Ethereum-based cryptocurrency MobileGO recently entered the list of top 100 coins by market capitalization, according to Coinmarketcap data. The MGO token, developed by the eSports gaming platform provider of the same name, gained over 100% since last Saturday, when it was trading at around $0.33. At 08:39 UTC on Wednesday, it was changing hands at $0.68, up by 16.3% for the day on the back of some bullish news.
On Monday, gaming company Xsolla announced that its platform would accept MGO for payments, while crypto exchange Bitfinex decided on Tuesday to list the asset.
Xsolla offers a range of tools and solutions enabling game developers to launch, monetize, and expand their video games globally. The company said gamers can pay with MGO for more than 500 PC and mobile games provided by its partners. Moreover, developers will be able to get royalty payments in MGO based on a sliding scale percentage they pick.
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