Ethereum Sets Highest Record But Still Loses to Crypto Money, Here's the Explanation

Lovata Andrean

Ethereum Sets Highest Record But Still Loses to Crypto Money, Here's the Explanation
Ethereum Sets Highest Record But Still Loses to Crypto Money, Here's the Explanation

Rancakmedia.com - But this feat is 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 crypto squid game trading on Saturday (30/10/2021) at 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 more than 100.000 percent, crazy!

Based on the white paper, the squid game went on 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 selector Cryptocurrency 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 is no impact of death. If you fail the game, your experience will only represent your joy in winning the prize and your sadness in losing the money” on Friday, 29/10 /2021, Business Insider reported on a white paper squid game I created.

Ethereum Sets Record High

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

CNBC International on Thursday (28/10/2021), said that Coin Market Cap had issued a warning that they had received many examples of people who were 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 Sets the Highest Record, 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 IDR 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 Ethereum Printing Highest Record:

Crypto squid game trading on Saturday (30/10/2021) at 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 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