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- Swipe (SXP-USD) values surged by 600% since January 2021
- Swipe also offers high-end premium debit cards with numerous perks
- Developed as an ERC-20 token on the Ethereum blockchain
Swipe (SXP-USD) Cryptocurrency surges at a bullish rate and has surged by 12.29% in the last six hours. At 04:23 EST on Sunday, 30 May, Swipe (SXP-USD) is trading at $2.01.
Cryptocurrencies have become a hot topic. They have risen in values and created a whole new breed of crypto billionaires. Along with Bitcoin(BTC) and Ethereum, several lesser-known entities have gained traction. One such cryptocurrency is Swipe (SXP). The decentralized finance (DeFi) coin has soared in popularity this year.
Swipe (SXP) value was $0.70 in January 2021 and reached almost $5.00 as of 5 May 2021, a roughly 600% increase in four months. Today it is trading at $2.01, which is 65.06% below its all-time high of $5.79 on Monday, 3 May.
However, compared to its lowest levels on 18 March when it tanked to $0.161303, it is still 1154.25% above. The crypto coin has a market cap of 174941599, and the total volume is 180033774. Its total supply is 285,368,788.74, maximum supply 285,368,788.74, and a circulating supply of 86,412,603.74. The crypto coin is today ranked at 135th with a market capitalization of $4.6bn.
Developed as an ERC-20 token on the Ethereum blockchain
Swipe (SXP) was developed as an ERC-20 token on the Ethereum blockchain. It is mainly helpful to pay fees associated with different products of the Swipe platform. A smart contract will consume 80% of the SXP used to pay for those fees, and hence SXP is a deflationary cryptocurrency.
SXP can help users obtain the Swipe debit card levels and can also be used to make Swipe debit card payments. The Visa debit card is available in Europe and parts of Asia and North America. The debit card is available in several versions.
The high-end premium cards also feature extras such as Netflix or Spotify, concessions at Starbucks, Uber, Apple Music, and Airbnb subscriptions. The premium cards also have perks like no international transaction fees.
Volatility
Swipe’s volatility was as follows:
- Last week – 7.77%
- Last month -1.13%,
- Last quarter + 6.63%,
According to the stochastic oscillator, Swipe crypto is labelled as overbought (>=80).
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
