Unlocking the Potential: Cream Token Surges 44.50% Daily!
CREAM Token: 44.50% Daily Surge & Future Potential
Cream (CREAM) is a utility and governance token for Cream Finance, a DeFi platform on Ethereum and Binance Smart Chain. The price is $81.85, up 44.50% in 24 hours, with a market cap of $63.18M and a 24-hour trading volume of $92.58M. ATH was $374.10 in February 2021, and ATL was $6.45 in November 2022. Current price marks a 1173.8% increase from ATL. Significant events include integration with Yearn.Finance and the introduction of “Iron Bank,” enhancing its DeFi utility. Cream (CREAM) token represents an integral part of the Cream Finance ecosystem, a decentralized lending protocol and decentralized exchange (Cream Swap) operating on Ethereum and Binance Smart Chain (BSC). Founded in July 2020 by Jeffrey Huang, Cream Finance offers innovative financial services, allowing lenders to earn interest by providing liquidity while borrowers can secure loans using their crypto assets as collateral. The CREAM token functions not only as a utility token but also as a governance token, empowering holders to influence the protocol’s development and operations.
$92.58M Trading Volume: CREAM’s 24-Hour Surge
As of today, the price of CREAM stands at $81.85, marking a significant increase of 44.50% in the past 24 hours. The token has experienced a trading volume surge, with $92,580,757.69 exchanged in the last 24 hours. This sharp price rise underscores the token’s volatility and high investor interest. The circulating supply of CREAM is 770,000 tokens, leading to a market capitalization of $63,176,653. CREAM’s price performance over the past week has been particularly notable, with an 85.25% increase, highlighting a robust upward momentum.
313.5% Yearly Surge: CREAM’s Long-Term Growth
The historical price data of CREAM reveals a dynamic and fluctuating trajectory. The token’s all-time high (ATH) was $374.10, which it achieved on 4th February 2021. Since then, it has decreased by 78.0%. Conversely, its all-time low (ATL) was recorded on 9th November 2022, at $6.45. Remarkably, this low shows a 1173.8% increase to its current price. Additionally, the price ranges within the last 24 hours and 7 days have been $56.55 – $92.91 and $42.15 – $91.98, respectively. This demonstrates substantial volatility within short timeframes. Over the past year, CREAM has surged by 313.5%. This indicates strong long-term growth despite short-term fluctuations.
Iron Bank Launch Enhances CREAM’s Utility
Several market trends and events have significantly influenced CREAM’s performance. Notably, the token’s inclusion in Yearn.Finance’s (YFI) merger and acquisition spree in November 2020 played a crucial role in boosting its visibility and integration within the DeFi space. Additionally, the announcement of the zero-collateralized lending service “Iron Bank” on 14th January 2021 further expanded CREAM’s utility and appeal. These strategic developments have positioned CREAM as a formidable player in the decentralized finance sector.
How this will affect me:
As an investor, the surge in CREAM token value can potentially lead to significant profits if you have invested in this cryptocurrency. The positive performance of CREAM shows that there is a strong market interest and demand for this token, which can be advantageous for individuals holding CREAM in their portfolio.
How this will affect the world:
The surge of CREAM token reflects the growing importance and adoption of decentralized finance in the global financial landscape. As CREAM continues to innovate and expand its utility within the DeFi sector, it contributes to the overall development and evolution of decentralized financial services around the world.
Conclusion:
Cream Token’s recent surge of 44.50% daily highlights its strong performance and potential for growth in the decentralized finance sector. With strategic developments like the Iron Bank launch enhancing its utility, CREAM is positioned as a key player in the DeFi space. Investors should pay close attention to market trends and developments to make informed decisions regarding CREAM, as its resilience and growth in the volatile market indicate a promising future ahead.
