Contradanyc.com – KOK coin was trading at the level of IDR 2,371.08 on Saturday 1 October 2022, with the last 24 hours trading volume of IDR 27.77 billion.
Citing the Coinmarketcap page, Saturday (1/10/2022), KOK fell 9.21 in the last 24 hours. The coin KOK is currently ranked 635th on CoinMarketCap, with a market cap of IDR 254.5 billion. Currently, there is a circulating supply of 107,333,422 KOK coins.
KOK Coin is a digital currency, produced in a self-sustaining ecosystem that also issues ETH-backed NFTs to create reward-based content.
Founded and developed by the KOK Foundation, the project operates in the crypto market on the principle of opportunity in the world of content and knowledge base.
The KOK Foundation is a company that aims to innovate existing business models by integrating the global content industry and blockchain technology with the mission of ‘Keystone of Opportunity and Knowledge’ (KOK).
KOK aims to improve the distorted system of the traditional digital media content industry and create a platform with more fun, different and powerful content where the media industry can develop together in both qualitative and quantitative aspects.
Read more: Slowdown in Crypto Investment Continues in 2022
The KOK whitepaper was published on November 21, 2019. The KOK team involved key advisors such as Dr. Thomas Frey, who is director of the Da Vinci Institute in Colorado. The group also includes Jill Carrigan, who is a blockchain educator and advisor.
Crypto Prices Saturday Morning October 1, 2022
Previously, the price of bitcoin and other top cryptocurrencies was still moving in the red zone on Saturday (1/10/2022) trading. However, the prices of bitcoin and ethereum tend to weaken slightly.
Based on data from Coinmarketcap, Saturday morning, October 1, 2022, the crypto with the largest market capitalization, bitcoin (BTC) has weakened again in the last 24 hours. The price of bitcoin (BTC) fell 0.40 percent to a position of USD 19,399.62 or around Rp. 296.97 million (assuming an exchange rate of Rp. 15,309 per US dollar). However, the price of bitcoin rose 1.3 percent in the past week.
Likewise the price of ethereum. The price of ethereum (ETH) edged down 0.16 percent over the past 24 hours. The price of ethereum is in the position of USD 1,328.89 or around Rp. 20.33 million. In the past week, the price of ethereum rose 0.74 percent.
The price of BNB Coin has also been in the red for the last 24 hours. However, the correction in BNB prices was slightly 0.18 percent. Over the past week, BNB prices rose 2.47 percent. Now, the price of BNB is in the position of USD 283.53 or around Rp. 4.32 million.
The price of XRP has weakened slightly in the last 24 hours. The price of XRP is down 0.04 percent. In the past week, the price of XRP slumped 5.86 percent. Currently, the price of XRP is at USD 0.4744.
Other Crypto Prices
The price of cardano (ADA) is down 0.85 percent in the last 24 hours. Over the past week, ADA prices have fallen 6.3 percent. Now, the price of cardano is in the position of USD 0.4334.
Likewise, the price of solana (SOL) is in the red zone. The price of solana (SOL) slipped 2.79 percent in the last 24 hours. In the past week, the price of solana fell 2.28 percent. Currently, the price of solana is in the position of USD 33.
Meanwhile, the price of dogecoin (DOGE) rose 2.35 percent in the last 24 hours. However, over the past week, the price of Dogecoin has fallen 7.1 percent. Now, the price of Dogecoin is at USD 0.6194.
Stablecoins such as tether have edged down in the last 24 hours. Over the past week, the price of tether (USDT) has been in the green. Currently, the price of tether is in the position of USD 1.00.
The price of USD Coin (USDC) has been in the red in the last 24 hours. USDC prices fell 0.01 percent. Over the past week, USDC prices edged down 0.02 percent. Now, the price of USDC is in the position of USD 0.9998.
Likewise the price of Binance USD (BUSD) is in the red zone both in the past 24 hours and the past week. BUSD price is at USD 1 position.
Market Crash Impacts Crypto Companies’ Share Price
Previously, the JPMorgan team of analysts said that the fall in crypto prices would greatly affect the stock prices of crypto companies, one of which is Coinbase. JPMorgan analysts lowered the target price for Coinbase Global shares from USD 78 or approximately USD 1.1 million to USD 60 in December.
The publicly listed crypto exchange draws most of its revenue from crypto trading rates in the US, meaning third and fourth quarter earnings depend on crypto trading interest.
“We think the pressure on Coinbase’s earnings from the decline in the cryptocurrency market will put pressure on the stock price,” wrote JPMorgan analysts, quoted from Yahoo Finance, Friday (30/9/2022).
Coinbase Global (COIN) shares sold down from a high of USD 72 last Wednesday to USD 62 on Friday. Still hanging above June lows, the stock has fallen 11 percent over the past five days and 75 percent this year.
Analysts said Coinbase is expected to see low trading volume by US retail crypto investors through December with the expectation that activity will pick up in the early first quarter of next year.
According to crypto volume indexer Nomics, current volume for Coinbase has fallen 15 percent over the past month to $48 billion. That’s only half the volume Coinbase’s trading business received at the start of the year.
In Q2 earnings, Coinbase’s revenue is highly dependent on trading volume in the near term. Its business strategy aims to reduce trade as a mix of profits by growing its subscription products and services, which generated 18 percent of revenue in the second quarter.