Ethereum Sets Record Highs But Still Loses to Cryptocurrencies Here's the Explanation

Rancakmedia.com – But these achievements are less striking than today's cryptocurrencies, especially the game Squid Game This cryptocurrency is called after the most popular Korean television series 'Squid Game'.

Unmitigated, in trading the crypto squid game on Saturday (30/10/2021) around 11.20 WIB, the price reached US$ 12.69 / coin, according to statistics 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.

Crypto squid game 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 impact of death. If you fail the game, your experience will only represent your joy at winning the prize and your sadness at losing money” on Friday, 29/10/2021, Business Insider reported about the white paper squid game I created.

Ethereum Sets a Record High

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 on Thursday (28/10/2021), said that Coin Market Cap has issued a warning that they have received multiple examples 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 made the highest record, 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 Ethereum Sets the Highest Record:

Crypto squid trading game on Saturday (30/10/2021) around 11.20 WIB, the price reached US$ 12.69/coin, according to statistics from Coin Market Cap. This cryptocurrency is named after the most popular Korean television series 'Squid Game'.

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.

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