The spike and fall of cryptocurrencies is familiar to investors in this space. Today, an altcoin project has risen suddenly and gained close to 620,000 percent. WebDollar, which was trading at $ 0.0001381 during the day, and jumping to $ 0.7128, surprised everyone.

This altcoin took flight in one day

An altcoin named WebDollar (WEBD) rose sharply today, rising from $0.0001381 to $0.7128 levels, according to CoinMarketCap data. This price action marks a performance of 619,900 percent. The reason behind the increase is not yet known. WEBD is changing hands at around $0.01774 at the time of writing.

The rise of the price was also mentioned on the project’s Twitter account. The WebDollar team tweeted, “WEBD is now ranked 18th by market cap on CoinMarketCap. We all have ‘diamond hands’ right now! Let’s keep up the good work! People will eventually learn about the potential of our coin.” The concept of “diamond hands” referred to here refers to traders who hold their positions for the ultimate goal despite potential risks and losses.

https://twitter. com/WebDollar_io/status/1404389450420047873

Cryptocoin. com, Elon Musk also said that Tesla had “diamond hands”. At the time, everyone thought it was an implication for Tesla to keep the Bitcoins it bought.

What is WebDollar?

According to the project’s descriptions, WebDollar is a cryptocurrency completely native to the World Wide Web, written entirely in JavaScript, built around the concepts of basidollarsik, lightness and portability. WebDollar’s mission is to promote mainstream adoption of cryptocurrency. Also, WebDollar uses the Non-Interactive Proofs of Proof of Work (NiPoPoW) consensus mechanism.

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Michael Lewis


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