This token has bottomed out! There is 30% room to go up!

Privacy coins are a type of cryptocurrency designed to protect user privacy and transaction anonymity. They use various technical means to ensure the privacy of transactions and prevent transaction records from being tracked.

As a top-level project with more than $200 million in financing, Aleo

Founded in 2019, Aleo has proposed to build a privacy-protecting, permissionless and programmable platform since its inception. The official introduction of its main technologies includes Simple Proof of Work (PoSW), Leo language, AleoBFT, Varuna and other contents. These technologies mainly build an L1 blockchain network with privacy protection as the core, through zero-knowledge proof technology, combined with POW, POS, and AleoBFT consensus mechanisms. From the perspective of comprehensive technical characteristics, Aleo is more like an L1 blockchain network that integrates the consensus mechanisms of Ethereum and Solana, and is also supported by zero-knowledge technology.

In 2021, it received $28 million in Series A financing, and in 2022, it completed $200 million in Series B financing, with a valuation of $1.45 billion. The investor lineup is also well-known institutions such as a16z, SoftBank, Kora, and Coinbase.

However, the development progress of the Aleo team seems to be a bit slow. The final version of the test network was not launched until May 2024. The main network was announced as early as 2023, and the main network planned to be launched in January 2024 was also delayed to September. In this process, Aleo missed the bonus period of project rise in the early stage of this bull market, and also made the early miners who participated in waiting for rewards suffer.

It can be said that whether it is from the team background, technical concept or investor lineup, Aleo is full of Buff. If it were not for the slow launch speed, it might have already been among the ranks of the first-tier new public chains.

The aleo coin plummeted from 6u to 2.2u

Except Gate and Bitget, other platforms are not available for purchase. You can buy it with a small position and sell it after a rebound of about 30%

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