700% Daily Crypto Explosion: What’s the Catch?

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CryptoPawCoin (CPRC) saw an impressive 680% surge in the last 24 hours, and it’s now among the top 100 cryptocurrencies with a market value of over $500 million. CPRC aims to help animal welfare.

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However, it’s essential to be cautious because of its low trading volume. This makes it vulnerable to price manipulation and poses potential risks for investors.

CPRC Breaks Into Top 100, But…

Out of the many thousands of cryptocurrencies, only a few manage to gain recognition and enter the top 100 by total market value. It’s even rarer for a coin to achieve this overnight.

CryptoPawCoin (CPRC) is one of those exceptions. In the past 24 hours, it surged by an incredible 680%, securing a place among the top 100 cryptocurrencies. As per CoinGecko, CPRC is currently trading at $0.0016 and has a market capitalization of slightly over $500 million.

Source: CoinGecko

It’s important to mention that this cryptocurrency isn’t listed on CoinMarketCap.

According to its official website, the main goal of CryptoPawCoin (CPRC) is to improve support for animal shelters, rescue organizations, and wildlife conservation efforts.

However, it’s essential to be cautious because CPRC has relatively low trading volume compared to other cryptocurrencies of similar market value. This means that smaller trades can have a more significant impact on the price. So, it’s crucial to exercise extreme care when dealing with such projects.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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