The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact.
The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker. According to the project’s official website, it represents a “blockchain token-based crowdfunding/sourcing platform.” In essence, it’s a place where startups can raise funds by issuing tokens. Its native token, which was trading at around $0.002 at the beginning of May, reached a price of $0.30 today, according to DEXTools. The 24-hour volume, at the time of this writing, sits at $3.7 million. From today’s low to today’s high, the price increased by a total of 6,000% before retracing to its current levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.