Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend

A Bitcoin (BTC)-based decentralized exchange platform (DEX) is skyrocketing despite turbulence within the crypto markets.

New data reveals that AlexGo (ALEX), a decentralized trading platform for BRC-20 tokens that is set to launch next week, surged from its seven-day low of $0.0595 on May 6th to a new all-time high of $0.154 just six days later, a 158% increase.

The 287th-ranked crypto asset by volume has since retraced and is trading for $0.146 at time of writing.

AlexGo, which made its market debut last September, recently reached out to other crypto assets built on the crypto king to fill out a token listing form so they can be a part of the crypto exchange.

According to the DEX’s official Twitter page, token trading is slated to roll out sometime next week, though no specific date was given.

Furthermore, AlexGo recently announced the launch of ALEXBridge, which connects the DEX to the Binance Smart Chain, the blockchain of the world’s largest centralized crypto exchange platform by volume.

According to Chiente Hsu, co-founder of AlexGo, the project will be the first-ever decentralized exchange platform for Bitcoin-based digital assets on the market.

“Get ready for the world’s first and fastest DEX for BRC20!

Lightning-fast speeds, robust security, and seamless integration with all Bitcoin layer-1 assets.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney