Sunday, July 21, 2024

On news that hack compensation will inflate token supply, C.R.E.A.M plummets

The fluctuations in the market of a digital asset are difficult to predict. The value of Defi (Decentralised finance) along with C.R.E.A.M (a money lending service provider in the market) has taken the level of new highs twice a month. The attack on the coffers of Cream had drained them. Cream took the initiative to compensate with the cream tokens which was appreciated by the users of the platform and the customers. It has expanded the circulation of coins in the market and made good returns for the company and the investors.

Compensation as a hack for plunging the prices of Cream

The price of cream fell heavily after the attack. Cream compensating their coffers, which is a very unknown and unpopular cryptocurrency, Made it a mouthwatering option for many investors and traders. In the history of such attacks on the coffers, people have not seen the amount being compensated. The compensation for the attack plunged the amount for the platform and added the momentum for the prices.

The attacks on cream have made a loyalty base for the investors and traders because of the response by the platform. The cream has an outstanding amount of 9 million coins in the account and there are more coins in circulation than the supply. This imbalanced demand and supply chain is causing the fluctuation in the prices of this marketplace. Therefore, this compensation hack has become one of the reasons behind the plunge in prices. However, the demand and supply still need to be controlled.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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