And everybody was saying keep an eye on this specific Altcoin and yes — Sifchain – and they were right.
Sifchain, a DeFi altcoin of low capitalization, explodes 47% following the stagnation in general crypto markets.
EROWAN rose from the low of $0.114 on April 23, to $0.168 today.
What’s in a Name?| What’s In A Name? Ethereum Domain Sales Increase 2,300%
What is Sifchain?
The 271StSifChain is at its 7-day highest streak of 47% for all cryptocurrency. SifChain now stands at a price level that is well above resistance. It may soon be approaching its volatility period after the rally has ended.
SifChain traded on very low volume for seven days, but now it has a highly bullish sentiment score that is constantly rising.
Sifchain EROWAN has been a highly-performing Altcoin, despite being immobile like Ethereum and Bitcoin. Many traders anticipate its market performance.
Altcoin Saves Investors from Egregious Fees
Sifchain (omni-chain decentralized ex-change) is the most innovative omni-chain exchange for digital assets.
Sifchain is currently looking at approximately 20-25 blockchains in order to enable cross-chain integrations.
The weekend chart shows that the total crypto market capital is $1.84 trillion. Source: TradingView.com| Source: TradingView.com
For DAOs, the only way to become self-sustaining is to obtain large amounts of funding. It is crucial to allow cross-chain liquidity for blockhain continuity.
Sifchain, which is part of the Cosmos Software Development Kit(SDK), runs in conjunction with Akash, Terra and Kava within the Cosmos Network Blockchain network.
EROWAN – 100x More Powerful Than ETH-Based DEXs
EROWAN, when you consider transaction speed and trading fee considerations, is 100x more robust and powerful than Ethereum-based DEXs.
Sifchain, as a DEX has all the advantages of a DEX in terms order books and liquidity pool. This allows solid order execution.
If APYs fall, then users are likely to abandon a protocol. It is very hard to keep it liquid. Most protocols encourage liquidity through annual percentage yields.
Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout| Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout
Keep in mind that APYs are too high and it causes native token prices to disappear. PMPT solves this problem.
PMTP’s goal is to pump up the ROWAN value so that the community would be encouraged to HODL which will beef up ROWAN liquidity for the long term.
This is done by adjusting the ROWAN exchange rate in small increments using the Sifchain.
PMTP applies to every swap. Swaps are more valuable as ROWAN’s market value rises.
Featured image taken from Medium. Chart by TradingView.com