And everybody was saying keep an eye on this specific Altcoin and yes — Sifchain – and they were right.
Sifchain (EROWAN), a low-cap DeFi altcoin, skyrockets by 47% in the wake of the staleness in the general crypto markets.
EROWAN has bounced from a low $0.114 on April 23 and is currently at $0.168.
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What is Sifchain (EROWAN)?
At the 271st 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.
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.
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.
Altcoin Saves Investors From Egregious Fees
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.
Sifchain has set eyes on roughly 20 to 25 blockchains to facilitate cross-chain integrations.
Crypto total market cap at $1.84 trillion on the weekend chart | Source: TradingView.com
The only way for DAOs to be self-subsistent is to get their hands on enormous funding. Enabling cross-chain liquidity is important for continuity in the blockhain space.
Sifchain is from the Cosmos Software Development Kit (SDK) and runs along others like Akash, Kava, and Terra in the Cosmos Network Blockchain network.
EROWAN – 100x More Powerful Than ETH-Based DEXs
With that being said, EROWAN is 100 times more powerful and robust compared to Ethereum-based DEXs when considering transaction speed and trading fees.
As a DEX, Sifchain has the best of worlds in terms of order…
