SQUID, also known as Squid Game token, is a cryptocurrency that gained significant attention due to its association with the popular Netflix series. As of the latest data, its price is approximately $0.003491, reflecting a decrease of 4.15%. With a circulating supply of 720,121,920 tokens, its market dynamics continue to interest investors and traders globally.
This article provides a comprehensive overview of SQUID's current market status, historical price trends, and essential metrics. We’ll explore its performance highlights, trading patterns, and key factors influencing its value.
Understanding SQUID Token
SQUID is a digital asset inspired by the "Squid Game" phenomenon. It operates on a decentralized network, allowing users to trade and participate in related ecosystems. However, it’s crucial to note that this token has faced volatility and market scrutiny, making it a high-risk investment.
Key metrics include:
- Circulating Supply: 720,121,920 SQUID
- 24H Trading Volume: Not available (NaN)
- All-Time High: Achieved in November 2021
- All-Time Low: Recorded in July 2022
Current Market Performance
SQUID's recent performance shows a decline of 4.15%, with its price hovering around $0.003491. The 24-hour trading volume is currently not available, indicating low liquidity or reporting delays. The token's market cap remains unlisted due to its high-risk categorization.
Other notable metrics:
- 24H High/Low: Data unavailable
- 24H Volume: 202 million tokens
- Volatility: +7.33% (24H波幅)
- BTC Correlation: 0.58, suggesting moderate linkage to Bitcoin’s movements
Historical Price Trends
SQUID’s price history is marked by extreme fluctuations. It reached its peak in November 2021 but has since experienced a significant downturn, with an investment return of -73.27%. Historical data highlights the importance of cautious analysis before engaging with this asset.
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Monthly and Annual Performance
- 2019-2020: Limited data available, as the token launched later.
- 2021: Saw a massive surge and subsequent crash post-all-time-high.
- 2022-2023: Continued volatility with periods of lows and minor recoveries.
Trading Pairs and Liquidity
SQUID is traded on various exchanges, but specific platform details and volume distributions are currently not updated. Traders should verify real-time data on reputable exchanges for accurate insights.
Risk Factors and Considerations
Investing in SQUID involves substantial risk due to its historical volatility and external market influences. Factors such as regulatory changes, market sentiment, and project developments can drastically impact its price. Always conduct thorough research and consider professional advice.
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Frequently Asked Questions
What is SQUID token?
SQUID is a cryptocurrency inspired by the "Squid Game" series. It functions as a utility token within certain platforms but is known for its high volatility and speculative nature.
How can I track SQUID’s real-time price?
You can monitor SQUID’s price through various cryptocurrency tracking websites and exchanges. Ensure you use reliable sources for the most accurate and up-to-date information.
What caused SQUID’s price crash in 2021?
The crash was primarily due to market manipulation, liquidity issues, and loss of investor confidence following its rapid incline. External factors like regulatory warnings also played a role.
Is SQUID a good investment in 2024?
Given its historical performance and high risk, SQUID is considered speculative. Investors should only allocate funds they are willing to lose and stay updated on project developments.
Where can I trade SQUID?
SQUID is available on several cryptocurrency exchanges. Check platforms with adequate liquidity and security measures, and always verify pairing availability.
What is the future potential of SQUID?
The future depends on project updates, adoption, and overall market conditions. While it has community interest, its high-risk profile necessitates cautious optimism.
Conclusion
SQUID remains a notable example of trend-based cryptocurrencies with dramatic market movements. Its current price and historical data underscore the importance of diligence in crypto investments. For those interested, staying informed through trusted resources and tools is essential for navigating its volatility.
Note: All data is based on publicly available information and is subject to change. This content is for informational purposes only and does not constitute financial advice.