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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

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  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Planet IX Launches New Mission Control and Tile Contract

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Netflix Themed P2E Token Surges Over 2,400%, Here’s Why

2021-10-29
in NFT
0
Netflix Themed P2E Token Surges Over 2,400%, Here’s Why
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Netflix’s most-watched and one of the talked-about Korean exhibits of all time Squid Sport is now making heads flip within the crypto world. An identical Play-to-Earn NFT sport token known as SQUID appears to be following the recognition of the present within the crypto market because the token value surged almost 2,400% inside 24-hours. The value of the squid token surged from 1 cent to $2.20 inside 24-hours, making it one of many greatest gainers within the crypto world. SQUID remains to be hovering and at the moment buying and selling at $3.07 with 450% positive factors over the previous 24-hours.

Squid Game
Supply: TradingView

The Squid sport permits gamers to purchase the native token to participate in numerous on-line video games that permit token holders to multiply their holdings. Cornell College economist Eswar Prasad informed the BBC defined the explanation behind the mammoth surge within the value of the P2E token.

“This cryptocurrency joins an extended and rising checklist of digital cash and tokens that piggyback on random memes or cultural phenomena. Remarkably, many such cash quickly catch buyers’ fancy, resulting in wildly inflated valuations. Naïve retail buyers who get caught up in such speculative frenzies face the danger of considerable losses.”

You Can not Promote Your Squid Sport Token

The crypto market has been overtaken by the NFT frenzy in current instances and P2E NFT video games are a rage at the moment. Added with the truth that creators of the NFT sport determined to financial institution on the success of the current Netflix blockbuster exhibits how crypto tasks usually financial institution on the pattern. One other catch for the SQUID token is that it can’t be offered simply.

As per a warning on Coinmarketcap, many customers weren’t capable of promote their SQUID token on Pancakeswap the place it’s at the moment listed. Whereas it’s not clear the precise purpose behind the difficulty, however many Koreans consider it to be an anti-dumping mechanism the place customers should fulfill some standards earlier than they’ll promote the token.

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