Serum (SRM) Reaches Self Reported Market Cap of $9.03 Million

Serum (SRM) traded down 5.8% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on March 17th. During the last week, Serum has traded 1.6% lower against the U.S. dollar. Serum has a total market cap of $9.03 million and $2.98 million worth of Serum was traded on exchanges in the last day. One Serum coin can currently be bought for approximately $0.0723 or 0.00000108 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded 9% lower against the dollar and now trades at $0.43 or 0.00000640 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded 29.9% higher against the dollar and now trades at $0.0104 or 0.00000015 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded down 2.2% against the dollar and now trades at $0.0096 or 0.00000014 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Serum Profile

Serum launched on July 23rd, 2020. Serum’s total supply is 1,092,844,982 coins and its circulating supply is 125,000,000 coins. The official message board for Serum is projectserum.medium.com. Serum’s official Twitter account is @projectserum and its Facebook page is accessible here. The official website for Serum is portal.projectserum.com.

According to CryptoCompare, “Serum (SRM) is a cryptocurrency on Solana and Ethereum blockchains, known for its interoperability in DeFi. It can be converted into MegaSerum (MSRM) with 1 million SRM tokens. SRM is deflationary, with trading fees used to buy and burn tokens. It’s part of Project Serum, a DeFi ecosystem on Solana, featuring the Serum DEX for cross-chain swaps. SRM contributes to governance, staking for validator nodes, and reducing trading fees. SRM is used for staking, operating validator nodes on Serum DEX, and receiving reduced trading fees. It also plays a role in the DEX’s governance.”

Buying and Selling Serum

It is usually not possible to purchase alternative cryptocurrencies such as Serum directly using US dollars. Investors seeking to trade Serum should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Serum using one of the aforementioned exchanges.

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