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What is the highest price in history of SUPRA coin?
At its peak on February 27, 2021, SUPRA coin reached an all-time high of $1.75, driven by surging demand for oracle services and positive platform developments.
Dec 02, 2024 at 11:41 pm
What is the highest price in history of SUPRA coin?
Understanding the SUPRA Coin
SUPRA coin is a cryptocurrency native to the SupraOracles decentralized oracle network. It serves as the governance and utility token within the ecosystem, empowering holders with voting rights on platform developments and incentivizing participation in network operations. The coin's value is intricately tied to the growth and adoption of the SupraOracles network.
SUPRA Coin's Price History
The SUPRA coin has experienced significant price fluctuations since its inception. Its value has been influenced by various market factors, including platform developments, industry trends, and overall cryptocurrency market sentiment.
Highest Price in History
The all-time high (ATH) price of SUPRA coin occurred on February 27, 2021, when it reached a value of $1.75. This peak was driven by heightened market sentiment towards DeFi and oracle services, coupled with positive news surrounding SupraOracles' partnerships and technology advancements.
Factors Contributing to the Price Surge
Several factors contributed to the unprecedented price rise of SUPRA coin:
- Growing Demand for Oracle Services: The DeFi space witnessed a surge in demand for reliable and secure oracle services, driving interest in SupraOracles' offerings.
- Strong Partnerships: SupraOracles forged strategic partnerships with industry leaders like Chainlink and Band Protocol, enhancing its credibility and visibility.
- Platform Enhancements: The SupraOracles team consistently introduced innovative features and upgrades, improving the efficiency and security of its oracle network.
- Community Support: A strong and engaged community of supporters actively participated in network operations and governance, contributing to the coin's value.
Market Volatility and Corrections
Like other cryptocurrencies, SUPRA coin has been subject to market volatility, experiencing price corrections after the ATH. External factors such as regulatory uncertainties, economic downturns, and industry-wide fluctuations have influenced its value. However, the coin has demonstrated resilience, maintaining a significant market cap and continued development efforts.
Current Price Performance
At the time of writing (April 2023), SUPRA coin trades around $0.36. While its price has fluctuated below the ATH, the coin remains among the top-ranked oracle tokens, indicating its ongoing relevance and potential for future growth.
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