Ekta, a blockchain that allows physical assets and on-chain communities to combine, moves towards its first listing. Ekta has recently been in the news as it has delivered a huge profit of 2,893,266,376% in the past seven days. Its value has increased from $0.0000001396 to $0.4039, data Coinmarketcap.com reports Economictimes.indiatimes.com. So, an investment of Rs 1,000 can technically translate to Rs 2,989.32.
Stories of unbelievable profits are not new in the crypto space. Ekta is one of those tokens that is struggling to regain its glory but is still far behind its all-time high. Despite a staggering 2.9 billion percent increase, the token is still light years away from its previous glory as it zoomed 25x to scale its previous high.
EktaChain was live! Visit https://t.co/Or2wpKz1Db to see real-time blocks being validated.
Highlights✅EktaChain & Testnet is running
✅Currently, EktaChain is for our partners to test and develop
✅When launching EktaBridge and EktaHybex, more functions will be available pic.twitter.com/aapEDRWugq– Ekta (@ekta_io) January 11, 2022
Over the past one week, the small token has delivered a whopping 2,893,266.376 percent return over the past seven days from $0.4039 from $0.0000001396, according to Coinmarketcap.com data.
Blockchain is taking its first tentative steps towards its first public listing. It has raised more than $5 million in seed funding and private sales.
Experts advise caution before investing in such unbelievable prospects
Raj A Kapoor, Founder, Blockchain Alliance India, feels that it is an appropriate use case strategy to generate profits by connecting the physical world with the digital world. The platform integrates traditional businesses with blockchain technology and, in the process, opens new economic opportunities for everyday people.
Kapoor cautions that most outbursts are not a permanent phenomenon, and that one should keep a safe distance from entities that promise gravity in the sky.
Interestingly, the micro level has a market cap of less than $5 million. Even so, a 92% drop in volume and trading at just $2,250 signal a trap to the buyers.
Data from Coinmarketcap suggests that there are 12,097,924 tokens on offer and the maximum supply is capped at 420,000,000 Ekta tokens.
Sharat Chandra, VP- Research & Strategy, EarthID, a proprietary Identity Management Platform, said, “It seems to set itself apart from conventional mass token projects. Ekta’s mission is to promote the development of projects aimed at clean technology, smart technology, ocean startups, alternative medicine, aquaculture and aquaponics”.