Squid Game Token: All you need to know about new crypto as it surges 2400 per cent in 24 hours

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Squid Game Token: All you need to know about new crypto as it surges 2400 per cent in 24 hours

New Delhi: Ever since its release, Netflix’s Squid Game has emerged as the most popular show across the globe. Be it for the script or several parodies, plagiarised adaptations, strange cosplays, or real-life recreations, the K-drama has gathered the craze of all the audiences. However, what attracted attention more was its entry into the cryptocurrency […]

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October 31, 2021 16:22 IST
Squid Game Token: All you need to know about new crypto as it surges 2400 per cent in 24 hours
Squid Game Token: All you need to know about new crypto as it surges 2400 per cent in 24 hours

New Delhi: Ever since its release, Netflix’s Squid Game has emerged as the most popular show across the globe. Be it for the script or several parodies, plagiarised adaptations, strange cosplays, or real-life recreations, the K-drama has gathered the craze of all the audiences. However, what attracted attention more was its entry into the cryptocurrency world.

A cryptocurrency token named Squid Game Token (SGT) was launched on October 20. Within seconds, the digital token was sold out. Moreover, in just a week of its arrival, the value of the token reached record-breaking heights.

How to buy Squid Game tokens

Unlike the process of buying Bitcoin and Ethereum, buying Squid Game tokens are a little complicated. Besides, the token is listed on the Binance Smart Chain. Firstly, to buy the token, the trader should invest in one of the existing digital coins like Bitcoin, from any crypto exchange platform. Secondly, using Pancakeswap, which is a decentralised exchange, the trader can exchange these cryptos and buy Squids. Lastly, to enter the game, exist a current price whose demand is sky-high.

Besides, in several rounds, the traders need to buy custom-made NFTs, which can range at least $33,450.

What is a Squid Game token?

Also known as “play-to-earn” cryptocurrency, the token has hit the existing crypto world with a sky-rocketing surge. Based on the popularity of the K-drama Squid Game, the digital token has risen from 62,833% since Tuesday to $7.54 till Friday morning. According to CoinMarketCap, the token has surged over 147.26% over the last day.

Reportedly, the digital coin is the pathway ticket to the online version of Squid Game. The game will come into action from November will have six levels like the show.

The players accordingly can cross different levels and collect more SGTs.

Besides, the currency code of this crypto is SQUID, which carries a logo resembling the one shown in the K-drama.

Currently, SQUID is priced at $13.62.

Should you invest in SQUID?

With the sky-rocketing prices, several investors have questioned the authenticity of digital token. Besides, several traders have lodged complaints that they were been unable to sell off the Squid Game Token on Pancakeswap.

Besides, the “white paper” of SQUID has stated that the creators of the digital coin have issued “anti-dumping technology” to ensure traders cannot sell off the coin until certain criteria are met.

Since the online game is not available till now, several people have claimed it to be a fake one.

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