Decentralized exchange IDEX, the local crypto asset of the same name, has skyrocketed 70% in the last 48 hours. The altcoin, which started trading at $ 0.559 yesterday, reached its year-high level of $ 0.1057 in less than two days.
Koinfinans.com As we reported, according to TradingView data, it is possible to see this price action that broke multiple resistances and bullish candles of significant momentum in IDEX. CoinmarketCap data shows that in the past 24 hours, the altcoin’s trading volume has increased by almost 600% to $310.7 million, while its market cap has soared by 52% to $63.5 million.
The main reason for the increase in price is seen as IDEX’s official release of Tier-2 capabilities. With the latest update, the developers have released the latest version of their product, which allows users to take complete control of their trading activities without sacrificing performance or security. This innovation is a synthesis of decentralized stock market surveillance and centralized stock market performance. defined.
Introducing the all-new IDEX.
The world’s first Layer3 exchange. pic.twitter.com/mpyS7wIhNz
NEWS CONTINUES BELOW— IDEX 🐐 (@idexio) April 24, 2023
The exchange announced to its community that it will soon release the testnet, allowing stakers to earn 50% of the fees generated by the platform. Also, with a host of events planned for the rest of the year, with the upcoming launch DeFi informed users about the proposal to restart the article.
IDEX was trading at $0.0980, dropping slightly from the local high at the time of reporting. However, the upside momentum remained intact and the next resistance is $0.1094.
You can follow the current price action here.