NewsBTC
2022-12-15 18:26:54

What Is COCOS? And How It Ended Up Replacing XRP In The Crypto Top 10?

An unknown cryptocurrency called Cocos-BCX (COCOS) surprised market participants by sneaking into the crypto top 10 by market cap. Out of the bloom, the token records over $25 billion in market capitalization, according to data from CoinMarketCap. Related Reading: AVAX Eyes The Next Resistance, Is It Time To Go Long? The platform experienced a bug that allowed COCOS to rise in the industry’s top ranking. As of this writing, CoinMarketCap removed the token, but its appearance raised some questions. Analyst Will Clemente asked his followers: What is this random shitcoin that just appeared at #6 on coin market cap? $12 million in 24-hour volume LOL (…). COCOS Ranks Alongside Bitcoin, Binance Coin, And Ethereum COCOS is Cocos-BCX’s native token. This platform is a GameFi incubator for “investment, distribution, IGO,” and community building. Its ultimate objective is to bridge people to the Web3 space and support “high-quality” projects in the sector. The platform provides users with a LaunchPad and Staking mechanism and is part of significant ecosystems, such as Binance Chain (BNB). However, data from CoinMarketCap shows that COCOS has a $12 million trading volume and a real market cap of $42 million. The latter increased by 5% in the past 24 hours, probably due to the bug in the listing platform. The cryptocurrency has been trending across other platforms, such as CoinGecko, recording a high search volume. Over the past month, the token moved against the general sentiment in the market and scored a 30% profit. In addition, the token is recording profits on high timeframes. It remains to be seen if it will maintain the upward trend in the current market conditions. The irruption of COCOS into the crypto top 10 by market, albeit an issue with CoinMarketCap, remind some users of the changes in this ranking. Over the last year, the crypto top 10 by market cap has seen multiple changes. Some users pointed to Internet Computer (ICP), a project led by the Dfinity Foundation that intruded into the ranking in 2021. Over the same period, Shiba Inu (SHIB), Solana (SOL), and Terra (LUNA) were in the ranking before their price collapse. Coco’s reminded me of ICP. We all saw it on top 10 one day and you know what happened next. It’s still falling. pic.twitter.com/MTm3zdM3T1 — ⚡Bitcoin Anonymous⚡ (@BitcoinAnonymo1) December 15, 2022 Related Reading: This Indicator Says MATIC Price Correction Is Not Done Over the past four years, the ranking has seen bigger changes, but Bitcoin, Ethereum, and XRP remain constantly occupying the top positions.

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.