Digital Asset Exchange Crypto.com Rolls Out Support for Six Low-Cap Altcoins, Spurring Multiple Rallies
Crypto exchange giant Crypto.com is expanding its app roster by adding half a dozen up-and-coming altcoins.
The app announced its latest listing of play-to-earn metaverse token Merit Circle (MC), joining the marketplace’s more than 250 cryptocurrencies and stablecoins.
The decentralized autonomous organization gives voting rights to all MC holders, and players have access to over two dozen games. Merit Circle has surged upward in two waves after the listing announcement, rising by 14.3% from $2.30 to a high of $2.63. MC is up 11.25% on the day and trading for $2.55.
Also joining the Crypto.com app is Threshold Network Token (T), a privacy token that emphasizes user sovereignty. The project was born out of the recent merger between Keep Network (KEEP) and NuCypher (NU).
Threshold Network Token is experiencing some choppy price action and is currently up 1.2% to $0.12.
A decentralized finance (DeFi) protocol built on Ethereum (ETH) is also getting the green light from Crypto.com.
Alchemix (ALCX) is an automated yield farming, lending, borrowing, and staking protocol that uses tokenized yield funds to repay debts. Users can open collateral-backed loans that are paid off automatically using the yield generated by the collateral.
At time of writing, Alchemix is up 5.38% to $106.05.
Business-focused, open-source hybrid blockchain Aergo (AERGO) offers easy-to-use developer tools to create decentralized applications.
The price of Aergo is up a modest 1.37% and exchanging hands for $0.23.
Next up on Crypto.com’s newest additions is cross-chain DeFi platform Alpha Finance (ALPHA). The protocol automates maximum yields for users while reducing risk. The ALPHA token is used for liquidity mining, governance, and staking.
Alpha Finance is rallying by 6% at time of writing and valued at $0.30.
Last on the list of Crypto.com app newbies is Reef (REEF), which caters to users of DeFi, non-fungible tokens (NFTs), and gaming. It’s cross-chain compatible and community governed.
Reef is up by 3.38% and trading for $0.0099 at time of writing.
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