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M. Cap: $3.27 T -0.77%24h Vol: $764.61 B 11.12%BTC: $92,564.29 -0.97%ETH: $3,354.27 -0.47%S&P 500: $5,905.83 -1.09%Gold: $2,607.00 -0.66%BTC Dominance: 56.07%
  • #2847

Silk SILK

SILK Price

$1.22-0.81%
Price Range--
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Market Cap 

$2.70 MRank #2847

FDV 

$5.46 MRank #4288

Investors

X Followers

X Performance

597NormalRank by X #2628
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Data from TweetScout 
OverviewExchangesFundraisingVesting
Activities

Detailed Performance

SentimentNeutral

SILK shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods

Trading Pair1h24h7d1m3m1y
SILK/USD
0.07%-0.80%-0.85%-3.11%3.45%11.34%
SILK/BTC
-0.10%0.15%0.76%1.68%-27.01%-48.95%
SILK/ETH
0.06%-0.34%0.46%4.02%-18.27%-23.63%
SILK/DeFi
0.09%1.14%7.81%-8.01%-30.98%-10.02%

SILK to USD Converter

SILK

Price History

All-Time High
$2.03
1.66x to ATH
All-Time Low
$0.00000112
1089286x to ATL
Trade Launch Date
29 Jun, 2023
550 days ago

About SILK

Silk is a private stablecoin developed by Shade Protocol. It is pegged to a basket of global currencies and commodities, making it a stable and secure digital currency. Silk acts as an interoperability hub between different currencies and commodities, providing a hedge against inflation and volatility. It is designed to be a viable currency for the future of blockchain technology and aims to shape the global economy. The development of Silk is based on real-world impact and the goal of creating a decentralized currency that is easily accessible and protected from the fluctuations of the global economy.

What makes Silk unique?

Silk stands out from other cryptocurrencies in several ways. Firstly, it is a trust-minimized stablecoin that is not pegged to a single sovereign currency. Instead, it tracks a basket of global currencies and commodities, providing holders with a natural perpetual hedge against global volatility and inflation.
Secondly, Silk prioritizes privacy. Unlike many cryptocurrencies that rely on transparent transactions, Silk is privacy-preserving and upholds the human right to privacy. This approach sets it apart and addresses a barrier to adoption in the crypto space.
Additionally, Silk is built on the Secret Network, which offers compatibility and transportation to and from other blockchains. This focus on interoperability expands Silk's usability and potential for widespread adoption.
Moreover, Silk aims to provide accessible, fast, and cheap transactions. With transaction costs below $0.01 and transactions taking approximately 6 seconds, Silk strives to offer a user-friendly experience for all.
Lastly, Silk is designed to be a hedge against inflation and macro volatility in the global economy. It is adaptable to unpredictable scenarios, ensuring its resilience and usefulness in an uncertain economic landscape.
In summary, Silk's unique features include its trust-minimized stablecoin model, privacy-preserving nature, compatibility with other blockchains, accessible transaction costs and speed, and its role as a hedge against inflation and macro volatility.

Live Silk Price Data

The current price of Silk (SILK) is approximately $1.22, reflecting a decrease of -0.81% in the last 24 hours. The SILK trading volume in the last 24 hours stands at $2.41. Silk's market cap is currently $2.70 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of SILK is 2.21 million.

For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Silk's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SILK, check out our crypto insights page.

Official Links

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