How much interest does the bank get annually? From 3.5 to 7-8 percent. But imagine if you put money in a cryptocurrency and within 24 hours its price increases by 5576%, what would you say? Yes, there are 7 such cryptocurrencies in the last 24 hours which have jumped up to 100%-5576%.
What does 5576 percent return mean?
Let’s calculate this return. The name of the cryptocurrency that has shown so much momentum in the last 24 hours is Gravitoken. Gravitoken price is $0.00024035 per coin. If you look in rupees, then about one coin will be available for 0.018 paise. However, suppose someone would have invested Rs 1 lakh in it, then the kind of return that has been received in this cryptocurrency in the last 24 hours, that investor’s money would have been converted into crores.
Which cryptocurrency gave how much return in 24 hours?
– Gravitoken Gravitoken (GRV) gave 5576% return
– MaticVerse MaticVerse (Mverse) 3976% Return
– Playkey Playkey (PKT) 263%
– Axia Protocol Axia Protocol (AXIA) 201%
– POP Network Token POP Network Token ( POP) 188%
– Ethverse Ethverse (ETHV) 128%
– Avakus Avakus (AVAK) 107%
Cryptomarkets down but some currencies jump
Although the global crypto market cap fell by 1.78 percent in the last 24 hours, investment volume increased by 3.7 percent to $109.48.
What about other cryptocurrencies?
Most of the major cryptocurrencies are trading in the red today. In this episode, a slight decline has also been seen in Bitcoin. The total global cryptocurrency market capital has fallen 0.66 percent to $2.16 trillion in the past 24 hours, according to data from CoinMarketCap. The initial top four cryptocurrencies – Bitcoin, Ethereum, Cardano and Binance Coin have declined today and all four are seeing a decline.
Disclaimer: In this news, we have used the rate of interest of the banks only for example. TVDigital does not give investment advice without any financial advice. Before investing in cryptocurrencies, please consult your financial advisor.