Apollo Currency (APL) is one of the last altcoins to climb through the rankings and splash on the first page of CoinMarketCap in recent weeks. The rapid growth of 418% of the currency in the last seven days worsened on Sunday, while APL recorded further gains of 40% overnight.
Instead of opting for a niche specialization, Apollo Currency aims to create a one-stop shop covering the entire spectrum of blockchain and crypto services.
The director of the business development project, Stephen McCullah, he recently declared his goal to break down the first twenty alts:
"I'm asked all the time, "do you really think Apollo can compete with the first 20 cryptocurrencies?". I would like to be very clear, we have not developed Apollo to compete with the first 20, we have developed Apollo to replace them. "
Apollo Currency rejects the idea of specialization in favor of generalization – in fact, when I scrutinize my list of stated goals, I can not see a single blockchain development area that has been left out.
According to the informative video that greets the users when they land on the project website:
"Although there are a variety of currencies to choose from in the current market, users are left to use one currency for one application and another for one".
What follows is a recital of all the technical objectives of Apollo Currency, which seems to represent a clean sweep of the hot-button features developed today in the blockchain space:
"Apollo will be the first currency to have a 100% private transaction option, with IP masquerading, as well as smart contracts, an asset system, a currency and token system, encrypted messaging, file sharing, a decentralized market , multi-signature accounts, voting system, alias system, decentralized data storage, decentralized exchange, coin mix and much more … "
All this, the video continues, will be built on a new generation blockchain. The Apollo project lists John McAfee as president, and this could explain the recent addition of the currency to the Bitfi hardware portfolio supported by McAfee.
Rapid Rise by Apollo Currency
Apollo began trading in July 2018 and has since fluctuated wildly. The data on market capitalization were not guaranteed until September when the full spread of the currency was announced, and immediately evaluated the APL with a market capitalization of $ 30 million.
Fast forward a few months, and after reaching a market capitalization of $ 6 million in December, this figure now stands at $ 50 million – partly helped by a 418% increase over the past week. This brought APL from a money price of $ 0.000714 up to $ 0.003703.
A recovery of 800% from the previous month marks the departure of Apollo Currency as one of the best performers of the new year, joining a new series of altcoins in a top one hundred ever more unrecognizable.
Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out short-term or daily trading activities.
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