- Aleph Zero (AZERO) crypto is a privacy-enhancing, DAG-based platform, which has a wide range of potential applications.
- Founded by Adam Gągol, Michal Swiętek Matthew Niemerg, and Antoni Zolciak, AZERO crypto’s first version went live on its mainnet in November 2021.
- The AZERO crypto on Friday was trading at US$0.713374 with a trading volume of US$8,84,916, as per CoinMarketCap.
Aleph Zero (AZERO) crypto is a privacy-enhancing, DAG-based platform, which has a wide range of potential applications due to its integration with substrate. According to its whitepaper, Aleph Zero crypto works in a dual role of both as a public ledger and private ledger.
Due to this, AZERO users can build DeFi projects that are faster and secure on a public DLT platform. At the same time, it can safeguard the privacy of each transaction. Founded by Adam Gągol, Michal Swiętek Matthew Niemerg, and Antoni Zolciak, AZERO crypto’s first version went live on its mainnet in November 2021.
Related read: What will Valereum's NFT Open Marketplace platform offer?
On 17 June, the 3033-ranked AZERO token was witnessing a rally of 6.15% at 11:00 (GMT+1), according to CoinMarketCap.
Reasons behind rally
AZERO crypto is rallying on the back of the news of its Uphold listing on 16 June. Uphold has launched the token for trading on its platform, where users can start trading from 17 June. At present, the trading for the token has been opened to users of all regions. The users can check the details from the app.
Besides the Uphold listing, the AZERO crypto joined hands with NovaWalletApp on 15 June to offer staking facilities to its users. In return, they will earn rewards for it.
Related read: Crypto firm Circle to launch its first euro-pegged stablecoin
Some of the key features of the AZERO crypto are scalability, which allows the protocol to complete at a superior transaction speed. The fully decentralised platform boasts the speed of 100,000 TPS. Being seamless in nature, the AZERO crypto offers an opportunity for enterprises to offer businesses solutions that are efficient, powerful, and trustless system in nature.
Price and performance
The AZERO crypto on Friday was trading at US$0.713374 with a trading volume of US$8,84,916, as per CoinMarketCap. Though the token was enjoying a price rally, from the volume side, it wasn’t having a good day as its volume was down by 58.32%.
At present, the Aleph Zero protocol was enjoying a market cap of US$51,098,111 with a total supply of 299,999,720 AZERO coins in circulation. The token has had a torrid run in the market and has lost more than 37% of its value in the past 30 days.
The present rally should be music to investors’ ears as it has broken the weeks of its bearish run. However, it remains to be seen, whether it’s a one-day wonder or not. Market participants must make sure that they do their market research and study the trends before taking crucial investment calls.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.