How does Asch cryptocurrency work?
Asch altcoin which carries XAS as its ticker symbol utilizes enhanced DPOS algorithm in its consensus mechanism. This helps at reducing the probability of block fork and also the risk of making duplicate payment. The sidechain is application mode of Asch which alleviates the issue of inflation from the blockchain and also makes dApp more characteristic and resilient. Asch comes across as a low-cost, one-stop solution which will serve as the next generation decentralized applications’ stepping stone.
The performance of Asch altcoin
Like many of the cryptocurrencies in 2017, Asch was attracting a low price. Up until mid-2017, the crypto had only touched $0.1 maybe once or twice. Upon the cryptocurrency craze setting in, the price of the coin started to rise to reach a high of $1.89. The highest market cap reached in 2017 was $156 million and the highest 24-hour traded XAS for the same year were worth $41 million.
In 2018, XAS started at a high price of $1.28 before rising even higher to touch $1.71. On February 6th, the cryptocurrency market dipped and more than half the value of the entire crypto market was lost. Unlike Ripple and Bitcoin which are seen as the market leaders and which shed a lot of dollars, XAS’s lowest price on that day was $0.6. The crypto recovered some of the lost value and since then it has been oscillating between $0.7 and $0.9. On 19th March, the coin managed to reach a high of $1.05 but closed at $0.83. Market cap as at 19th was $66 million. On the coinmarketcap market, XAS was among the best performers when 24-hour trading volumes were considered. The volumes traded as at 0900 CET stood at $4.5 million.
The prediction for 2018