(TIME) Crypto Takes Off After a Sizable Fundraise From Mark Carnegie

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

There’s a new crypto investors are paying attention to today. (CCC:TIME-USD) is seeing the spotlight after closing out a lucrative fundraise. But as investors rush to add TIME crypto to their portfolios, there’s already a host of investors who have gotten quite the return on their holdings. What exactly is, who is the investor who led its recent fundraise, and just how much has this under-the-radar token grown over recent months?

a digital graph overlayed over hands typing and a pile of crypto coins

Source: Shutterstock isn’t the largest project. Even with a market capitalization of $221 million, TIME is surpassed in size by 191 other cryptos. However, it’s steadily raising its cap by offering a unique project to the blockchain industry. See, focuses on bridging gaps between employers, employees and contractors through blockchain.

The ecosystem essentially functions to streamline the job hunting process, both for those looking for work and those looking to hire. One can think of the network as a decentralized LinkedIn; users create profiles, search the network for jobs and reach out to potential employers using data stored on the blockchain.

It also changes the way freelancers can think about searching for contracts. That’s because, in addition to the networking opportunities offered by, the network also accommodates on-chain payments between employers and contractors. The network fuels these payments with the TIME token. But, if that doesn’t sound appealing, it also hosts its own exchange called TimeX. Using TimeX, one can receive their payment and have it converted to whatever other coin or fiat they might want.

TIME Crypto Gets a Boost After $30 Million Fundraise is quickly becoming one of the biggest projects out of Australia, and its news today evidences that. The TIME crypto is seeing a big gain on top of word that Australian venture capitalist Mark Carnegie is making a big bet on the platform.

As the company reports, Carnegie is the leader of a $30 million fundraise for The investment comes through Carnegie’s MH Carnegie & Co. firm. The project says the funds will be used to continue scaling up the network’s capabilities and bulking out its existing offerings.

As the news makes waves across the industry, investors are beginning to swarm the TIME crypto. Indeed, the $2.9 million in TIME exchanging hands today represents a 240% gain on yesterday’s volume. It’s also pushing the token’s value up a great bit; a 12% increase in TIME prices sees the crypto trading at $312.24.

On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

The post (TIME) Crypto Takes Off After a Sizable Fundraise From Mark Carnegie appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.