What are ARCONA, DAI cryptos? All you need to know

Highlights

  • Arcona’s (ARCONA) total market cap is US$1,789,320, and its circulating supply is 15,181,707 ARCONA coins.

  • Dai (DAI) has a total market cap of US$6,094,063,757, and its circulating supply is 6,059,141,618 coins.
     
  • The Arcona ecosystem creates a digital land where people can buy, sell, rent, or lease land using the ERC20 token called Arcona. However, DAI is an Ethereum-based stable coin. Its price is soft pegged to the US dollar. 

The cryptocurrency market is becoming bigger, mature, and more sophisticated. The current market capitalization of the cryptocurrency market is US$1.9 trillion, according to Coinmarketcap.com, as of 01:06 pm ET on Wednesday.

Here we discuss these two trending cryptos today.

Arcona (ARCONA)

Arcona is a token. Its total market cap is $1,789,320, and its 24-hour trading volume was US$5,098. The ARCONA coins’ circulating supply is 15,181,707, which equals the total supply.

Arcona has been declining over the past month. It lost 22.1% in the past one month and 0.3% in the last 24-hours. It was trading at US$0.118118 at 11:02 am ET. Its 24-hour lowest and highest prices were US$0.108409 and US$0.120073, respectively, as per coingecko.com.

Its current market ranking is 1765, as per Congecko.com.  

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The ARCONA token can be bought from exchanges like 1inch Exchange, 1inch Liquidity Protocol, and Bancor Network, among others. Its all-time high price was US$0.776867 recorded on April 9, 2021, and its all-time low was US$0.00222579 on July 5, 2020.

The Arcona ecosystem creates a digital land. It uses augmented reality to create a virtual land. People can take a plot on rent, or the digital land, on the AR platform, and start doing business, controlled remotely. ARCONA token holders can earn rent payments from their digital lots when other AR programs on the platform use the lots. Also, people can buy, sell, or lease the land, and the 3D content using the ERC20 token called Arcona.

Also Read: Eleven upcoming IPOs to keep an eye on in September

DAI and ARCONA: Two trending cryptos on Wednesday.

Source: Pixabay

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Dai (DAI)

DAI is currently priced at US$1.00, down 0.2%, at 11:59 am ET. Its total market cap is US$6,094,063,757, and its 24-hour trading volume is US$831,712,889. Its circulating supply is 6,059,141,618, which is equal to the total supply.

In the last 24 hours on a rolling basis, its lowest and highest prices were US$0.990287 and US$1.02, respectively. Its market cap rank is 29, according to coingecko.com. DAI can be bought from Huobi Global, FTX, OKEx, Coinbase Exchange, and Upbit.

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DAI is an Ethereum-based stablecoin. Its price is soft pegged to the US dollar. Maker Protocol and the MakerDAO decentralized autonomous organization manages its issuance and development. The Multi-Collateral DAI was launched in November 2019.

Its all-time high price was US$1.22 recorded on March 13, 2020, and its all-time low price was US$0.903243 recorded on Nov 25, 2019.

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Bottomline

Currently, there are around 12,052 cryptos in the market. However, stablecoins are considered safe as they are pegged with other currencies. Tokens, on the other hand, can be used for buying, selling, and investment purposes. But investors should evaluate the crypto companies carefully before making an investment decision.

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