A Bitcoin (BTC)-based decentralized alternate platform (DEX) is skyrocketing regardless of turbulence throughout 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 Might 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, just lately reached out to different crypto property constructed on the crypto king to fill out a token itemizing kind 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 just lately announced the launch of ALEXBridge, which connects the DEX to the Binance Good Chain, the blockchain of the world’s largest centralized crypto alternate platform by quantity.
Based on Chiente Hsu, co-founder of AlexGo, the venture would be the first-ever decentralized alternate platform for Bitcoin-based digital property available on the market.
“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.”
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