Crypto Community Tracker

Once you have read the guide, you can begin by what is unisocks downloading and installing the Unisocks software. If you are new to Unisocks, we recommend reading our introductory guide first. Unisocks are a type of socks that have a single opening at the toe.

SOCKS Price

• At the end of January, Unisocks were trading at around $12,625.
• The company has partnered with companies such as Airbnb, Lyft, and Postmates.
• These digital socks are “memeful” crypto tokens issued by decentralized exchange Uniswap (UNI).
• Then, the supply of the token will dictate how the token will be valued later on.
• Unisocks (SOCKS) currently ranks 1351 among all known cryptocurrency assets.

Uniswap initially intended to burn the unsold SOCKS after at least 100 days; however, they never went through with these plans. Over the past 7 days, Unisocks has declined by 2.04%, underperforming the overall crypto market which posted a 1.11% gain. This indicates a temporary lag in SOCKS’s price action relative to the broader market momentum. Unisocks (socks-unisocks) secures its network through a unique model that leverages the Ethereum blockchain, utilizing the Proof of Work consensus mechanism for network security. Validators in this ecosystem are responsible for confirming transactions and maintaining the integrity of the blockchain, ensuring robust protection against fraud and unauthorized changes. This approach enhances the overall security of Unisocks by relying on the established security features of Ethereum.

It will be interesting to watch how projects experiment with bonding curves and how high SOCKS’ price can go. Among all the assets available on CoinStats, these have the most similar market capitalization to Unisocks. Unisocks (socks-unisocks) has faced challenges related to extreme volatility, which can significantly impact investor confidence and market stability. Additionally, the project has been scrutinized for potential security incidents, raising concerns about the risk of hacks or rug pulls. Despite its innovative approach, these factors contribute to an overall perception of uncertainty in the Unisocks ecosystem. Unisocks (socks-unisocks) is currently active and still traded, with a dedicated community presence.

If the token supply increases, the price increases consequently. Those interested in getting exposure to SOCKS, but don’t necessarily want to buy one full SOCK, can purchase via DEXes with SOCKS liquidity pools. Additionally, PieDAO’s recently released PLAY index contains SOCKS as one of its 14 assets. Uniswap initially minted 500 SOCKS and deposited them into a liquidity pool with 35 ETH. Since its inception, 185 SOCKS have been burnt and taken out of circulation. Today, out of the 315 SOCKS still in circulation, only 14 remain in the liquidity pool.

How to use Unisocks coin in API?

Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Unisocks price chart. To see more analysis and outlook, please check the Unisocks price prediction page. The first recorded exchange rate in our database for Unisocks (SOCKS) is $4,984. Compared to today’s exchange rate, the price of TON has increased by 188.28%. This means an investment of $100 at that initial rate would now be worth $288.28.

The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. The price of Unisocks (SOCKS) has reached a new all-time high of over $92,000.

• Despite its innovative approach, these factors contribute to an overall perception of uncertainty in the Unisocks ecosystem.
• The Unisocks (SOCKS) coin was founded by a group of developers who are passionate about the development of blockchain technology.
• Marketplaces like Zora, Foundation, and Saint Fame DAO, have used bonding curves to price scarce physical goods and objects.

market data

Development updates have been sporadic, but the project has not been deemed inactive or abandoned. Overall, it maintains a niche appeal within the crypto space, reflecting ongoing interest from its user base. A high market capitalization implies that the asset is highly valued by the market. Unisocks cryptocurrencie coin is a new cryptocurrency that was created in February of this year.

Cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Ripple are some of the most popular coins available today. CoinCodex tracks 43,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. Unisocks (SOCKS) currently ranks 1351 among all known cryptocurrency assets. To turn their tokens into socks, Unisock holders must redeem their tokens, taking them out of circulation.

We explore market trends and analyze sentiment to help you make informed decisions about your cryptocurrency investments. Whether you’re looking to trade or just want to learn more about cryptocurrencies, Unisocks is the perfect place to start your journey into the world of digital assets. Memes are the new money,” tweeted Meltem Demirors, chief strategy officer at Coinshares, on Tuesday. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency. Compared to other crypto coins which started the same year as Unisocks it has below-average trading volume, average volume for the other 437 coins started in 2019 is $2M while SOCKS has $1K.

Uniswap created an initial liquidity pool of 500 SOCKS and 35 ETH to facilitate trading; however, anyone can make a pool with SOCKS. Users have already made alternative Uniswap pools, including DAI/SOCKS and USDC/SOCKS. Because of the permissionless nature of DeFi, anyone can take it a step further and use SOCKS across other DeFi protocols. Unisocks also provides educational resources to help users learn more about cryptocurrencies and how to safely store them. The platform also offers customer support services in case any issues arise while trading or storing digital assets.