With more than 20 tradeable assets at ChainEX, 3 more wouldn’t hurt, right? As such, we’ve added 3 more assets for you to increase your portfolio!
What coins were added to ChainEX?
3 coins were recently added and listed on ChainEX. These include YFI, Sushi and 1INCH.
What is YFI? Is it a good investment?
YFI is the native cryptocurrency of the Yearn.finance protocol. It is a governance token that allows users to vote on which direction they want the protocol to head. As of December 2, 2020, YFI was ranked 34th with an $842m market cap a token price of $28k, and a fixed supply of 30,000 tokens. This fixed supply also means there is no inflation 😄
What is Sushi?
Well, it’s a raw Asian fish dish… Sorry. Wrong sushi 😅 SUSHI is an ERC-20 token issued to liquidity providers on the SushiSwap decentralized exchange.
Facts & Figures
- YFI started 2021 with a total trading volume of $325.96m, at this time of writing (21 January 2021), it sits at $372m!
- ChainEX is the only and first South African crypto exchange to list YFI, SUSHI & UNI. Cool, right? 😀
- SUSHI ended the year on a high. Literally. With a total trading volume of $141,353,789, less than a month later, ending 20 January 2021 with a volume of $334,141,949 😆
- Last but not least, UNI. The coin ended 2020 with a total trading volume of $521,291,034
So many reasons to add these coins to your portfolio. Which are you buying first? 😄
1INCH? What's that?
The 1INCH price at this time of writing is $3.91 with a 24-hour trading volume of $112,267,339. 1INCH price is up 2.0% in the last 24 hours. It has a circulating supply of 150 Million 1INCH coins and a max supply of 1.5 Billion. 1INCH reached an all-time-high of $6.28 on February 25, 2021.
1INCH was founded by Sergej Kunz (CEO) and Anton Bukov (CTO). The idea for 1INCH was developed at a hackathon in just over 60 hours at New York City. Fast forward today, it is one of the fastest growing DeFi products.
So what happens now?
Now? Well, now you register for ChainEX, download the app and invest in your favorite coin! Be sure to do your own market research before diving in.
Invite a friend to ChainEX and earn more rewards! Plus you’ll be partnering with what could potentially be the best cryptocurrency exchange in South Africa. I mean, EVERYONE is talking about ChainEX.
ChainEX is a South African digital asset exchange that provides a platform for South Africans to buy, sell, or trade a variety of different digital assets using the South African rand as the default fiat-buying currency. And also the first South African crypto exchange to list Bitcoin Vault, YFI, SUSHI, LINK & UNI! The South African crypto market is growing by the day!
ChainEX provides you with a secure, online platform from which you can purchase and trade with different digital assets. But you know this already 😄
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There is no such thing as a 100% safe investment, and each decision has its risks. In any case, it is up to you to decide. All content and topics covered are mere opinions and do not constitute investment advice. Trading and investing in Bitcoin or any cryptocurrency carries a high level of risk. We do not assume any responsibility for actions taken upon reading any of our articles. ChainEX is not a financial advisory firm, investment manager, or financial consultant.