Maya, the digital wallet formerly known as Paymaya, has added a bunch of new cryptocurrencies and tokens to its mobile app, allowing anyone to invest in Dogecoin (DOGE), ApeCoin (APE), Stellar (XLM), Avalanche (AVAX), and Algorand (ALDO).
The new cryptocurrencies compliment Maya’s already burgeoning array of crypto and token options, which include BTC, ETH, USDT, SOL, ADA, DOT, MATIC, LINK, UNI, and QNT.
For people who don’t know, DOGE was initially launched back in 2013 as a joke – a statement on the Wild West nature of cryptocurrencies as a whole. But the memecoin suddenly spiked in 2021, reaching a value of Php 30.37 from almost 0, which allowed Glauber Contessoto, an investor that invested all of his savings and stocks in DOGE to become a millionaire himself. While DOGE’s value fell to just Php 4.32, it’s still a far cry from near-zero value before its explosion in 2021.
APE on the other hand is the utility token of the APE ecosystem and Yuga Labs – the same people behind the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible token (NFT) collections. Its value currently sits at Php 322.78.
ALDO is the most interesting of the bunch, as it’s a proof-of-stake blockchain token of the Algorand protocol, which is the official platform of FIFA. Its current value sits at Php 20.43.
AVAX on the other hand is the token for Avalanche, a smart contract-focused blockchain that boasts fast transaction times with low costs and low environmental impact. AVAX is currently trading at Php 1,254.
Lastly, XLM is the token of choice for Stellar, an open-source, decentralized protocol for digital currency to fiat money low-cost transfers which allow cross-border transactions between any pair of currencies. Its current value is Php 7.26 as of press time.
The addition of DOGE to the Maya cryptocurrency portfolio allows retail investors to further diversify their crypto holdings into more tokens and currencies than ever before. But take caution when you’re investing in highly volatile assets like crypto, especially in this current economic climate.