SpaceChain ERC-20 (SPC): Market Cap, Trading Volume, and Price Analysis
Overview
SpaceChain SPC is a cryptocurrency that operates on the Ethereum blockchain. It is currently valued at a market cap of $333,751,900, with a circulating supply of 307,182,729,622,319.34 SPC. The current price of SPC is $0.0009072, which is a 0.1% increase from an hour ago and a 2.1% decline since yesterday.
Historical Performance
SpaceChain ERC-20 has experienced a significant increase in value since its launch. In January 2021, SPC was worth $0.0000215. By March 2022, it had reached an all-time high of $0.047. However, the price has since declined, and SPC is currently trading at approximately $0.0009072.
Factors Influencing Price
Several factors can influence the price of SpaceChain ERC-20, including:
- Supply and Demand: The price of SPC is determined by the balance between supply and demand. If demand for SPC increases, the price will likely rise. Conversely, if supply increases or demand decreases, the price may fall.
- Cryptocurrency Market Trends: The cryptocurrency market is highly volatile, and the price of SPC can be affected by overall market trends. If the cryptocurrency market is bullish, SPC may experience gains. Conversely, if the market is bearish, SPC may experience losses.
- News and Events: News and events related to SpaceChain ERC-20 can also impact its price. For example, if a major partnership is announced or a new feature is launched, SPC may experience a price increase.
- Technical Analysis: Some traders use technical analysis to predict future price movements of SPC. Technical analysis involves studying historical price data to identify trends and patterns.
Investment Considerations
Investing in SpaceChain ERC-20 is a risky endeavor, and investors should carefully consider the potential risks before investing. Some of the risks associated with investing in SPC include:
- Price Volatility: The price of SpaceChain ERC-20 is highly volatile and can fluctuate significantly in a short period of time.
- Market Manipulation: The cryptocurrency market is susceptible to market manipulation, which can lead to sudden price changes.
- Regulatory Risk: The regulatory landscape for cryptocurrencies is constantly evolving, and changes in regulations could negatively impact the value of SPC.
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