About Sologenic (SOLO)
Sologenicas a "sophisticated ecosystem" built atop of the XRP ledger.
It facilitates investing and trading among blockchain assets (cryptos) and non-blockchain assets, such as stocks and commodities futures.
SOLO is the Sologenic ecosystem’s native token. It’s used for market making and liquidity provisioning, according to.
Take Tesla stock, in a given example, per the; in this example, TSLA would be presented on the platform as a tokenized stablecoin ("TSLAƨ"). These stablecoins are thus tradable and redeemable against XRP.
"SOLO creates a dynamic bridge between crypto assets and non-blockchain-based assets," Messari said.
Sologenic as of December 2021 was set to airdrop $1 billion of SOLO to XRP holders,.
The current price of SOLO
As of early April 2022, per, SOLO was trading at about $0.36, having shed 28% since the start of the year. SOLO’s decline in the first three months of 2022 coincided mostly lackluster performance across the digital asset markets. SOLO experienced a great deal of volatility towards the end of 2021. In October, the coin hit an all-time low of $0.06. From rock bottom, it then rose more than 1,000% to reach an all-time high of $6.55.
How the price of SOLO is determined
SOLO’s price partially stems from the token’s deflationary nature. Per, SOLO has a total supply of 400 million, roughly half of which is currently in circulation. Some 10% of initial supply was formally offered to the public, while roughly 35% resides with the project’s core development team.
What the bulls are saying
*Sologenic, via SOLO cards, hopes to bring the cash-back concept popularized by traditional credit cards into the crypto world, said.
*“Sologenic is a sophisticated ecosystem disrupting the asset trading industry, utilizing the on-demand tokenization of a wide range of assets,”said.
*SOLO will be worth more than $11 in ten years,said.
What the bears are saying
*Any cryptocurrency focused on providing utility must have a baseline population to make its platform worth considering and right now Sologenic's problem, like a lot of other projects, is the lack of adoption, said, a blockchain industry member writing in early 2022.
* Technical charts as of April 1, 2022, showed a slight divergence to the downside, meaning the prices may very well be in a bearish market,said.
*The value of SOLO was forecast to decline 3% by the end of the first week of April,said.
This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see ourbefore investing.
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This content is correct as of March 2022.
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