Squid Game Crypto Coin Soars Over 100.000%

Lovata Andrean

Squid Game Crypto Coins Soar by More than 100.000
Squid Game Crypto Coins Soar by More than 100.000

Rancakmedia.com - The price of the cryptocurrency ethereum touched an all-time high on Friday. However, its achievements are less dazzling than the newest cryptocurrency, the squid game, which is said to be based on the most popular Korean drama series 'Squid Game'.

Unmitigated, the price of the crypto squid game on trading Saturday (30/10) at around 11.20 WIB reached 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 more than 100.000 percent, crazy!

Based on the white paper, Squid Game started presale on October 20, and sold out in less than 1 second.

In the white paper, 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 will be invested in rewards

“Prizes increase in value as more individuals play. Most importantly, there are no fatalities. If you fail the game, your experience will only represent your joy at winning the prize and your sadness at losing the money” Business Insider reported on Friday (29/10) that someone had written a white paper squid game.

Squid Game Crypto Coin

However, many emphasize squid game crypto as a hoax. This can be seen from the time you put funds into it, but there is no indication that it can be released.

CNBC International last Thursday stated that Coin Market Cap had issued a warning that it had received numerous examples of people being unable to sell these coins on Pancake Swap, or the popular decentralized exchange.

The reason why this money cannot be sold is still not very clear. But the telltale sign is that these coins have anti-dumping technology that prohibits users from selling their coins if certain requirements 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 until now we have not received an answer.

Meanwhile, ethereum, the 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 Rp. 14.165/US$). Throughout October, ethereum rose more than 50 percent.

The widespread use of the ethereum blockchain is the cause of its rise until it finally breaks its all-time high.

Meanwhile this afternoon, ethereum was trading at around US$ 4.249,5/coin.

Then bitcoin, trading at around $61.586/coin, rose 0,53 percent in the last 24 hours, while the last 7 days rose 0,69 percent. Binance Coin, the third top cryptocurrency in the last 24 hours, rose 6,71 percent, and in the previous 7 days 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 Soaring Over 100.000%:

This Squid Game went on 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 numerous examples of people being 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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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks