In the last seven days, a project called HXRO has seen a huge increase of over 63% in value. It is built on Solana (SOL) and is becoming more popular for decentralized apps (DApps).
At the time of writing, HXRO is trading at around $0.195, which is up from $0.119 a week ago.
HXRO situation in the crypto market
However, in the past 24 hours, this cryptocurrency has fallen by almost 5%. HXRO is used for derivatives and betting apps as an on-chain liquidity layer. Recently, the HXRO protocol was chosen to power PepperDEX, a decentralized exchange for perpetuals and expiring futures trading.
On Twitter, Daniel Gunsberg, the co-founder and CEO of HXRO, shared exciting news about one of the project’s DApps.
UpDown is about to launch on a major iGaming operator’s website, similar to Rollbit.
This marks a significant milestone as major online casino operators are integrating true web3 applications as content for the first time.
The DApp is powered by the HXRO parimutuel protocol, and we can expect to see more of these on our favorite casino sites soon, all powered by HXRO.
Bitcoin reports about the price
Willy Woo shared with his one million Twitter followers that the fundamental strength indicator (FSI) of Bitcoin is indicating that the cryptocurrency is almost done with its re-accumulation phase.
The FSI is a metric developed by Woo to measure the strength of 17 fundamental and technical indicators.
Woo said the following:
“Early signs that BTC consolidation is nearing completion (FSI chart below).
Futures demand is currently moving the market, this demand has been climbing against sideways price action (this is bullish).
Volatility dynamics also signaling a larger move is probable.”
Woo, an on-chain analyst, is examining Bitcoin’s cost basis density map. This map tracks the price levels where buyers usually purchase BTC.
According to Woo’s chart, the map reveals that BTC has various levels of support, including down to $25,000.
