Squid Crypto Token: Even though there are some concerns that prospective cryptocurrency investors need to look into before investing their hard-earned money into Squid Token, the cryptocurrency that is not officially associated with the hugely popular Korean Netflix program has increased dramatically over the last seven days.
Even though there are some concerns that prospective cryptocurrency investors need to look into before investing their hard-earned money into Squid Token, the cryptocurrency that is not officially associated with the hugely popular Korean Netflix program has increased dramatically over the last seven days.
According to CNBC, the South Korean cryptocurrency phenomenon ‘Squid Game‘ has surged by 2,400% in the last 24 hours and is now selling for $2.22. The novelty coin “SQUID” has a market worth of at least $174 million. Talking in Indian rupees if one invested Rs 1000 then it’s now valued at 3.45 lakhs.
An additional 1,014.50 percent was added to the price at 9.40 am on October 29th, when it stood at $ 9.40 am on the 29th when it was sold at $2.80. The trading volume surged by 123% to $5,513,681 in just 24 hours.
While today it showed a growth of 155.49% and reached $13.66 at the time of writing this article.
Squid Game Coin Background:
As the most viewed show in Netflix history, its death-game drama has become a phenomenon. The cryptocurrency initial pre-sale happened on October 20th, and according to the whitepaper, all of the coins were snapped up “within 1 second“.
Users interested in the token should be aware that CoinMarketCap has “received many reports that users are unable to sell this token on Pancakeswap” and has requested that users “take care” when trading the token.
Squid Game on the Internet cryptocurrency-based platform Squid Game claims to be “coming soon” for earning and playing the Korean series, including a high-risk game for minors.
Although there are no “deadly repercussions” or limits on the number of participants that may participate, unlike the TV program, players are required to make stakes using Squid tokens, or comparable NFTs purchased from the maker’s marketplace to participate in each game.
As of 9:15 am on Saturday 30th Oct, the token’s price had risen to 12.14, according to data compiled by CoinMarketCap. The tokens went online on Tuesday.
Squid Crypto Buying and Selling
Squid Game requires an initial investment in a well-known cryptocurrency, such as Bitcoin before you may purchase any tokens. You may buy the tokens on the well-known decentralized exchange pancakswap.com. To play the games, you must purchase tokens for a specified amount of money.
If you look at current prices, this isn’t a bargain. Players are required to purchase custom-made NFTs in some rounds. Additionally, you’ll have to fork up $15,000 (around $33,450) for the final round, in addition to the cost of an NFT.
Investment in Squid coin Risky or Not
The fan base for the Squid Game series spans the world. While everything appears to be going well, it’s a good idea to double-check your assumptions before hopping on board. According to a report from CNBC, prospective cryptocurrency investors should exercise caution, at least for the time being.
According to the business, users have complained to CoinMarketCap about not being able to sell their tokens on Pancakeswap. This is as a result of CoinMarketCap issuing a warning over this.
While the reason behind certain users’ inability to sell their coins remains a mystery, Users will be unable to sell their tokens if they do not meet specific standards, according to the white paper for the cryptocurrency.