coinquora.com
- The price of COVER shot up this morning.
- Cover Protocol’s native token rose by more than double its price value.
- At the moment, it has dwindled down to half that increase.
In an incredible feat of crypto price surges, Cover Protocol’s COVER has just gone up by 50.5%. This is an astounding surge in the price of this digital asset. In fact, the price at the time of writing is $256.61.
In detail, the price of COVER has been staggering at around $160 – $180 for a couple of days. However, much to the crypto community’s delight, the price of COVER shot up by a lot.
According to the charts, the price of the crypto went from $161.44 this morning to $336.53 in just around 90 minutes alone. Remarkably, this is more than double the price that it was just a few hours ago.
After this, the price has begun to dip once again. It is important to note that the current price of $256.61 is still much higher than the stagnant price it was at.
At the moment, COVER is trading at a volume of $84,593,717. Its market cap is presently at $25,433,903. In addition, the asset has a circulating supply of 79,000 COVER coins from a total supply of 82,000.
It is truly a marvel to behold the rise in COVER’s price. This is because Cover Protocol made the announcement saying that it is shutting down. Specifically, the platform says they have decided to shut down due to core developers suddenly leaving the project.
Cover Protocol is shutting down.
Please see medium article below.https://t.co/iujwDa6oN7— Cover Protocol (@CoverProtocol) September 5, 2021
Cover Protocol was known for being a decentralized risk coverage marketplace for smart contracts on Ethereum. It allows peer-to-peer coverage and is an ERC-20 token.
Now, the team promises that the UI will function up until October. After that, the website will be shut down for good. However, the firm will still try to release the codebase on GitHub, although, this is not a guarantee.