Two altcoins have quietly pulled off massive rallies, doubling in price while Bitcoin and the broader crypto markets traded sideways over the last week.
Ion is the utility token for Osmosis, a cross-chain automated market maker (AMM) that allows developers to build and deploy their own customized AMMs.
Osmosis is built on top of the Cosmos (ATOM) network, which has seen its own hot streak, up 55% in the last two weeks.
ION has entered the new year with a bang, quickly jumping in price on January 4th from under $7,000 to over $10,000. After correcting, ION rallied from $7,378 all the way to $14,806 in less than two days. ION has continued its rally and topped out at $18,441 earlier today. It remains up