These 2 Altcoins Receive Investments From Giants: Their Prices Exploded!

Blockchain customer rewards platform apM Coin (APM) has received a $5 million investment from DWF Labs. Also, Polytrade (TRADE) has completed a $3.8 million startup round funding led by Polygon Ventures and others. Investment news of altcoin projects skyrocketed token prices.

apM Coin receives investment from DWF Labs, APM price exits vertically

Blockchain customer rewards platform apM Coin (APM) announced that it has received $5 million in investment and $1.5 million in discretionary partnership contracts from DWF Labs. Additionally, apM Coin stated that through its investment and collaboration with DWF Labs, the apM Coin Project will jointly develop and expand its cross-chain payment solution. As we have reported, altcoin price started to rise vertically after the news. APM jumped from $0.0147 to $0.01749 on the day, according to CoinMarketCap data. However, the altcoin price declined with subsequent profit sales. At press time, APM was trading at $0.0151, up 1.13% on a daily basis.

APM daily price chart / Source: CoinMarketCap

The apM Coin project has partnered with apM Group, Korea’s largest B2B apparel wholesale hub, and the apM Members mobile app has been launched at three malls. Additionally, the apM NFT e-Voucher service is available for live, in-app purchase and use in the wholesale apparel market.

Polytrade snatched millions of investment, altcoin price skyrocketed!

Polytrade (TRADE), a blockchain-based trade finance protocol, has completed a $3.8 million round of startups led by Alpha Wave, Matrix Partners, Polygon Ventures, and CoinSwitch Ventures, with participation from Singularity Ventures and GTM Ventures. The company was previously supported by Sandeep Nailwal, co-founder of Polygon, and Sameep Singhania, co-founder of QuickSwap. After the news of the investment, the altcoin price took flight. TRADE price climbed as high as $0.1161, erasing one zero from $0.07743 during the day. Even though the altcoin price has regressed slightly, it remains close to these levels at press time. TRADE is changing hands at $0.111, up about 43% on a daily basis.

TRADE daily price chart / Source: CoinMarketCap

Polytrade’s first modules include a financing arm that will bring real-world returns to Web3, a platform designed to provide working capital finance and invoicing to SMEs and large corporations. The company is open to the retail market, but primarily focused on institutional players. In addition, Polytrade hopes to expand into Latin American, US and European markets.

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