Crypto awesome! Converted 1 thousand into crores in a week, is now the time to buy?
There are many ways to earn money in the changing technology world. One of these is crypto. Today is the era of crypto and anything is possible in the crypto market. Many investors are earning big money after investing here. One such news is coming.
According to a report, a penny token bitcoin has jumped 8,57,63,221 percent (over 80 million percent) in the last week. To understand it a little more simply, if someone had invested Rs 1,000 in this token just a week ago, then by now Rs 85.76 crore would have been made. You heard it right. 85 crores of 1 thousand.
According to data from Coinmarketcap, the coin has gained 19,650 percent in just one day. After this bounce, it has reached from $0.000003271 to $0.0006462. If you do not understand this dollar, then let us tell you in rupees. It jumped from 0.00024 paise to 0.048 paise in 24 hours. Although its price is still less than 5 paise in Indian Rupees.
According to a report in Economic Times, the coin has a market capitalization of over $3 billion. However, the volume of the token has declined by about 21 percent. Volume remains a little over $125,000.
There are a total of 6,10,000 Bytecoin tokens up for the supply, but the maximum supply is limited to 1,000,000,000,000,000. Also, Bytecoins will be issued based on the Binance Smart Chain platform and will fully comply with the ERC20 standard.
Experts Advice?
Crypto market experts point to phishing activities in the token, which has led to a sudden surge, to the surprise of many. They suggest staying away from such tempting traps.
Sharat Chandra, VP – Research and Strategy, self-sovereign identity management platform EarthID, said, “More than 90 percent of Bytecoin is held by just five wallets (a kind of people) and these whales (big fish) voluntarily change prices. can manipulate"
“It is a very risky one. Even the risks far outweigh the rewards offered by this BTC rebase token,” he said, advising investors to stay away from it.
