DODO starts the week on a bullish note: it’s up by over 10% and here’s where to buy it
- At the time of writing, the price of DODO token was $0.1667 and has hit a daily high of $0.2273.
- It had gained 10.23% over the last 24 hours.
- Here is a quick guide on where to buy the DODO token.
The price of the DODO token has started the week on a surge. In the early hours of Monday morning, the token had surged above $0.22 before retracing to its current price at about $0.16.
The coin is however in the green compared to its price 24 hours ago.
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To help investors and traders who want to invest in DODO token as it takes off, Invezz has created a brief article to help with identifying the best places where the token can be bought.
To find out more, please continue reading.
Best places to buy DODO token
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
What is DODO?
DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider that uses a unique proactive market maker (PMM) algorithm to offer better liquidity and price stability than automated market makers (AMM).
DODO’s PMM pricing mimics human trading and uses oracles to get highly accurate market prices for crypto assets. It also provides sufficient liquidity in order to stabilize the portfolios of the liquidity providers, lower the price slippage and reduce the impermanent loss by allowing arbitrage trading.
DODO protocol also has an ICO listing program that allows new crypto projects to conduct free ICO listing through the Initial DODO Offering (IDO) which only requires participants to deposit the tokens that they own.
The native token of the DODO protocol is called DODO and it is an ER20 token that operates on the Ethereum network.
Should I buy the DODO coin today?
If you are looking for to invest in an altcoin whose price has surged by more than 10% today, then the DODO token could be a good choice.
However, investing in cryptocurrencies is risky because the crypto market is extremely volatile.
DODO price prediction
While there is not much happening within the DODO ecosystem except for the free NFTs being given out every Thursday and the recent integration of DODO into Cross-Chain Wallet, an On-Chain DEX for everyone, the majority of investors expect the price of DODO to at least rally above $0.3 by the end of this week going by the current market surge across the general crypto market.