SUPER BULLISH on SOLO - SologenicHi Traders, Investors and Speculators of Charts 📈📉
Before we dive deep into the fundamentals of the new DEX Sologenic, please note that this is not a paid shill or endorsement but rather introducing a new partner to try out in your crypto journey whether you speculate coins or NFTs.
Sologenic disrupts the asset trading industry by offering a decentralized ecosystem for Tokenized Securities, Crypto Assets, and NFTs. The Sologenic Development Foundation consists of independent developers dedicated to maintaining, expanding, and building the Sologenic ecosystem. Sologenic.com serves as the primary use-case for the Sologenic Ecosystem, providing on-demand tokenization of various assets, including Stocks and ETFs. There's also the mobile app for convenience and wallet creation.
Sologenic, the pioneering NFT marketplace built on the XRP Ledger, has received a grant from XRPL Grants. This grant program selects open-source projects that contribute to the growth of the XRP Ledger community. The approval came shortly after the successful launch of the Sologenic NFT Marketplace in January 2022. Sologenic's vision aligns with XRP's goal of revolutionizing decentralized finance (DeFi) by offering decentralized and borderless access to financial products and services while prioritizing security and performance. By leveraging the XRP Ledger's fast and efficient consensus algorithm, Sologenic aims to provide an intuitive and cost-effective platform for NFT trading.
The recent introduction of the NFT-Devnet unveiled the capabilities of the new XLS-20d technology, which enables native support for NFTs. Sologenic announced that once the technology becomes available on the Mainnet, a seamless migration of NFTs minted under the current XLS-14/SOLO methodology to the new format will be supported, preserving the history of each NFT. Operating within the same ecosystem as the Sologenic DEX, a decentralized exchange for cryptocurrencies such as XRP, SOLO, and upcoming Tokenized Assets, the NFT Marketplace offers a user-friendly interface for both newcomers and experienced traders. Sologenic aims to bridge the gap between traditional trading and NFTs, empowering users to have full control over their digital assets through their preferred private wallets.
Within its first week of operation, the Sologenic NFT Marketplace witnessed the sale of 4,300 NFTs, prompting the introduction of new features. The team has implemented profile and collection verification protocols to enhance user security within the decentralized ecosystem.
Noting that this is BULLISH for the price of XRPUSDT as well as SOLOUSDT, as it increases adoption and market cap considering you need about 10XRP to mint an NFT collection and 3 SOLO to mint an NFT. This is extremely affordable compared to other options in the market.
SOLOUSDT has recently released and the price is dirt cheap. It looks like most of the hype and airdrop sales are over, I'd be looking to start accumulation from now onwards (even though I expect the price to drop more, so it will be spot definitely not leverage). I am EXTREMELY bullish on SOLO due to the revolutionary nature of their products including minting on XRP and coming soon the stock market trading options.
POLONIEX:SOLOUSDT
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