DEPO Crypto Shrugs Off Crypto Crash, Proving NFTs Are Still White-Hot

The dust from today’s cryptocurrency crash has yet to settle. Coins are still dragged into the red, and related stocks are also suffering. But some projects have managed to excavate themselves and end a rough day in the green. Depo (CCC:Depo-dollar) is one of those cryptocurrencies that are able to avoid a crash – and crypto DEPO even posts an impressive gain this afternoon.

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DePo is by no means a big cryptocurrency. With a market capitalization of just $51 million, it pales in comparison to Bitcoin (CCC:BTC-USD) And Ethereum (CCC:ETH-USD). This is due in large part to the fact that the project is only a few months old; The DEPO token was launched at the end of October. But the project is gaining ground very quickly. More importantly, it proves that interest in non-fungible tokens (NFTs) and DeFi will not happen soon.

DEPO Crypto Sees Double Gains

According to the DePo website, the project is trying to connect every cryptocurrency in the world in one place. It describes itself as a multi-market aggregator, allowing users to link assets from almost anywhere in the world to the project. In essence, it removes the need to jump from exchange to exchange and wallet to wallet.

Since its launch in October, the network has moved quickly to build up its offering. DePo is Attracting a lot of attention on Twitter Because it shows its intuitive interface to buy, sell and store NFTs. Meanwhile, users can Easily move their assets between DeFi protocols on the platform. These two tools, according to the developers, are coming to the platform soon.

DEPO’s growth reinforces the idea that investors are looking for exposure to NFT, even in the face of a bearish market turn. Coins like Bitcoin and Ethereum are driving investors to buy the dip. However, DEPO crypto drives investors to buy or risk losing. In fact, the token is gaining impressively today as the bulls build a buzz around the upcoming bridges. Trading volume increases by 13% as a result of the last 24 hours and DEPO is gaining 17%.

Publication date, Brendan Ryrick He did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, and are subject to InvestorPlace.com’s posting guidelines.