TL;DR Breakdown
• SQUID had a pre-sale on October 20 for a price of $0.012.
• The Squid Game token is trading today at $7.79.
The hit Netflix series The Squid Game becomes part of the crypto world with a cryptocurrency based on it. According to reports, SQUID is not officially brought by Netflix or by Hwang Dong-hyuk, the creator of the series, but by some fanatic developers.
CoinMarketCap, one of the broadest crypto platforms in the virtual market, reports that the SQUID token has gained a presence among cryptos within 15 days of its creation. The website reveals that the crypto is trading at $7.79 today, October 29, with a market capitalization of $5,763,861,635.
The Squid Game-based cryptocurrency gains fame
Despite CoinMarketCap revealing that the Squid Game-based token has struggled to sell on the Pancakeswap platform, enthusiasts are not limited to owning it. According to the crypto price website reports, SQUID increased its capitalization to over 300 percent in the last few hours. The operations volume with the crypto reached $9,725,989, increasing 61.73 percent in the last 24 hours.
CoinMarketCap cautions enthusiasts about crypto, saying it may be inspired by the series but not owned by Netflix.
SQUID will have an official crypto website in November. SQUID is the token of the crypto platform that expects to open its doors in the first days of November. This platform aims to give profits to people who participate in six classic games, very similar to the theme of the series.
SQUID started the pre-sale last Wednesday, October 20, and in just over a week, the supply is almost scarce. The Squid Game token developers have not elaborated on the project, although they are probably very proud of what they have accomplished in such a short time.
SQUID project could be a success
According to The Squid Game project whitepaper, the platform aims to profit its users through recreational games. Among the options, it is revealed that participants can play red light / green light where the winner will get 456 SQUID tokens that would correspond to more than $3,700.
But the SQUID project also promises the NFT market integration, where participants will also obtain rewards. While the crypto platform is unavailable to people, it has gained priority among upcoming NFT games compared to Axie Infinity.
During the SQUID pre-sale, the token traded for less than $0.012, occupying one of the last spots on CoinMarketCap. But just nine days into circulation, SQUID is ranked 2805 and on the rise after demonstrating a serious adoption wave.
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