Price of BLOX Cryptocurrency Doubles in Past Two Days

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 Price of BLOX Cryptocurrency Doubles in Past Two Days
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Highlights

  • In two days, price of Blox doubled to reach US$0.058
  • Blox is a three-layer crypto-based social trading platform, which helps users to create, manage and maintain cryptocurrency trading portfolios
  • Blox was founded as CoinDash in Israel by Alon Muroch and Adam Efrima in 2016.

In the cryptocurrency space, it’s not unusual to see a crypto rise from relative obscurity to sudden stardom. While it’s perhaps a stretch to describe Blox as a star at this point, it’s no doubt rising, this week having achieved massive gains.

On Monday, 30 August 2021, Blox was priced at US$0.024. It’s current price as of Wednesday 1 September 2021 is US$0.058 – more than doubling in just two days.

RELATED READ: What is Revain crypto and how to buy it?

Image source © Kdrs32 | Megapixl.com

What is Blox?

Blox is a three-layer crypto-based social trading platform, which helps users to create, manage and maintain cryptocurrency trading portfolios as well as maximising their profits.

Blox – formally known as CoinDash - helps its users to manage and organise their trading portfolio in a simple format, while allowing to copy the other fellow trader’s activities – which they refer to as Copy Trading.

Blox’s Development

As previously mentioned, Blox was founded as CoinDash in Israel by Alon Muroch and Adam Efrima in 2016.

Headquartered in Tel Aviv, Blox has a small development team of around 50 staff.

Blox is priced at US$0.057868 as of 1 September 2021 and has a market cap of US$37,686,136. Its current circulating supply is 674,579,184 coins with a total supply of 1,000,000,000.

What Makes Blox Different?

Blox tries to appeal to the greener, less experienced crypto investor. As Blox’s official website states – “the major obstacle faced by the cryptocurrency industry is the barrier to entry that inhibits mass adoption”

Blox addresses this by allowing its users to observe all the trading activities of traders on the platform. This system also allows the user to copy and create their own trading portfolio in accordance to the portfolio of more experienced traders using the platform.

Users are rewarded with the CDT token which allows the users to access premium features.

Moreover, users can earn CDT by making their own individual private portfolio and trading activities available to other users to learn from.

The Blox platform also has a feature called Copy-Trading where users who wish to copy the trading strategies of the top investors can use the smart contract technology employed by Blox.

RELATED READ: 5 Cryptos To Watch In September 2021

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