Serum Trading Down 11.5% This Week (SRM)

Serum (SRM) traded 4.8% lower against the U.S. dollar during the one day period ending at 11:00 AM Eastern on July 12th. Serum has a market cap of $3.75 million and $1.04 million worth of Serum was traded on exchanges in the last 24 hours. In the last seven days, Serum has traded 11.5% lower against the U.S. dollar. One Serum coin can now be purchased for $0.0300 or 0.00000052 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 2.2% against the dollar and now trades at $0.18 or 0.00000316 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.2% higher against the dollar and now trades at $0.0128 or 0.00000022 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Serum Coin Profile

Serum launched on July 23rd, 2020. Serum’s total supply is 1,092,844,982 coins and its circulating supply is 125,000,000 coins. The official website for Serum is portal.projectserum.com. The official message board for Serum is projectserum.medium.com. Serum’s official Twitter account is @projectserum and its Facebook page is accessible here.

According to CryptoCompare, “Serum (SRM) is a cryptocurrency on Solana and Ethereum blockchains, known for its interoperability in DeFi. It can be converted into MegaSerum (MSRM) with 1 million SRM tokens. SRM is deflationary, with trading fees used to buy and burn tokens. It’s part of Project Serum, a DeFi ecosystem on Solana, featuring the Serum DEX for cross-chain swaps. SRM contributes to governance, staking for validator nodes, and reducing trading fees. SRM is used for staking, operating validator nodes on Serum DEX, and receiving reduced trading fees. It also plays a role in the DEX’s governance.”

Serum Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Serum directly using US dollars. Investors seeking to acquire Serum should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Serum using one of the aforementioned exchanges.

SRM/USD price chart by TradingView