Serum (SRM) Self Reported Market Cap Reaches $3.64 Million

Serum (SRM) traded 4% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on January 9th. One Serum coin can now be bought for $0.0291 or 0.00000031 BTC on major exchanges. Serum has a market cap of $3.64 million and $330,362.29 worth of Serum was traded on exchanges in the last 24 hours. During the last seven days, Serum has traded down 9.6% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 1.6% against the dollar and now trades at $93,326.42 or 0.99823537 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.7% lower against the dollar and now trades at $92,784.22 or 0.99243587 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Serum Profile

Serum’s genesis date was July 23rd, 2020. Serum’s total supply is 1,092,844,982 coins and its circulating supply is 125,000,000 coins. Serum’s official Twitter account is @projectserum and its Facebook page is accessible here. The official website for Serum is portal.projectserum.com. Serum’s official message board is projectserum.medium.com.

According to CryptoCompare, “Serum (SRM) is a cryptocurrency on Solana and Ethereum blockchains, known for its interoperability in DeFi. It can be converted into MegaSerum (MSRM) with 1 million SRM tokens. SRM is deflationary, with trading fees used to buy and burn tokens. It’s part of Project Serum, a DeFi ecosystem on Solana, featuring the Serum DEX for cross-chain swaps. SRM contributes to governance, staking for validator nodes, and reducing trading fees. SRM is used for staking, operating validator nodes on Serum DEX, and receiving reduced trading fees. It also plays a role in the DEX’s governance.”

Buying and Selling Serum

It is usually not possible to purchase alternative cryptocurrencies such as Serum directly using US dollars. Investors seeking to trade Serum should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Serum using one of the exchanges listed above.

SRM/USD price chart by TradingView