Serum Trading Up 0.2% This Week (SRM)

Serum (SRM) traded up 4.2% against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on July 24th. Serum has a market cap of $3.90 million and approximately $1.12 million worth of Serum was traded on exchanges in the last day. One Serum coin can now be purchased for about $0.0312 or 0.00000047 BTC on exchanges. In the last seven days, Serum has traded up 0.2% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 1.1% lower against the dollar and now trades at $0.19 or 0.00000286 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.8% higher against the dollar and now trades at $0.0129 or 0.00000020 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 message board is projectserum.medium.com. The official website for Serum is portal.projectserum.com. Serum’s official Twitter account is @projectserum and its Facebook page is accessible here.

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 buy alternative cryptocurrencies such as Serum directly using US dollars. Investors seeking to trade Serum should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Serum using one of the exchanges listed above.

SRM/USD price chart by TradingView