Current trends in the cryptocurrency market show that even the most devoted AVAX and Monero holders are starting to switch to the new project DeSoc.
Impact of AVAX Updates on Investors
Recently, Avalanche rolled out an update for its Core wallet, allowing users to purchase cryptocurrency directly from bank accounts or debit cards. However, the AVAX token lost over 8% of its value in 24 hours, and trading volume has decreased. Currently, AVAX is priced around $23.
State of Monero and Investor Sentiment
Monero is also facing challenges, remaining in a tight trading range. Recent updates show XMR testing resistance around $321, but indicators suggest bearish sentiment. Many Monero holders are growing tired of constant speculation and are considering investing in DeSoc.
Advantages of DeSoc in Market Context
DeSoc stands out amidst other projects due to its structure. By allocating 45% of tokens for public purchases and ensuring a 30-year liquidity lock, the project avoids common presale mistakes. The $SOCS token serves as the foundation for a platform that integrates social media and allows users to access and share content.
The situation in the cryptocurrency market suggests that investors are beginning to move away from familiar holdings in search of more sustainable and functional projects like DeSoc.
