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Today, the price of diesel $diesel has reached 21u, and the market cap has risen from the bottom of 1M to 14M. Luckily, I saw the 10M upside early and bought then.
I just bought and sold on the oyl platform at this price, and it’s actually quite user-friendly.
Diesel is the official token of the Alkane Protocol. After it has been settled for half a year, it’s only then that it can be traded smoothly.
The reason diesel is going up may be related to the Alkane Protocol upgrade SUBFROST. The protocol plans to keep going deeper into DeFi on the Bitcoin main chain, and some people also speculate that holding diesel might come with an airdrop.
But to be fair, the previous diesel airdrop to oyl users didn’t get a good response—back then, especially idclub users and the methane community were not satisfied.
In the Bitcoin main chain swap, it seems that besides dotswap, the Alkane swap is the one that works well. Alkane also has smooth interactions with frbtc and busd, and the newly released espo browser makes it convenient to view transaction charts and lines.
oyl has found that currently only the pool with the largest diesel swap offers a decent experience, but it takes a while to wait for block confirmations, which is relatively slow.
Even though some other coins also have a few small pools, there are problems with their matched quotes, so I don’t dare to buy or sell for now.
Recently, more new protocols have been released, but there aren’t many that truly hold up under testing. And options for large funds are limited too. So be more patient, stay calm, think carefully, and only make a move when you’ve got it figured out.
#alkanes