for $0.76.

Maiar was created by the Elrond Network, whose native crypto asset EGLD powers the project’s enterprise-grade scalability and decentralized application (DApp) solutions.

The Cyprus-based ZoidPay began in 2018 with an emphasis on providing financial services for the Web 3.0 environment.

ZoidPay users can “shop anything from anywhere with crypto,” and developers have access to a range of tools that offer interoperability and cross-chain liquidity using application programming interfaces (APIs) and software development kits (SDKs).

The two payments altcoins are soaring amid choppy seas for the broader crypto markets.

Bitcoin (BTC) has once again broken above $41,000 after dropping to about $38,800 on Sunday. Meanwhile, Ethereum (ETH) is now above $3,100 after dropping to about $2,900 over the weekend.

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