42-coin (42) Tops 24 Hour Trading Volume of $17.99
by Kim Johansen · The Markets Daily42-coin (42) traded 2.8% higher against the dollar during the twenty-four hour period ending at 21:00 PM ET on October 28th. One 42-coin coin can now be purchased for approximately $26,516.26 or 0.37996863 BTC on exchanges. Over the last week, 42-coin has traded 4.4% higher against the dollar. 42-coin has a total market capitalization of $1.11 million and $17.99 worth of 42-coin was traded on exchanges in the last day.
Here’s how similar cryptocurrencies have performed over the last day:
- Dogecoin (DOGE) traded up 14.9% against the dollar and now trades at $0.16 or 0.00000236 BTC.
- UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.04 or 0.00008661 BTC.
- Litecoin (LTC) traded down 0.4% against the dollar and now trades at $71.00 or 0.00101747 BTC.
- Uniswap (UNI) traded 3.8% higher against the dollar and now trades at $7.80 or 0.00011183 BTC.
- NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
- MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
- Polymath (POLY) traded 25.4% lower against the dollar and now trades at $0.0613 or 0.00000088 BTC.
- dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001427 BTC.
- WhiteCoin (XWC) traded down 2.7% against the dollar and now trades at $0.0122 or 0.00000017 BTC.
- Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
42-coin Profile
42-coin (CRYPTO:42) is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its launch date was January 5th, 2014. 42-coin’s total supply is 42 coins and its circulating supply is 41 coins. 42-coin’s official website is 42-coin.org. 42-coin’s official Twitter account is @42newchain and its Facebook page is accessible here.
According to CryptoCompare, “Everything about 42 coin is 42 – apart from the transaction fees and difficulty retargetting – 0.00000001 and 7.5mins. A scrypt coin with 42 coins max, a 42 second block time, with superblocks giving 10 times the standard block reward of 0.0000420 42’s.
42 coin is a cryptocurrency with completed emission, fair distribution (no ICO, premine or instamine) and both private and public transaction support. The maximum supply of 42 coins makes the remaining 41.99 extremely rare. The innovative deflationary model provides a constant rise in incentives both for miners and long term investors. 42-coin delivers a hybrid of Proof-of-Work and Proof-of-Stake transaction confirmation methods and represents a new way of securing the network against 51% attacks.”
Buying and Selling 42-coin
It is usually not possible to buy alternative cryptocurrencies such as 42-coin directly using U.S. dollars. Investors seeking to trade 42-coin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy 42-coin using one of the exchanges listed above.
42/USD price chart by TradingView