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WATCH RELATED VIDEO: Обзор Coinmarketcap за 5 минут / Как создать криптопортфель?

Phoenix Global token soars by 5,600% in just four minutes — But there’s a catch


Nevertheless, at the heart of the massive PHB pump was a symbolic migration and a technical problem. Meanwhile, the resolution caused the new PHB tokens to trade times more expensive than the dollar price before the exchange.

This sparked chaotic calculations at CoinMarketCap as it started comparing the value of old coins with new ones while treating their supply cap the same as 3. The cost of purchasing a PHB token has not increased as claimed. Earlier this year, a technical glitch at CoinMarketCap also pushed Wrapped Bitcoin, a cryptocurrency that acts as the mirror of Bitcoin within the Ethereum ecosystem, to the forefront of cryptocurrencies.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move comes with risk, you should do your own research before making a decision. Home Altcoin News. November 5, Share on Facebook Share on Twitter. Fake PHB pump? Phoenix Global PHB market capitalization performance over the past 24 hours. Source: TradingView Earlier this year, a technical glitch at CoinMarketCap also pushed Wrapped Bitcoin, a cryptocurrency that acts as the mirror of Bitcoin within the Ethereum ecosystem, to the forefront of cryptocurrencies.

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Did a cryptocurrency just rally 4,00,00,000% to become 4th biggest digital asset?

However, there is a reason behind the explosive rally, other than Phoenix bulls pumping the price. Sources report that the sudden rally was a glitch, as Phoenix Global underwent a token redenomination. The move involved a circulating supply reduction by a factor of one hundred. Crypto exchange Binance, on the other hand, displayed the PHB chart without the glitch. The sudden drop confused on Twitter, for which the data website apologized. Hi, sorry about that! There was a temporary pricing glitch last night ET.

It took just four minutes for a relatively unknown cryptocurrency to rise by over % as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix.

Phoenix Global token rises by 5,600% within four minutes — But there’s an catch

After the switch, the new PHB tokens traded times higher than the old ones. Thus, CoinMarketCap began comparing the value of old coins to new coins while considering their supply limit as 3. The price of a PHB token did not rise as expected. Since its Binance launch on Nov. Earlier this year, a CoinMarketCap technical error put Wrapped Bitcoin, a Bit c oin replica inside the Ethereum ecosystem, to the top crypto slot. Share on. Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago. NewsCrypto is an online media publication that helps to educate readers about news, exchanges, and markets in the crypto and blockchain industry.


Phoenix Global token soars by 5,600% in just four minutes — But there’s a catch By Cointelegraph

phx coinmarketcap

Find centralized, trusted content and collaborate around the technologies you use most. Connect and share knowledge within a single location that is structured and easy to search. Below is an API that I have for coinmarketcap. I am trying to pull the current price and place that into a table. For some reason this code is not working and I can not figure out the error.

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Phoenix Global (PHB) Price Skyrockets! But There’s a Catch!

The said migration commenced on Nov. Meanwhile, the resolution led to the new PHB tokens trading times higher than the pre-swap dollar price. That triggered chaotic calculations at CoinMarketCap, for it started comparing the value of old coins with that of the new ones while treating their supply cap the same as 3. The cost to purchase one PHB token did not grow as boasted. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.


What is Phoenix Global and is it a Good Investment?

Please change the wallet network. Change the wallet network in the MetaMask Application to add this contract. United States Dollar. PhoenixDAO is down 2. It has a circulating supply of 66,, PHNX coins and a max. You can find others listed on our crypto exchanges page. Rank

The price of Phoenix Global (CRYPTO: PHB) surged 3,% in under one hour Thursday, according to data from CoinMarketCap.

$ PHB Phoenix Global up 6,000% | The whole truth about the boom of the moment

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Phoenix Global (PHB) made a fantastic foray into the top 100 cryptos — Or did it?

RELATED VIDEO: Что такое Coinmarketcap. Обзор сервиса

The cryptocurrency market is known for its unpredictable nature, and this is evident from the returns given by some of the tokens, which range from a few hundreds to even thousands. According to the data available with cryptocurrency tracker CoinMarketCap. The error I think came from using the unit price of one and the number of units of another asset and multiplying it to get the market cap. The two assets have got merged, and I am sure, CoinMarketCap will rectify it soon," said Ajeet Khurana, founder, Genezis Network, a think tank for crypto startup investments. Privacy coins are a class of cryptocurrencies that power private and anonymous blockchain transactions by obscuring their origin and destination.

In delivering Phoenix Protocol currency presence of the tape concept, you can locate out the boo site here. Connectivity : The place is connected by road however, to go up to the caves you need to either walk or take a pony ride or a Palanquin ride.

Phoenix Global token soars by 5,600% in just four minutes — But there's a catch

Ether, which is powered by the Ethereum blockchain and is the second largest crypto by market value, was trading at a few hundred dollars. Turley bought both. CNBC could not independently confirm documents detailing the transactions and current value of Turley's crypto holdings. But I do feel really thankful," says Turley, Though Turley declined to disclose exactly how much he initially invested, "it was not a lot at all," he says.

Who has checked in the last few hours Coinmarketcap he will surely have met, among the first cryptocurrencies for marketcap a new entry. All this, however, is the result of a big misunderstanding , which concerns a rebranding of the token , a migration from PHX to PHB with the new token that will represent it of the old. The prices shown in these hours from Coinmarketcap , despite being a site related to Binance — are therefore to be reconsidered in the light of this passage.


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  1. Voodook

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