Ekta, a blockchain that connects actual assets and communities on-chain, is ready to go public, Ekta has lately made headlines because of its incredible seven-day return of 2,893,266,376 percent. Its value increased from $0.00000001396 to $0.4039, writes Economictimes.indiatimes.com. Thus, a Rs. 1,000 investment might potentially grow to Rs 2,989.32 crore.
Exceptional returns are not unusual in the bitcoin industry. Ekta, on the other hand, is attempting to recapture its glory but is still far from it’s all-time high. Despite a 2.9 billion percent growth, the currency remains lightyears behind its previous brilliance, when it soared 25 times to reach previous highs.
The token has recovered 2,893,266,376 percent in the previous 7 days to $0.4039 from $0.00000001396, according to Coinmarketcap.com.
The Blockchain is making its first moves and over $5 million has been generated in seed investment and private sales.
According to Raj A. Kapoor, Founder of India Blockchain Alliance, linking the real and digital worlds is a good use case technique. It creates new growth prospects with a combination of blockchain tech companies.
Surprisingly, the micro-level has a total value of less than $5 million. However, 92 percent drop in volume and trade of only $2,250 points to a buyer’s trap.
According to Coinmarketcap, there are 12,097,924 tokens in circulation, with a total supply of 420,000,000 Ekta tokens.
“It seems to separate itself aside from the normal run-of-the-mill token initiatives,” Sharat Chandra, VP-Research & Strategy, EarthID, stated. Ekta’s purpose is to “promote the development of initiatives in green tech, smart tech, marine startups, medicines, ecology, and aquaponics.”
