• In the face of crypto market stagnation, this low-cap DEX altcoin balloons 47 percent

  • And everyone said to keep an eye on this specific Altcoin and yes — Sifchain – and they were correct.

    Sifchain (EROWAN), a low-cap DeFi altcoin, has skyrocketed by 47 percent in the aftermath of the general crypto market staleness.

    EROWAN has recovered from a low of $0.114 on April 23 to a current price of $0.168.

    What exactly is Sifchain (EROWAN)?

    SifChain is now ranked 271st among all cryptocurrencies, with a seven-day high of 47 percent. SifChain is now trading above resistance; after the surge is finished, it may enter a period of turbulence.

    SifChain has been trading on low volumes for the past seven days, but it currently has an exceptionally high sentiment score that is steadily improving.

    Many traders are looking forward to Sifchain EROWAN’s market behavior because it has become a high-performing Altcoin despite the immobility of Bitcoin, Ethereum, and all other stablecoins.

    Altcoins Save Investors from Expensive Fees

    Sifchain is the first-of-its-kind omni-chain decentralized exchange (DEX) dedicated toward digital assets and cryptocurrencies, allowing investors to avoid exorbitant trading costs and immature trades.

    Sifchain has set its sights on 20 to 25 blockchains in order to promote cross-chain interactions.

    The only way for DAOs to be self-sustaining is to obtain massive investment. Enabling cross-chain liquidity is critical for blockhain continuity.

    Sifchain is part of the Cosmos Software Development Kit (SDK) and operates in the Cosmos Network Blockchain network alongside Akash, Kava, and Terra.

    EROWAN — 100x Stronger Than ETH-Based DEXs

    When it comes to transaction speed and trade fees, EROWAN is 100 times more powerful and resilient than Ethereum-based DEXs.

    Sifchain, as a DEX, has the best of both worlds in terms of order books and liquidity pools, allowing for robust order execution.

    Users are bound to abandon a system as the APYs fall, making it extremely difficult to sustain its liquidity. The majority of protocols use annual percentage yields (APYs) to incentivize liquidity.

    The issue with keeping APYs relatively high is that it results in ignoring the native token price. PMPT is the answer to this conundrum.

    PMTP’s purpose is to increase the value of ROWAN so that the community will be motivated to HODL, which will increase ROWAN liquidity in the long run.

    To do this, the ROWAN exchange rate is modified on the Sifchain in modest increments.

    Every time you exchange, PMTP is applied. As the market value of ROWAN rises, the value of the swaps rises as well.

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