Digital asset exchange Crypto.com lists two low-cap altcoins as crypto markets look for support
Singapore-based exchange giant Crypto.com adds two small-cap altcoins to its list amid a market-wide plunge.
First up is Lido DAO (LDO), the governance token of decentralized staking platform Lido Finance, which offers staking solutions on several popular blockchains.
Lido’s Decentralized Autonomous Organization (DAO) grants Ethereum (ETH)-based token holders voting rights over project parameters, upgrades, and staking protocols.
Back in March, Silicon Valley-based investment firm Andreessen Horowitz announced that it supports Lido because the project democratizes the proof-of-stake process by making both minimum deposit amounts achievable for everyday crypto investors and an alternative to relying on centralization offers exchange.
Crypto.com says LDO will be available for purchase using a variety of fiat currencies.
At the time of writing, Lido DAO is following the general crypto market trend with a drop of 11.29% and a price of $1.39.
The next altcoin to join the Crypto.com app is blockchain transaction-tracking protocol Parsiq (PRQ).
According to the announcement
“PARSIQ is a next-generation platform for real-time event monitoring across different blockchains that provides cross-industry analysis tools for blockchain technology.
With PARSIQ, users can easily integrate blockchain infrastructure into existing businesses and workflows.”
Built on the Ethereum blockchain, Native Token PRQ powers the project’s ecosystem. Holders can lend their tokens and generate passive income by staking in liquidity pools.
On Tuesday, PARSIQ was trading just below $0.17 but was down over 50% to $0.08 by early Thursday.
PRQ has since recovered 12.5% and is currently trading at $0.09.
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