When does Aladdin Coin start (Aladdin Exchange)

When does Aladdin Coin start? According to coinmarketcap, it is as follows:

1. What is Alpha currency?

2. The issuance time of Aladdin Coin: November 4th, 2020.

3. Bitcoin price trend analysis: The current price trend of BTC is calculated based on 1 USD. However, Bitcoin has dropped more than 80% from the end of October to now. Bitcoin rose more than 70% in September, then fell by about 30%, and then fell below 8,000 USD.

Why does it say that it will rise so much? Let’s take a look at this chart.

Image source: coinmarketcap

In this chart, you can see that the price trend of Bitcoin and Bitcoin is very similar. Therefore, if the price of Bitcoin is to reach 10,000 USD, Bitcoin must undergo a significant rally to break through the resistance level of 20,000 USD. Moreover, because the price of Bitcoin fluctuates greatly (without any fundamental factors), why doesn’t Bitcoin have such a situation? It is because the market situation is sluggish, resulting in a sharp drop in Bitcoin. However, because Bitcoin itself is a highly stable market, its value is getting higher and higher.

Aladdin Exchange

According to official information, Aladdin Exchange will start at 19:00 on May 31st, Beijing time. Users can use any currency to trade Aladdin tokens with ALDT (Alpha) at a 1:1 ratio in the AMM automated market maker pool for ALBT/BUSD, ALBT/ETH, and other assets. At the same time, users can also earn alBTC and alDAI tokens as rewards by using pools based on alBTC-btc, alETH-sqrv, and alUSDT-awm4 on Curve. In addition, users can use stkBAL in Curve as their platform token to provide liquidity for ALDP, thereby improving the overall market quality.