Last modified on 11. October 2020
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In December 2017, the gathering of real-time trading data for SpankChain began on coinmarketcap.com.
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, SpankChain had an average trading volume of over seventeen k per day for the first trimester of 2019. This figure came to nearly US$ 1.1 m during the same time frame in the previous year. In other words, the previous/prior volume growth has almost entirely receded.
For the first trimester of 2019, the average market capitalization equated to nearly US$ 3.5 m. In the same time frame of 2018, this figure came to over US$ 81 m. The corresponding drop down in market capitalization equated to 95.7 percent.
The average trading price during the first trimester of 2019 equated to US$ 0.012246. In the same period of 2018, this figure came to just above US$ 0.30. The price dropped accordingly by 95.9 percent.
The all-time high of SpankChain in 2018
The SpankChain currency reached a high in January 2018 at just under US$ 0.76. The equivalent market capitalization of the token reached over US$ 171 million. This put SpankChain around certain other digital currencies, such as ATMChain, SONM, SingularDTV, Horizen and Unikoin Gold, among others.
SpankChains all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 251 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 887 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 106 billion.
- SpankChain (SPANK): 0.171 bn US dollars
- Bitcoin (BTC): 251 bn US dollars
- Apple (AAPL): 887 bn US dollars
- VW (VWAGY): 106 bn US dollars
- Date: 10 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of SpankChain stood at US$ 0.010814 with a market capitalization of over US$ 3.1 million. Compared with the peak trading price stated above, this represents a drop down to approximately 1.4 percent.
Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.
The SpankChain-Token is not a native digital currency and is not generated through mining. It has no maximum number of tokens, unlike HedgeTrade, for example. Those interested in the source code should also take a look at the GitHub page.
This block explorer can be used to track the current block height and other recent statistics around all SpankChain transactions.
Additional details about SpankChain, including the white paper and other links to source code, community forums and social media channels can be found on spankchain.com.
A large market for buying or selling SpankChain in USD is Bitfinex.
Stop by the following social media channel to speak directly to the SpankChain team:
1. This figure changes to 0.0021 percent when taking Bitcoin out of the equation.