Squid Game Crypto Coin Soars Over 100.000%
Rancakmedia.com – The price of the ethereum cryptocurrency touched an all-time high on Friday. But its achievements are less dazzling than the newest cryptocurrency, the squid game, which is said to be following the popular Korean drama series 'Squid Game'.
Unmitigated, the crypto squid game on trading Saturday (30/10) at around 11.20 WIB costs US$ 12.69/coin, according to data from Coin Market Cap. Compared to the price when it was first sold 4 days ago at US$ 0.012/coin, the price has jumped by more than 100,000 percent, crazy!
According to the white paper, the Squid Game started presale on October 20, and sold out in less than 1 second.
In the white paper, the squid game is supposed to be a “play to earn” cryptocurrency. Squid Game Crypto Coin voters can play online games inspired by the 'Squid Game' series. If you want to play, a 10 percent fee is collected to the developer, and the rest is invested as a reward
“Prizes increase in value as more individuals play. Most importantly, there is no death consequence. If you fail the game, your experience will only represent your joy at winning the prize and your sadness at losing money” Business Insider reported on Friday (29/10) that someone had written a white paper of the squid game.
However, many point to the crypto squid game as a hoax. It can be seen from when the funds were put into it, but there was no indication that it could be released.
CNBC International last Thursday stated that Coin Market Cap had issued a warning that they had received multiple instances of people unable to sell these coins on Pancake Swap, or popular decentralized exchanges.
The reason why this money cannot be sold is still not very clear. But the signs are that this coin has anti-dumping technology that prohibits users from selling their coins if certain conditions cannot be met.
CNBC International has attempted to contact the information contract mentioned on the Squid website, asking if the developer is aware of the situation. But so far have not received an answer.
Meanwhile, ethereum, cryptocurrency with the second highest market capitalization after bitcoin, yesterday recorded an all-time high of US$ 4,455.75/coin or more than Rp. 63 million/coin (conversion value of IDR 14,165/US$). Throughout October, ethereum is up more than 50 percent.
The increased widespread use of the ethereum blockchain was the reason for its rise to its eventual all-time high.
Meanwhile this afternoon, ethereum was traded in the range of US$ 4,249.5/coin.
Then bitcoin, trading at around $61.586/coin, is up 0.53 percent in the last 24 hours, while the last 7 days it's up 0.69 percent. Binance coin, the third top cryptocurrency in the last 24 hours, was up 6.71 percent, and in the previous 7 days it was 9.51 percent.
Meanwhile, tether and cardano, which were the top 5 crypto assets in the previous 24 hours, fell 0.01 percent and 0.76 percent, respectively. In the previous 7 days they fell 0.05 percent and 7.71 percent respectively.
Conclusion Regarding Squid Game Crypto Coin Surges 100.000% Over:
This Squid Game started presale on October 20, and sold out in less than 1 second. This is supposed to be a “play to earn” cryptocurrency. The price has jumped more than 100,000 percent from US$ 0.012/coin to US$ 12.69/coin.
Coin Market Cap has issued a warning that they have received multiple instances of people unable to sell these coins on Pancake Swap. ethereum, the cryptocurrency with the second highest market capitalization after bitcoin, yesterday recorded an all-time high of US$ 4,455.75/coin.