This Top-100 Altcoin Has Pumped 60% in the Last Day

Voyager
Voyager

The price of Aurora (AOA), a blockchain platform that leverages a delegated proof of stake (DPOS) and Byzantine fault tolerance (BFT) consensus mechanism, has gained 60% over the past 24 hours.

After hitting a low of $0.008688 Wednesday, AOA has rebounded to $0.014648 and currently has a market capitalization of roughly $49 million, making it the 88th largest altcoin in the AltDex 100 Index (ALT100). AOA is currently the biggest gainer in the benchmark index, which is up 3.8% on the day.

CoinCodex

While it is unclear exactly what is driving the current price action, it could be tied to the project’s latest news that it has opened a European office located in Berlin, Germany. Aurora drove excitement around this news by staging an AOA giveaway for its followers.

Aurora ultimately plans to position itself as an Ethereum (ETH) competitor by offering a highly scalable platform for smart contracts and decentralized applications (dApps). The project currently has the goal to hit 2,000 transactions per second (TPS), which would significantly trump Ethereum’s 15 TPS.

More: AltDex Cryptocurrency Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

 
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts