Why are Arcona, Aldrin cryptos trending today?

The crypto market is picking up speed with more new players coming in and the existing players expanding their products and technology while offering ease in using cryptos.

On Tuesday, Arcona (ARCONA) was trading at US$0.108608, down -5.8%, at 11:24 am ET. 

The token’s circulating supply is 15,181,707, and the total supply is also the same.

As per Coingecko.com, Arcona’s current market cap ranking is #1796. 

Arcona is an information space, an ecosystem that creates digital land, an augmented reality where the physical and virtual worlds meet, and perfectly linked to the real world. It offers augmented reality content in real-world locations, giving users an interactive experience.

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Arcona’s total market cap is US$1,645,216, and the 24-hour trading volume ended on Tuesday evening was US$5,249. Its 24-hour low and high prices were US$0.104800 and US$0.116185, respectively. In addition, its all-time high price is US$0.776867, recorded on April 9, 2021, and the all-time low price is US$0.00222579, logged on July 5, 2020.

The exchanges where people can trade in Arcona tokens are 1inch Liquidity protocol, Bancor Network, and Uniswap. The token has gained 380.4% in one year, as per coingecko.com.

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Source - Pixabay           

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Aldrin’s (RIN) price was US$3.72, up 13.9%, at 11:55 am ET on Sep 28, with a 24-hour trading volume of US$304,996, as of Tuesday evening.

Aldrin is a decentralized exchange (DEX). Its mission is to create powerful tools for trading with simplified DeFi. Aldrin is on the news after it became the first audited automated market maker (AMM) on the #Solana blockchain.  

Its 24-hour lowest price was US$2.98, and the highest was US$4.13. Its market cap is US$20,570,426. Aldrin touched an all-time high price of US$6.90 on Sep 16, 2021, and an all-time low price of US$0.702177 on July 10, 2021.

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Its circulating supply is 5,459,242.52 RINs, and the maximum supply can reach up to 50,000,000 RINs. Aldrin has built a decentralized exchange (DEX) in Q4, 2020, with the full-featured trading terminal on top of Serum and Solana Blockchain. In Q1 of 2021, it developed analytics for Serum Network and wallet for Solana Blockchain. 

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In Q2 and Q3 (the current third quarter), it launched Rebalance and Swaps tools. The launch of AMM might have triggered Tuesday’s price gain. In addition, Aldrin has plans to launch a centralized exchange (CEX) in Q4 this year, along with smart trading on Aldrin DEX.

Aldrin can be traded on MECX Global, the most active exchange for Aldrin currently.

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Bottomline

The crypto market has been volatile. While there are a plethora of options for trading in cryptos, investors should be careful while choosing cryptos because of their volatile nature.