I hodl both and wanted to understand if one was moving faster than the other. Using ratios, I can see ALCX is outpacing 1INCH in price increases.
Market cap of ALCX is much lower 250 million vs 1billion roughly at time of writing, ALCX supply is lower as well 564,595 total circulating ALCX VS 380,884,858 1inch so no wonder it's moving faster.
This also means it could crash faster if the market runs into any turmoil in the coming weeks. Feels like we are OK but you never know.
Will wait for a minor correction and then probably move my 1INCH into ALCX as they have 80% APY staking currently.
What would you do?
Not trading advice, just documenting my thoughts to learn from in future.
Market cap of ALCX is much lower 250 million vs 1billion roughly at time of writing, ALCX supply is lower as well 564,595 total circulating ALCX VS 380,884,858 1inch so no wonder it's moving faster.
This also means it could crash faster if the market runs into any turmoil in the coming weeks. Feels like we are OK but you never know.
Will wait for a minor correction and then probably move my 1INCH into ALCX as they have 80% APY staking currently.
What would you do?
Not trading advice, just documenting my thoughts to learn from in future.
Comment:
Looks like 1INCH is pumping!
Comment:
Back to moving at the same time to gether