Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend
A Bitcoin (BTC)-based decentralized alternate platform (DEX) is skyrocketing regardless of turbulence inside the crypto markets.
New knowledge reveals that AlexGo (ALEX), a decentralized buying and selling platform for BRC-20 tokens that’s set to launch subsequent week, surged from its seven-day low of $0.0595 on Could sixth to a brand new all-time excessive of $0.154 simply six days later, a 158% enhance.
The 287th-ranked crypto asset by quantity has since retraced and is buying and selling for $0.146 at time of writing.
AlexGo, which made its market debut final September, lately reached out to different crypto property constructed on the crypto king to fill out a token itemizing type so they could be a a part of the crypto alternate.
Based on the DEX’s official Twitter web page, token buying and selling is slated to roll out someday subsequent week, although no particular date was given.
Moreover, AlexGo lately announced the launch of ALEXBridge, which connects the DEX to the Binance Sensible Chain, the blockchain of the world’s largest centralized crypto alternate platform by quantity.
Based on Chiente Hsu, co-founder of AlexGo, the mission would be the first-ever decentralized alternate platform for Bitcoin-based digital property in the marketplace.
“Prepare for the world’s first and quickest DEX for BRC20!
Lightning-fast speeds, strong safety, and seamless integration with all Bitcoin layer-1 property.”
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Examine Worth Motion
Comply with us on Twitter, Facebook and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
