And everyone was saying keep an eye on this particular Altcoin and yes – Sifchain – and they were right.
Sifchen (Irovan), a low-cap defined altcoin, is 47% skyrocketing in terms of general crypto market stagnation.
EROWAN bounced from a low of $ 0.114 on April 23 and is currently at $ 0.168.
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What is Sifchain (EROWAN)?
271ASt. At all cryptocurrency levels, SifChain has its seven day high streak at 47%. SifChain is now a price point that is above resistance; When the assembly is over it may be closer to the period of its instability.
SifChain has been trading at low volume for seven days but now it has a very bullish sentiment score and continues to rise.
Many traders are expecting Sifchen Irwin’s market behavior as it has become a high-performing altcoin despite having Bitcoin, Etherium and all other stability.
Altcoin protects investors from hefty fees
Sifchen is the first of its kind omni-chain decentralized exchange (DEX) geared towards digital assets and altcoins that enable liquidity, freeing investors from ridiculous trading fees and immature trades.
Sifchain monitors about 20 to 25 blockchains to facilitate cross-chain integration.
Crypto total market cap at $1.84 trillion on the weekend chart | Source: TradingView.com
The only way for DAOs to become self-sufficient is to get huge funds into their hands. Enabling cross-chain liquidity is important for continuity in blockchain space.
Siffchen comes from the Cosmos Software Development Kit (SDK) and runs alongside others on the Cosmos network blockchain network such as Akash, Kava and Terra.
EROWAN – 100x more powerful than ETH-based DEX
That being said, EROWAN is 100 times stronger and more powerful than Ethereum-based DEX when considering transaction speed and trading fees.
As a DEX, Sifchain has the best in the world in terms of order books and liquidity pool, enabling solid order execution.
Once the APYs are submerged, users are forced to abandon a protocol which makes it very difficult to maintain its fluidity. Most protocols encourage liquidity through the annual percentage yield of APY.
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Now, the problem with keeping APYs relatively high is that it eliminates the native token price. PMPT solves this dilemma.
The goal of PMTP is to increase the value of ROWAN so that the community is encouraged towards HODL which will increase ROWAN liquidity in the long run.
To do this, the ROWAN exchange rate is adjusted by small increments on the sifchain.
PMTP applies whenever you swap. As the market value of ROWAN increases, so does the exchange rate.
Featured image from Medium, chart from TradingView.com