What is RadioShack crypto and why is RADIO token gaining traction?

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What is RadioShack crypto and why is RADIO token gaining traction?

 What is RadioShack crypto and why is RADIO token gaining traction?
Image source: © Rafaelhenriquepress | Megapixl.com

Highlights

  • RadioShack was established in 1921 to sell radio equipment, it is now selling crypto.
  • At the time of writing, the RADIO crypto was down by 0.7 per cent.
  • Despite gaining traction on social media, the RadioShack crypto couldn't get investors' attention.

The official Twitter account of RadioShack has caught attention over profane tweets, and on Wednesday, it became a topic of trend on social media.

The century-old electronics retailer has struggled and gone through several bankruptcies over the years. However, it still continues to sell products via an e-commerce website.

Although the company has been in business since 1921, it has only recently gained so much attention after posting a series of offensive tweets.

RadioShack was established to sell radio equipment, and it later started selling electronic products as technology advanced. However, recently it announced that it would use its platform for cryptocurrency swap, and it would be called RadioShack Swap.

Investors Alex Mehr and Tai Lopez reportedly own RadioShack. Switching to the blockchain, RadioShack also introduced its own cryptocurrency called RADIO.

What is RadioShack crypto?

As per the official website, since RadioShack has been a household name for 100 years, it aims to pave the path for other major companies to adopt blockchain technology on a large scale.

RadioShack Swap is live now, and its goal is to develop the first protocol that paves the way for the widespread use of cryptocurrencies and blockchain technology.

At the time of writing, the RADIO crypto was down by 0.7 per cent and trading at US$ 0.009982 per token. According to CoinMarketCap, the total supply of RadioShack crypto is 1.01 billion tokens.

If you visit the RadioShack website, you'll see that it sells electronic items. However, the RadioShack crypto platform is quite prominent on the website and has some details to offer about the virtual currency and RadioShack Swap.


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Bottom line

Despite gaining traction on social media, the RadioShack crypto couldn't get investors' attention, as evidenced by its declining prices. The crypto market continues to crash, and amid volatile market conditions, investors seem unwilling to take the risk by investing in lesser-known cryptocurrencies.

As of writing, the valuation of the cryptocurrencies had declined by three per cent to US$ 868.92 billion.

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