What is Assemble Protocol (ASM) crypto? Find out why it is soaring

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What is Assemble Protocol (ASM) crypto? Find out why it is soaring

ASM crypto
Image source: © Bravissimos | Megapixl.com

Highlights

  • The ASM crypto is the native utility token of Assemble Protocol and helps users integrate and convert their blockchain points.
  • As of writing, the ASM crypto was up by 14.3 per cent to US$ 0.0309 per token.
  • The ASM crypto is available for trading on crypto exchanges like Coinbase Exchange, BKEX, and Gate.io.

The rapid decline in the prices of cryptocurrencies has kept crypto market enthusiasts hooked on the latest developments associated with the virtual currency market.

On Wednesday, May 25, Assemble Protocol (ASM) crypto caught the attention of the crypto market enthusiasts as it recorded a significant surge in its price and volume over the last 24 hours.

As of writing, the ASM crypto was up by 14.3 per cent to US$ 0.0309 per token. Meanwhile, the volume skyrocketed over 1200 per cent to US$ 13.7 million.

What is Assemble Protocol?

The official website mentions that Assemble Protocol is a platform based on blockchain technology and allows users to integrate their diversified blockchain points into a single asset.

In simple terms, Assemble Protocol is a platform for global point integration. It allows its users to use their blockchain points similarly as they use fiat money in the world without any constraints.

Also Read: What is LockPay and is it a pump and dump scheme?

The ASM crypto is the native utility token of Assemble Protocol and helps users integrate and convert their blockchain points. Notably, the Protocol allows users to convert their points into a single ASM crypto.

The official website mentions that users can easily integrate their points into the ASM crypto. Also, the users can visit the Assemble Market and use their points to purchase a wide variety of products.

ASM crypto

Bottom line

According to CoinMarketCap, the ASM crypto ranks 491 out of 19,569 cryptocurrencies worldwide, and its market capitalization was US$ 34.6 million at 5 AM EST.

The ASM crypto is available for trading on various crypto exchanges like Coinbase Exchange, BKEX, and Gate.io. At the time of writing, 1.11 billion ASM tokens were in circulation.

There was no particular reason behind the surge in the price and volume of the ASM crypto. Due to overall growth in the global crypto market cap, the price of the Assemble Protocol crypto could have grown due to increased investors’ attention.

Due to increased volatility in the crypto market, it appears that cryptocurrencies with long-term goals and actual use cases would sustain in the longer run.

Hence, it is important to research a particular cryptocurrency project before investing your money in it.

Also Read: What is AgeOfGods (AOG) crypto and why its volume soared 1200%?

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