What currency does ALPHA belong to? One article will help you understand ALPHA coin
- 王林Original
- 2024-08-01 15:15:04354browse
ALPHA is a DeFi governance token issued by Alpha Finance Lab. The token is used for governance, staking, incentives and the Alpha Homora lending protocol, giving holders platform governance rights, revenue sharing and ecosystem participation opportunities.
What currency does ALPHA belong to?
ALPHA is a native governance token issued by Alpha Finance Lab and is a DeFi (decentralized finance) currency.
Detailed introduction
Alpha Finance Lab is a platform focusing on DeFi infrastructure and financial protocols. The ALPHA token is the core of the platform and has the following functions:
Governance: ALPHA holders can participate in the governance of the platform and vote on proposals such as protocol upgrades, new features, and allocation of funds.
Staking: ALPHA tokens can be staked to earn rewards derived from fees generated by the platform.
Incentives: ALPHA token serves as an incentive to reward users who contribute to the platform and provide liquidity.
Alpha Homora: Alpha Homora is a lending protocol developed by Alpha Finance Lab, and the ALPHA token is one of the main assets for borrowing and lending on the platform.
Features of ALPHA coin:
- Total supply: 100,000,000 ALPHA
- Issue time: February 2021
- Platform: Ethereum
- Smart contract address: 0xa1faa113cbe53436df28ff0aee542 75c13b40975
Conclusion
ALPHA COIN It is a DeFi governance token issued by Alpha Finance Lab. It is used for governance, staking, incentives, and the Alpha Homora lending protocol. ALPHA coin holders can play an important role in the platform and share in the benefits of its success.
Alpha Token (A) Price Analysis
Current Price: 0.0013748150988085 USD
Trading Volume (24 hours): 0.32727564 USD
Circulating Market Cap: 26690.66373724 USD
In the past 24 hours, Alpha Token (A) ) prices fell sharply -72.32486776%.
Factors leading to price movement
- Pessimistic market sentiment: The overall sentiment in the cryptocurrency market is pessimistic, leading to widespread sell-offs, including A.
- Increased Selling Pressure: Heavy selling puts pressure on prices.
Future Price Trend Analysis
In the short term, A’s price fluctuations may continue. Pessimism could push prices further down. However, the long-term technical picture remains bullish, with support near $0.0012.
Recommendation
For short-term holders of A, it is recommended to trade cautiously and consider stopping losses. For long-term holders, now may be an accumulation opportunity, but caution should be exercised.
Short Term Forecast
The price of A is expected to continue to be volatile and may fall further to test the $0.0012 support level.
Indicator
- Current price: 0.0013748150988085 USD
- 24-hour trading volume: 0.32727564 USD
- Circulating supply: 19414002.479586 A
- Circulating market capitalization: 26690 .66373724 USD
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