Cryptocurrency Q&A
Why is serum crypto falling?
Why is serum crypto falling?
Daniela
Thu Oct 31 2024
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5
answers
1156
I've been keeping an eye on the cryptocurrency market recently, and I noticed that the price of Serum has been dropping significantly. I'm wondering what factors might be causing this decline.
5 answers
DongdaemunTrendsetter
Sat Nov 02 2024
The price of Serum is currently being suppressed by a high inflation rate.
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MountFujiMysticalView
Sat Nov 02 2024
Specifically, the inflation rate is 1 billion new tokens per year.
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KimonoGlory
Fri Nov 01 2024
This high level of inflation has led to a lack of sufficient demand for Serum.
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SamuraiHonor
Fri Nov 01 2024
To keep pace with the inflation, there needs to be a corresponding increase in demand.
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EtherealVoyager
Fri Nov 01 2024
However, the only real need for holding Serum (SRM) is if you are operating a decentralized exchange (DEX) that uses the order book.
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