The Particl cryptocurrency has announced the release of its new virtual marketplace. This is a new platform designed to work with the purpose of offering decentralized applications. This is designed to work with any cryptocurrency. The currency is also growing thanks to a possible partnership with a major university over working to develop a particular part of the program.

The native coin produced by Particl has experienced a major increase in its value following the introduction of the Particl Marketplace. The coin quickly grew in value by about 30 percent following its release. The coin was listed at around $10 at the start of Sunday, but its value has moved up to $13. The currency’s market cap has also gone over the $100 million mark.

The currency has also experienced its largest trading volume period in its history. Although there have been a few times where the currency had a volume of over $10 million in a single day, the total for Particl in recent time has gotten to nearly twice that total as new developments come along in the currency field.

About the Marketplace

The Particl token is expected to become more valuable as the Particl Marketplace continues to be made available and evolves with more features. The marketplace is a P2P/blockchain hybrid space that operates similar to an online auction site. It is a self-governed space where people can trade goods of all sorts. People can find various applications for use throughout the marketplace.

A vital part of Particl comes from its anonymity and its lack of fees within its escrow system. Most coins can be accepted while the data for the network is stored through an off-chain platform to create a scalable setup.

The Particl system also allows people to create their own decentralized apps through the Particl network. These apps would have to be prepared appropriately for sale on the Particl Marketplace as well.

Additional upgrades are expected to work throughout the marketplace as it continues to grow and further reviews of how it works take place. It is unclear as to when the next edition of the marketplace will come out or how much work would go into the process for developing it.

A Big Partnership

The people behind Particl may consider working with a plan for managing its development. The New Jersey Institute of Technology is expected to participate in a plan to help develop the network. This includes working with the RingCT setup. This would allow people to hide transaction amounts, a point that has yet to be concealed on most currencies.

The possible partnership was not as much of a factor in the growth of Particl as the development of the marketplace. But with the efforts involved, it shows that there is a strong chance for the currency to grow in value and become a more attractive investment to the public. It is a currency that is expected to continue to grow as the development of the currency moves forward and the next edition of the marketplace comes along.

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