HUSKYX currently has a market value of about $ 1.8 billion. It is a cryptocurrency
HUSKYX, a little-known mime-based cryptocurrency, has hit the spotlight in the last 24 hours with a record price increase of 45,000%. This cryptocurrency is currently trading at $ 0.000001828.
In today's world of cryptocurrency, the huge decrease in market value over a short period of time has become a daily occurrence. It also points to trade-related risks and uncertainties in the crypto market.
Recently, on November 10, another unknown currency, the Kokoswap, rose 71,000% overnight, reaching $7.22 in just 24 hours, from $ 0.01,005. Shiva Inu, another currency that has been the center of attention on social media lately, has seen a significant increase in value in the last few days.
Recently, HUSKYX, another little known crypto token, has been added to the list. This coin has not yet received much publicity in the field of investment. However, according to CoinMarket Cap, after a sharp rise of 45,000% in the last 24 hours, its market value on Monday jumped from $ 0.000000004089 to $ 0.000001878, which has undoubtedly made the currency a topic of discussion in the crypto world. As of Monday's calculations, its trade value is $ 0.000001828.
The market value of HUSKYX is currently around $ 1.8 billion. It is a cryptocurrency. That is, its supply in the market is constantly declining and the currency is becoming increasingly scarce. Incidentally, every HUSKYX transaction is regularly taxed and a small portion of the total coin supply in the market is burned, which means that the supply of that portion in the market is stopped.
The Husky Coin is based on the Binance Smart Branch, which combines the re-base process and dividend rewards. Re-base is an elastic method by which the supply of money in the market decreases and increases. Even if the currency depreciates in the re-base process, it is related to the market capitalization and the value of each single currency remains unchanged. The re-base method is used to cut the price graph and bring it back to parity.
On the other hand, the popularity of cryptocurrencies in investment is steadily increasing. Investors are starting to rely on digital currencies. With the skyrocketing demand for first-tier currencies such as Bitcoin and Ethereum, the gradual introduction of lesser-known currencies such as Huskies to the limelight is also opening up new horizons in the crypto world. Recently, the total market capitalization of cryptocurrencies has exceeded 3 trillion. Bitcoin tops the list of the largest digital assets.
Comments
Post a Comment
Go text