Songbird price drop7/1/2023 ![]() Over the past 24 hours, the asset has fallen by 2,15% to $0.040045, while Songbird is growing and showing independence.īy the way, the native token XDC is also growing, increasing by almost 4% during the day. However, looking at the current Flare token chart, we get a different impression. The difference being that FLR can succeed without SGB, but SGB can’t succeed without FLR,” he explains. “If FLR doesn’t survive, then SGB sure as hell won’t. A SilverHoard user thinks Flare’s native token (FLR) is more suited for this since it is the underlying platform. On the Songbird subreddit, there was a discussion about whether the SGB is appropriate for long-term investing. Earlier days, after such a position, explosive growth began therefore, it is not excluded that similar events can repeat.Ĭome on $SGB! Repeat that PUMP! If we are lucky, it might just play out as before. Speaking about the growth, Moon Commander trader noticed that a similar candlestick position is forming on the SGB price chart. ![]() That’s why there’s no point in guessing what will cause the decline in value. Therefore, it is reasonable to study how SGB will behave in the near future and in the long term.Īs a rule, the decline can be influenced by various factors, whether it is the general state of the market or the lack of power in the community. So far, the asset is growing, but given the volatility of the crypto market, the decline could start at any moment. That is, those who invested in the asset at the start now have 67 times less than they invested. It almost immediately reached a historical peak and was traded at $0.6372. At its peak on the day, the asset was trading at $0.009569. According to CoinMarketCap, during the day, the asset grew by 23,94% to $0.009401. ❤️□ /EUAtHyl7qNĪt the time of this writing, the token is in the growth phase. Here’s your bullish news $SGB fam □ value bridge will be launched soon. ![]() Overall, believes that this news, if true, is a bullish signal for SGB, i.e., the token will potentially grow. In addition, it says that after the launch of the second bridge, this bridge will support a single asset, XDC tokens therefore, users of XDC will be able to create and use wrapped XDC on Songbird. The first bridge, which has already been deployed, was conducted between the XDC testnet ( Apothem) and the Flare Network testnet ( Coston). That is, XDC holders will eventually be able to transfer tokens into the SGB network, and vice versa, seamlessly.Ī message posted by Twitter user stated that the second bridge, which will be deployed after a sufficient testing period, will be between the XDC mainnet and Songbird, Flare Network’s “canary” network. XDC is an EVM-compatible chain with enforceable smart contracts that is uniquely suited to revolutionize, decentralize, and liquefy the trade finance industry through the tokenization of real-world assets and financial instruments.Ī crypto bridge, or blockchain bridge, is a special application that connects and enables the transfer of tokens between two different blockchains. Why is SGB rising?Ī possible reason for Songbird’s native token growth could be due to rumors of an upcoming XDC blockchain bridge. The Songbird testnet was launched in September 2021. Earned a PhD in Quantum Computing from University College London. Has a degree in Financial Risk Management from Cass Business School and was studying Machine Learning with Sean Rowan. Songbird is co-founded by three former students of University College London: ![]()
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