Highlights:
- Pawtocol (UPI) has recently been listed in the Gate.io exchange.
- The UPI token returned more than 1595% over the past 12 months.
- The token's total and maximum supply of the token is 1 billion.
Cryptocurrencies are quite popular worldwide and attract various new investors every day. The main reason for cryptos' tremendous popularity is the prospects of higher returns.
Today, a crypto, Pawtocol (UPI), has grabbed the investors' eyeballs, evident by a rally in its price. The price of the UPI crypto was up over 67% on Friday morning, while its volume for the last 24 hours skyrocketed around 155%.
Also Read: What is Secured Ship (SHIP) and why is it rising?
What is Pawtocol (UPI)?
Pawtocol is a global online community for pet lovers and intends to bring the pet industry to new heights.
It aims to leverage blockchain technology for monetizing data about the pets of the pet parents while improving the owner's purchase experience.
Also Read: Why is Friends with Benefits (FWB) crypto rising?
In addition, it also claims to aid the veterinarians in delivering better care for pets. Pawtocol uses artificial intelligence (AI) and internet of things (IoT) solutions to help pet parents take care of their pets.
The native and utility token of Pawtocol is UPI, which the holders can use to provide an incentive to the users who upload their pet's data.
Also Read: What is Lunar (LNR) crypto?
Source: *Data provided by CoinMarketCap.com
Why is it rising?
Several major exchanges have listed the UPI token in their platforms, bolstering gains in the token price.
Now, Gate.io, one of the leading crypto exchanges globally, has listed the UPI token on its platform on March 2. Various investors have cheered the announcement.
The UPI token is also available on various other major exchanges like Huobi Global, Coinbase Exchange, BitMart, etc.
Also Read: What is Ankr (ANKR) crypto?
In addition to that, Colin Jordan, the recently appointed Chief Executive Officer (CEO) of Pawtocol, announced on Twitter that the pet-focused protocol is ready to announce the "first real-life pet" as NFT in its platform.
He added that it is a remarkable milestone for the Pawtocol team, and it may aid them to make a name in the NFT marketplace.
Also Read: Why is Chiliz (CHZ) crypto gaining attention?
Bottom Line:
The UPI token was priced at US$0.08456 at 8:09 am ET on March 4, up 67.13%, while its one-day volume soared 155.14% to US$10.64 million.
It has a market capitalization of US$21.80 million, and its fully-diluted market cap is around US$84.55 million.
The total and maximum supply of the token is 1 billion, and its current circulating supply is 257.92 million. The UPI token's price skyrocketed 1595.82% over the past 12 months.
Also Read: What is ShibaDoge crypto? Know price and performance
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.