Alpha Finance Lab’s DeFi token has risen in price almost 200 times over the past 4 months. Its growth accelerated after January 7, 2021, the asset crossed the historical maximum value. The rapid increase in demand for the token occurred against the backdrop of the support of the well-known developer Andre Cronier, who in the summer of 2020 issued the YFI token, which rose in price by 130,000% in the first 1.5 months, writes RBC Crypto.
“It was a pleasure to work with the Alpha team. We’re delighted to have @iearnfinance ecosystem working with @AlphaFinanceLab on the AlphaHomoraV2 project. The tight integration of Alpha, Cream and Sushi allows you to make a lot of money in order to expand and scale much more! ”Cronier said on his Twitter account.
It has been a pleasure working closely with the Alpha team, excited to see @iearnfinance ecosystem be collaborating with @AlphaFinanceLab project and # AlphaHomoraV2 product. Seeing Alpha, Cream, and Sushi integrate so closely allows yearn vaults to expand and scale much more! https://t.co/e58hFvnNPa
– Andre Cronje (@AndreCronjeTech) January 7, 2021
In October, when the project was launched via Binance Chain, the Alpha Finance token was trading at $ 0.1. Over the past three months, its cost has increased by about 200 times. On January 7, Alpha Finance updated its all-time high at $ 2.29. According to CoinMarketCap, the token of Alpha Finance Lab and the Alpha Homora ecosystem ranks 82nd in terms of capitalization and is traded at $ 1.9.
Alpha Finance is not the first coin to skyrocket on the authority of André Cronier. In December 2020, when it became known that he had invested in the CORN coin, in a few minutes its price soared by 950%, however, therefore, it fell by 87%.
Alpha Finance Lab is a DeFi platform focused on building an ecosystem within which projects will interact with each other. This will provide an opportunity to maximize revenue and provide users with access to the optimal alpha version on various blockchains, starting with Binance Smart Chain (BSC) and Ethereum.
Alpha Finance Lab has its own ALPHA token, it is needed to receive liquidity, vote and participate in blockchain governance. The Alpha Homora ecosystem operates on a principle similar to the financial protocol. Its purpose is to facilitate the use of investment strategies to increase investor returns.
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