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- 1 The Drip Network crypto price is in the bearish mode as it did by almost 2.54% in the intraday session.
- 2 DRIP crypto’s price has been down by nearly 23.01% in the last 7 days, showcasing bearishness.
Drip Network heralds itself as a pioneering platform in the realm of deflationary daily ROI, offering consistent investment returns. The network’s native token, DRIP, is a BEP-20 asset on the Binance Smart Chain, assuring a 1% daily yield on investments, capped at 365% of the initial amount. This system is sustained by a 10% fee levied on all transactions.
To illustrate, an initial $1,000 investment in Drip Network, after the 10% fee, would net a daily 1% return on the adjusted $900 balance. While the original investment isn’t refunded, investors can accrue rewards up to 365% of their adjusted principal, which in this scenario amounts to $3,285 ($900 * 365%). Investors also have the option to reinvest their earnings, potentially enhancing their maximum returns, subject to the 365% cap of the aggregate investment, with an absolute ceiling of 100,000 DRIP.
Drip Network’s strategic roadmap includes the development of a cross-chain bridge to broaden its reach beyond the Binance Smart Chain and introducing NFT incentives for achieving certain milestones. The Binance Smart Chain, where DRIP resides, employs a proof-of-stake consensus model, with 21 validators chosen daily to uphold network integrity, each required to stake Binance Coin (BNB) with Binance for eligibility.
While Drip Network’s smart contract audits are not publicly listed, the total supply of DRIP is set at 1 million tokens. The team does not detail the distribution of initial liquidity, but per Bscscan records, the Faucet contract holds the majority stake with 620,000 DRIP tokens.
Drip Network’s Price Overview and Analysis
Drip Network crypto is trading at $0.008335 with an intraday bearishness of 2.54%. The crypto is in the bearish mode as it is in the downtrend. The crypto’s market cap is $834.17 Million, currently ranking at #6171, and has a volume of $1,176.38. The volume-to-market cap ratio of 139.29%.
The Self-reported circulating supply of 100,000 DRIP with a total supply of 1 Million DRIP and a Fully diluted market cap of $833,548.29 Million.
DRIP’s 24-hour price range is $0.008249– $0.008597, and the 7-day range is $0.008259 – $0.01077. The all-time high of Drip Network (DRIP) is $173.86, recorded on JAN 28, 2022, approximately 2 years ago. Compared to the current price, it is 100% lower than the all-time high price.
The all-time low price paid for Drip Network (DRIP) is $0.008249, registered on APR 16, 2024, approximately 9 hours ago.
Summary
Drip Network is a deflationary daily ROI platform that offers consistent investment returns. Its native token, DRIP, is a BEP-20 asset on the Binance Smart Chain, assuring a 1% daily yield on investments, capped at 365% of the initial amount. The platform levies a 10% fee on all transactions, and investors can accrue rewards up to 365% of their adjusted principal. Drip Network’s strategic roadmap includes the development of a cross-chain bridge to broaden its reach beyond the Binance Smart Chain, along with introducing NFT incentives for achieving certain milestones. Its price is currently at $0.008335, with an intraday bearishness of 2.54%. The circulating supply of DRIP is 100,000, with a total supply of 1 million DRIP tokens. The all-time high price of DRIP was $173.86, recorded on JAN 28, 2022, while the all-time low price was $number_2, registered on APR 16, 2024.
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
