SongCoin

SongCoin (SONG) Cryptocurrency Product Introduction

• Basic Overview: SongCoin (SONG) is a cryptocurrency that users can generate through mining. According to available information, SongCoin has a current total supply of 32,565,300 tokens, with 0 in circulation. This suggests the token may not yet be fully in market circulation or is primarily used for specific purposes.
• Price and Market Performance: As of the latest data, SongCoin’s price is approximately $0.0009827, with a 0.00% price fluctuation over the past 24 hours, indicating short-term price stability. However, its all-time high was $0.0387 (reached on January 17, 2018), and the current price reflects a decline of about 97%, highlighting a significant loss in market value. SongCoin’s fully diluted valuation is around $32,000.
• Trading and Liquidity: SongCoin is currently traded on one active market, but its trading volume over the past 24 hours is $0. The average trading volume for the past 7 and 30 days is also $0, indicating extremely low market liquidity and limited investor participation.
• Technology and Use Cases: As a cryptocurrency generated through mining, SongCoin may operate on a Proof of Work (PoW) mechanism, though specific technical details or intended applications are not clearly outlined in public information. Its original purpose or target sector (such as the music industry or other innovative uses) remains to be confirmed.
• Investment Risks and Outlook: Given SongCoin’s extremely low trading volume and price far below its historical peak, investors should exercise caution. Its market performance may be influenced by overall cryptocurrency market trends, project activity, and community support. It is advisable to monitor future updates or announcements for insights into its development trajectory.
• Summary: SongCoin is a small-scale cryptocurrency with low market activity and a price significantly below its historical high. For those interested in this project, it is recommended to keep track of its market dynamics and further information regarding its technical applications.