42-coin Reaches Self Reported Market Capitalization of $2.12 Million (42)

42-coin (42) traded up 7% against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on May 23rd. One 42-coin coin can now be bought for approximately $50,549.87 or 0.72458029 BTC on popular exchanges. During the last week, 42-coin has traded 10.5% higher against the U.S. dollar. 42-coin has a total market capitalization of $2.12 million and $22.64 worth of 42-coin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Dogecoin (DOGE) traded up 2.4% against the dollar and now trades at $0.17 or 0.00000240 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $87.07 or 0.00124811 BTC.
• Uniswap (UNI) traded 7.3% higher against the dollar and now trades at $9.79 or 0.00014026 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.99 or 0.00008586 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded 0.7% lower against the dollar and now trades at $0.0176 or 0.00000025 BTC.
• Polymath (POLY) traded 1% higher against the dollar and now trades at $0.0731 or 0.00000105 BTC.
• dForce USD (USX) traded down 0.8% against the dollar and now trades at $0.98 or 0.00001404 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.

42-coin Coin Profile

42 is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its genesis date was January 5th, 2014. 42-coin’s total supply is 42 coins and its circulating supply is 41 coins. The official website for 42-coin 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 acquire 42-coin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy 42-coin using one of the aforementioned exchanges.

42/USD price chart by TradingView