👉👉7X Uptrend For Solana-Based Altcoin: Price Moved! 👈👈
Cryptocurrency investment firm Multicoin Capital has increased its investments by announcing that it expects an altcoin to increase in value by 7 times.
Multicoin Capital made a statement stating that it has accumulated many positions for Drift Protocol (DRIFT) through private placement and public markets. The company predicts that the price of DRIFT could rise to $3.58. Considering its current price of $0.522, this estimate indicates a nearly 7x increase. DRIFT's market value is currently around $118 million.
The report emphasized that Drift has the potential to provide access to global financial markets, especially for users in developing countries. The platform has seen a rapid increase in trading volume and market share in a short time, benefiting from the rapid growth of the Solana ecosystem.
Multicoin Capital is one of the lead investors in Drift's seed round. Drift is a derivative decentralized exchange (DEX) operating on Solana.
Drift stands out as a completely open, unprotected, and permissionless DeFi platform where all derivatives can be traded. The platform, which has features that can rival centralized exchanges (CEX), has managed to attract the attention of investors by offering low costs and high efficiency.
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