Jakarta, CNBC Indonesia – The price of the cryptocurrency ethereum hit an all-time high on Friday. But the achievement is less flashy than the newest cryptocurrency, squid game, which is named after the most popular Korean show series ‘Squid Game’.
Unmitigated, the crypto squid game on trading Saturday (30/10) at around 11:20 WIB the price touched 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 skyrocketed by more than 100,000%, crazy!
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Photo: Coin Market Cap- – |
According to the white paper, the squid game is on sale presale last October 20, and sold out in just 1 second.
In white paper the squid game is said to be a crypto currency “play to earn“. Crypto squid game voters can play the game online online inspired by the ‘Squid Game’ series. If you want to play a fee of 10% is charged to the developer, and the rest will be invested as a prize
“The more people who play, the more prizes you will get. Most importantly, there are no consequences to death. Your experience will only reflect the joy of winning the prize and the sadness of losing money if you fail the game,” wrote white paper squid game, as reported by Business Insider, Friday (29/10).
However, many have highlighted the crypto squid game as a scam (scam). It can be seen from when investing capital into it, but there is no evidence that it can be withdrawn.
CNBC International last Thursday reported that Coin Market Cap has issued a warning that it has received multiple reports of users not being able to sell these tokens on Pancake Swap, or the popular decentralized exchange.
The reason this currency cannot be sold is still not very clear. But the indications are that this coin has anti-dumping technology that prevents people from selling their coins if certain conditions cannot be met.
CNBC International has tried to contact the information contract listed on Squid’s website, asking if the developer is aware of the issue. But so far have not received a response.
Meanwhile, ethereum, the cryptocurrency with the second largest market capitalization after bitcoin, yesterday scored an all-time high of US$ 4,455.75/coin or more than Rp. 63 million/coin (exchange rate of Rp. 14,165/US$). Throughout October, ethereum was up nearly 50%.
The widespread use of the ethereum blockchain was the trigger for the increase to finally break the all-time high.
While this afternoon, ethereum is trading at around US$ 4,249.5/coin.
Then bitcoin, trading at around $61,586/coin, is up 0.53% in the last 24 hours, while the last 7 days is up 0.69%. Binance coin, the third leading cryptocurrency in the last 24 hours, is up 6.71%, and in the last 7 days 9.51%.
While tether and cardano which fill the top 5 crypto assets in the last 24 hours are down 0.01% and 0.76%. In the last 7 days it dropped 0.05% and 7.71%, respectively.
CNBC INDONESIA RESEARCH TEAM
(pap / pap)
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