xDai doubles price and reaches all time high!

xDai Stake, a coin I did a write up on here, has been hovering between $4 and $5 for a few days now. Originally available to be pre-staked on Bitmax before it's mainnet launch, the mainnet launched a few days ago. 

Today, xDai opened at it's predictable price somewhere in the $4-$5 range. Within just a few hours, it had shot up over $12, and now stands near $10 after a solid day of trading, shooting up it's marketcap.


This comes after Vitalik, creator of Ethereum, tweeted about it:


In addition, a post was made on Amazon about the usefulness of using xDai to simplify gas costs and token management. https://aws.amazon.com/blogs/awsmarketplace/build-and-monitor-custom-ethereum-tokens-with-blockscout-from-aws-marketplace/

All this comes in combination with the mainnet launch in mid-August, shooting up the coins demand and publicity.

Is xDai the future of DeFi on Ethereum? Let me know what you think!

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Head programmer of the Miasma cryptocurrency Also write on medium under the name Kayde Smith

The history and public view of cryptocurrencies
The history and public view of cryptocurrencies

In this blog, I examine how the public views cryptocurrencies, and how the situation we are in today came to be.

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