And everybody was saying keep an eye on this specific Altcoin and yes \u2014 Sifchain \u2013 and they were right.\u00a0<\/span><\/p>\n Sifchain (EROWAN), a low-cap DeFi altcoin, skyrockets by 47% in the wake of the staleness in the general crypto markets. <\/span><\/p>\n EROWAN has bounced from a low $0.114 on April 23 and is currently at $0.168.<\/span><\/p>\n Suggested Reading | What\u2019s In A Name? Ethereum Domain Name Sales Climb 2,300%<\/a><\/em><\/strong><\/p>\n At the 271<\/span>st<\/span> level of all cryptocurrencies, SifChain has been on its seven-day high streak at 47%. SifChain is now at a price point that is above resistance; it may be nearing its volatility period once the rally is over.<\/span><\/p>\n SifChain has been trading on low volumes over the course of seven days but it now has an extremely bullish sentiment score and is continuously rising. <\/span><\/p>\n Many traders are anticipating the market behavior of Sifchain EROWAN as it has become a high-performing Altcoin despite the immobility of Bitcoin, Ethereum, and all other stablecoins.<\/span><\/p>\n Sifchain is the first-of-its-kind omni-chain decentralized exchange (DEX) geared towards digital assets and altcoins that enables liquidity, freeing investors from ridiculous trading fees and immature trades. <\/span><\/p>\n Sifchain has set eyes on roughly 20 to 25 blockchains to facilitate cross-chain integrations.<\/span><\/p>\n The only way for DAOs to be self-subsistent is to get their hands on enormous funding. <\/span>Enabling cross-chain liquidity is important for continuity in the blockhain space.<\/p>\n Sifchain is from the Cosmos Software Development Kit (SDK) and runs along others like Akash, Kava, and Terra in the Cosmos Network Blockchain network.<\/span><\/p>\n With that being said, EROWAN is 100 times more powerful and robust compared to Ethereum-based DEXs when considering transaction speed and trading fees. <\/span><\/p>\n As a DEX, Sifchain has the best of worlds in terms of order books and liquidity pools enabling solid order execution.<\/span><\/p>\n Users are bound to leave a protocol once the APYs plunge which makes it very difficult to maintain its liquidity. Majority of protocols incentivize liquidity by way of annual percentage yields of APYs.<\/span><\/p>\n Suggested Reading | Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout<\/a><\/em><\/strong><\/p>\n Now, the problem with keeping the APYs relatively high is that it results in casting aside the native token price. PMPT is the solution to this dilemma.<\/span><\/p>\n PMTP\u2019s goal is to pump up the ROWAN value so that the community would be encouraged to HODL which will beef up ROWAN liquidity for the long term. <\/span><\/p>\n To do this, the ROWAN exchange rate is adjusted by small increments on the Sifchain.<\/span><\/p>\n PMTP applies every time you swap. As the market value of ROWAN shoots up, the swaps also increase in value over time.<\/span><\/p>\nWhat is Sifchain (EROWAN)?<\/b><\/h2>\n
Altcoin Saves Investors From Egregious Fees<\/h2>\n
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Crypto total market cap at $1.84 trillion on the weekend chart | Source: TradingView.com<\/a><\/pre>\n
EROWAN \u2013 100x More Powerful Than ETH-Based DEXs<\/b><\/h3>\n
Featured image from Medium, chart from TradingView.com<\/a><\/pre>\n<\/div>\n