As the crypto market seeks support after a major crash, Singapore-based digital exchange giant Crypto.com has expanded its cryptocurrency list on its platform with two low-capital altcoins.
The popular stock market recently announced two new promising new products to its platform in a statement made on their website. altcoinAnnounced the addition of .
Lido DAO (LDO)
First among the listed cryptocurrencies is the governance token of the decentralized staking platform Lido Finance, which offers staking solutions on several popular blockchains. Lido DAO (LDO) exists.
Decentralized autonomous organization (DAO) of Lido, Ethereum (ETH) based token holders vote on project parameters, upgrades and staking protocols.
In March, the low-market project had gained recognition as a result of support from Silicon Valley-based investment firm Andreessen Horowitz (a16z). Stating that they intend to invest billions of dollars in Lido, the company explained why they chose this project, saying that Lido not only makes minimum deposit amounts accessible to daily crypto investors, but also offers an alternative to the option to trust centralized exchanges. Proof-of-Stake He stated that he democratized the (PoS) process.
In the article explaining the listing, Crypto.com stated that LDO can be purchased using various fiat currencies.
Following the positive trend in the crypto market, the Lido DAO is up over 20% post-listing and is trading at $1.75 at the time of writing.
Parsiq (PRQ)
The next altcoin to join the Crypto.com implementation is the blockchain transaction tracking protocol. Parsiq (PRQ).
As Crypto.com announced in its announcement, PARSIQ is a next-generation platform for real-time monitoring of events on different blockchains, including analytical tools for blockchain technology across industries.
With PARSIQ, users can easily integrate their blockchain infrastructure into their existing business and workflows. The PARSIQ ecosystem is built on the PRQ token contract built on the Ethereum blockchain, providing access to all PARSIQ services and tools.
PRQ token holders can exchange PRQ tokens for a ‘Power’ token, which can be used to subscribe to different usage plans and gain access to PARSIQ servers. Additionally, investors of the cryptocurrency can lend their tokens and earn passive income by staking in liquidity pools. can achieve.
On Tuesday, PARSIQ was trading at just under $0.17 but fell over 50 percent to as low as $0.08 in the early hours following the rest of the crypto market on Thursday.
The positive trend in crypto and post-listing PRQ has since recovered and is now trading at $0.10, up over 10 percent.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.