Enzyme, a decentralized, open source, MLN-powered cryptocurrency exchange platform has made a lot of noise in the last week. The price of Enzyme has surged nearly 60% in just one week after a successful funding campaign. The project is being run by the Enzyme Foundation, which has received a generous grant of $25,000 USD from the Ethereum Community Fund. The Enzyme Foundation has announced plans to support their own coin and the Enzyme Network, which will allow users to make deposits, withdrawals, and payments in Enzyme. The Foundation has also launched an application for the Enzyme Network, which allows users to pay their bills in Enzyme.
Enzyme (MLN) is a Cryptocurrency token based on the Ethereum platform. This article is about the growth of Enzyme in the past week.
- Within a week, MLN has increased by more than 60%.
- The MLN cryptocurrency enables users to invest in other people’s funds.
- The main reason for the price increase is the Defi collaboration and the listing on a well-known exchange.
The current trading price of Enzyme, according to Coinmarketcap, is $117.36, up 60% in the last week. This is good news for coin holders who are expecting a price increase in the coming days.
The trading volume of MLN is $166,107,164, and it has increased by 25.72 percent in the past 24 hours. It is ranked 154th, having a total market capitalization of $210,403,984.
MLN’s price chart
Top exchanges like as Binance, Huobi Global, OKEx, XT.COM, and Coinbase Exchange provide the cryptocurrency. MLN coins have a current circulation supply of 1,792,738. The price increase over a week is readily seen in the demography.
Finance for Enzymes (MLN)
Melon Protocol, previously known as Enzyme Finance, was founded in 2016. It is a protocol based on Ethereum (ETH) that allows users to build, manage, and invest in crypto asset management vehicles.
Between 2017 and 2018, about 1,250,000 MLN coins were produced and circulated. The MLN cryptocurrency was introduced to the market in order to offer access to worldwide consumers and to reduce asset management limitations.
The value of MLN has risen dramatically as a result of two main factors: its listing on Binance, a well-known exchange, and the formal announcement of a DeFi collaboration.
On July 5, Binance announced that users will be able to trade MLN. Following this, the price of MLN soared by 55 percent in only a few hours, reaching $125. Enzyme’s DeFi collaboration with Yearn Finance was another news that grabbed consumers’ attention.
Users are predicting that the price of MLN will hit a new all-time high in the next days. Although the Enzyme economy’s latest advances and enhancements entice consumers, there is a significant likelihood of a price increase in the near future.
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