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June 26, 2022
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Guide & Analysis

Unknown Cryptocurrency: Nano Dogecoin Up 1,900% After Listing on CoinMarketCap

After facing an unexpected rise of 1900% in the last 24 hours, a totally unknown cryptocurrency stole the show in the market after hitting the price of US$ 0.0000000318 this Tuesday (21).

According to data from CoinMarketCap, Nano Dogecoin (INDC) is a Unknown cryptocurrency that had a huge appreciation in the market, through the INDC/USDT pair.

In total, altcoin has risen over 1900% recently, considering the price hit by INDC today. With this appreciation, the Nano Dogecoin had the second highest appreciation among all the cryptocurrencies that exist on the market.

Nano Dogecoin rises 1900%

While facing an appreciation of more than 1900%, the price of Nano Dogecoin reached US$ 0.0000000318 this Tuesday morning (21). Launched to market in early September 2021, INDC was listed today on CoinMarketCap.

Considered an unknown cryptocurrency and with great price volatility, Nano Dogecoin jumped from US$ 0.000000000747 to be quoted in values ​​above US$ 0.0000000318, through the INDC/USDT pair.

Listed only on BitMart, Nano Dogecoin reached a trading volume of US$ 65,000 in the last 24 hours, or around R$ 45 thousand. Currently, INDC ranks 3,918th among the four thousand largest cryptocurrencies in the market by capitalization.

Nano Dogecoin price rises 1,900% in the market (Source/CoinMarketCap)

Greater market valuation

While accumulating a 1,900% appreciation, Nano Dogecoin managed to be listed as the second best performer in the entire cryptocurrency market on Tuesday (21).

According to data from CoinMarketCap, above Nano Dogecoin is only BabySpaceFloki (BSF). Also considered an unknown cryptocurrency, the price of BSF has risen almost 5,000% in the market in the last 24 hours.

Meanwhile, Polar (POLARV3) represents the third best performance in the market on the day, with a 220% appreciation in the last 24 hours, through the pair POLARV3/USD.

Absurdly priced cryptocurrency

Newly launched cryptocurrencies such as Nano Dogecoin may present a huge price volatility, much larger than other better known assets, such as Bitcoin (BTC) and Ethereum (ETH), for example.

Although the cryptocurrency reached 1900% recently when it reached the value of US$0.0000000318, a much larger price variation caused INDC to be quickly priced at US$20.93 in the last 24 hours.

INDC quotation reaches US$ 20.93 (Source/CoinMarketCap)

As shown in the chart above about the price of the Nano Dogecoin on CoinMarketCap, this unknown cryptocurrency experiences high price volatility.

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