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Highlights
- DePo (DEPO), the world’s first multi-market aggregator, aims to act as a bridge within the cryptocurrency market, with an aim to make digital currencies available for users on one platform.
- It allows the users to seamlessly jump the queues while trading on different blockchain networks or on different exchanges.
- On 7 January, DEPO was trading at US $0.192076 with a trading volume of US$2,995,723 over a day. DEPO was up by 13.87% in the last 24 hours.
DePo (DEPO), the world’s first multi-market aggregator, aims to act as a bridge within the cryptocurrency market, with an aim to make digital currencies available for users on one platform. While trading, it allows the users to seamlessly jump the queues on different blockchain networks or on different exchanges. The users can trade, store, and manage the entire portfolio of digital assets with the DePo platform.
Being an intuitive interface, it effortlessly provides access to multiple tokens, NFTs and DeFi tokens to trade on it. Being a non-custodial and decentralized solution, it gives the users the complete control of the assets at all times, making it a more user-driven protocol service.
Also read: Is Bitcoin losing market dominance good news for investors?
On Friday, the token was seeing an impressive spike of over 13% and a volume gain of over 35% on the back of its yield farm with DePo Pools announcement, which would see users stand a chance to win US$2500 in DePo tokens.
Top 10 altcoins in 2022
Ever since DePo was launched in October 2021, it has been generating a lot on the market. Due to its ability to easily move their assets between DeFi protocols, it has managed to gain significant user base on its platform.
But the recent spike can be credited to the DePo recent announcement of registering 22% growth. DePo claims that this growth is even better than the 120% APY rewards for staking BTC in Farms. In fact, it was one of the top10 altcoins in 2022, which is fully equipped with DeFi, CeFi, and NFT trading terminal.
DeFi not just benefits the users. In fact, DePo is one of the favourite aggregators amongst the traders as well as they can store and manage their digital assets and are incentivised accordingly.
Also read: Top 10 cryptocurrencies beyond Bitcoin to watch in 2022
Is the DePo token worth considering?
DEPO token is ranked 2994 on CoinMarketCap. The recent spike is a continuation of its good run on the crypto market. In fact, just four days ago, it reached its all-time high of US$0.202769. On 7 January DEPO was trading at US $0.192076 with a trading volume of US$2,995,723 in 24 hours. DEPO was up by 13.87% in the last 24 hours with a fully diluted market cap point of US$171,714,887 and a supply of supply of 1,000,000,000 DEPO coins.
Bottomline
The recent good run signals good future for the DePo project and it would be hoping to see consolidate its position further. With the NFT funding in 2021, the current year could well be the year for such projects to further grow. In the first half of 2022, DePo team aims to release the NFT & Dashboard products and a Beta release of the protocol, which could see it function in a faster and better way.
