Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. It is available for buying, selling, and exchanging on crypto exchanges like Gate.io, MEXC, Kraken, and DigiFinex.Īlso Read: What is AgeOfGods (AOG) crypto and why its volume soared 1200%? The Songbird crypto has a total supply of 16.01 billion, and its self-reported circulating supply is 9.99 billion. Songbird has no significant development announcement, and potential investors must be careful before investing. The sudden surge in the price and volume of the SGB crypto shouldn't be the only factor for purchasing the cryptocurrency, as we don't know why it is gaining traction. Songbird crypto ranks 2,983 out of 19,583 cryptocurrencies worldwide, as per CoinMarketCap. Notably, Songbird is Flare's canary network. In 2021, Flare introduced a canary network, a working blockchain with a limited token supply to test features for a related main net. Any existing EVM dApp may be quickly and easily ported to Flare. Flare was built for multiple chains through a single deployment and claims that developers can create truly interoperable decentralized applications (dApp) for accessing the value and information of different chains.įlare comes with an industry standard Ethereum Virtual Machine (EVM), allowing straightforward ETH tool migration and simple Solidity scripting. The native tokens of the Flare network are Songbird and Spark (FLR). This is cross-chain interoperability with multi-chain security. Also, the 24-hour volume increased by 147 per cent to approximately US$ 1.8 million.įlare is a novel Layer-1 blockchain that allows for universal interoperability between chains, allowing all digital assets and onchain data to flow freely. The Songbird (SGB) crypto jumped 12.6 per cent over the previous day to US$ 0.03741 per token at 2 AM EST. Amid the crashing market, the rise in price and volume of Songbird crypto has caught the attention of crypto market enthusiasts.Īlso Read: What is LockPay and is it a pump and dump scheme? Meanwhile, the total crypto volume declined by about five per cent to US$ 68.98 billion.Īs of writing, the prices of Bitcoin and Ethereum were down by 1% and 3.1%. After rising for a brief period on May 25, the cryptocurrency market declined again and sent the prices of almost all the virtual currencies in a negative zone.Īccording to CoinMarketCap data, the crypto market cap was down by 1.7 per cent to US$ 1.27 trillion.
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