ALEOUSDT trade ideas
ALEO, another new coin with massive growth prospect!Aleo Tokens allow users and developers to secure verification and data services on the decentralized network and compensate service providers for their work to benefit the entire Aleo open-source ecosystem.
Aleo Tokens are used to access blockspace and computational resources on the network, with users paying Tokens to submit transactions and have them processed.
After reaching a parabolic high of 6.9 since its launch a few weeks back, the coin retracted more than of it's gains to tap 2.7 levels.
Now, based on recent price behavior -- an initial shift is starting to transpire. Net buying activity has been observed from the current price range conveying base positioning for future growth.
The current zone offers an attractive discounted zone that's hard to resist.
Spotted at 2.90
Interim at 5.0
Long term ATH/Beyond.
TAYOR.
Aleo | Layer1 & zero knowledge Aleo is the first platform to provide fully private applications. It accomplishes this by using decentralized systems and zero knowledge cryptography to secure user data online. At its foundation, Aleo delivers unlimited computing power with complete privacy for both users and developers.
Designed as a blockchain that is private by default, open-source, and web-focused, Aleo is seen by its developers as uniquely capable of addressing challenges in blockchain adoption. With Aleo, users can access a wide range of personalized web services while retaining full control over their private data. Aleo operates on its own independent blockchain.
It is available for trading on 4 markets and 7 exchanges, with Gate .io being the most active so far. Coinbase added Aleo to its platform around 24 hours ago under an experimental label. which means the asset is new to the platform, typically exhibiting lower trading volumes and higher volatility.
speaking of coinbase, Aleo recently revealed a partnership with Coinbase to offer custodial services and other initiatives. Aleo’s CEO, Alex Pruden, highlighted Coinbase’s extensive expertise and strong infrastructure as key factors in their decision. The US-based cryptocurrency exchange operates in various sectors, notably working with institutions like the US Department of Justice through its Coinbase Prime service
Aleo has attracted investment from a range of notable venture capital firms and investors.
Some of the key investors in Aleo include:
a16z Andreessen Horowitz, Tiger Global, SoftBank Vision Fund 2,Samsung NEXT, Coinbase Ventures, Galaxy Digital, Polychain Capital..these investors highlight strong backing from both crypto focused and traditional investment firms
we going to bullmarket phase and Aleo can hit higher targets as well
