Alchemix USD Price Down 1.4% Over Last 7 Days (ALUSD)

Alchemix USD (ALUSD) traded 1.5% lower against the US dollar during the 24 hour period ending at 23:00 PM E.T. on November 24th. Alchemix USD has a total market capitalization of $233.59 million and $216.69 worth of Alchemix USD was traded on exchanges in the last 24 hours. Over the last week, Alchemix USD has traded down 1.4% against the US dollar. One Alchemix USD token can currently be purchased for approximately $0.98 or 0.00005930 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • KILT Protocol (KILT) traded down 13.1% against the dollar and now trades at $0.37 or 0.00002224 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 7.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 1.6% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 1.6% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded up 4% against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 3% higher against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded 1.6% higher against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded up 3.1% against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 15.4% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 1.6% against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

About Alchemix USD

Alchemix USD’s launch date was February 27th, 2021. Alchemix USD’s total supply is 3,291,070 tokens and its circulating supply is 238,707,111 tokens. Alchemix USD’s official message board is alchemixfi.medium.com. Alchemix USD’s official Twitter account is @alchemixfi and its Facebook page is accessible here. Alchemix USD’s official website is alchemix.fi.

According to CryptoCompare, “Alchemix is a platform to create yield-backed synthetic tokens.The requirements for creating such a synthetic token is that any existing token, such as stablecoins or ERC20s, must already have a yield generating mechanism on chain. This could be lending markets, such as Compound or AAVE, or vault-like products, such as the yvDAI Vault, or aLINK Vault. The Alchemix team are targeting stablecoins for our first synthetic token, which will be called alUSD (the al denoting the Alchemix platform).The plan is for alUSD to be mintable from several stablecoins, but the protocol will initially only support DAI. The examples in the following sections for alUSD will apply to other al-Tokens in a near identical way. The dApp contains the following components: Vaults, Transmuter, Farming, and Treasury.”

Buying and Selling Alchemix USD

It is usually not currently possible to purchase alternative cryptocurrencies such as Alchemix USD directly using U.S. dollars. Investors seeking to trade Alchemix USD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Alchemix USD using one of the exchanges listed above.

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