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About PORT

PackagePortal incentivizes online shoppers to scan the shipping labels on their deliveries to confirm receipt & rate their experience. ‍ The platform empowers brands and consumers to reconnect at the moment of delivery, and create value for one another while cultivating better service and honest data from carriers.PORT acts as the governance and rewards token for users of the PackagePortal platform. It also functions as the membership token (or perpetual license) that Merchants must possess in order to access user scan data.

PackagePortal (PORT) is a cryptocurrency launched in 2021. PORT has a current supply of 10.00M with 0 in circulation. The last known price of PORT is 0.022303363328 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.packageportal.com/.

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PORT Price Statistics
PORT’s Price Today
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Updated Oct 09, 2023 2:30 am
Mkt Cap $0
There's nothing here for now
Hedge Funds Show Growing Interest in Meme Coins
Hedge Funds Show Growing Interest in Meme Coins
According to Bloomberg, the allure of meme coins is increasingly attracting the attention of hedge funds. Stratos, a hedge fund whose limited partners include venture capitalists, is one such example. Rennick Palley, the founding partner of Stratos, stated that if the fund isn't investing in meme coins, the individuals working at the fund are likely doing so. Despite the skepticism surrounding meme coins, hedge funds have been active in the crypto world, drawn by various strategies. Quinn Thompson, founder of Lekker Capital, compared the frenzy around meme coins to the retail frenzy seen with GameStop and meme stocks in traditional markets. He described it as the 'tip of the spear for speculation' and equated it to gambling. Dogecoin, the first meme coin launched in 2014, is currently the eighth-largest cryptocurrency with a market value of approximately $22 billion, according to CoinMarketCap. While many retail investors have experienced losses, professional investors have largely stayed away until the recent crypto boom. Cosmo Jiang, a portfolio manager at Pantera, noted that meme coins, initially started as a joke, have evolved into 'culture coins' representing a group of people with a shared belief system. The creation and launch of memes have become easier with apps like Pump.fun, and blockchains like Solana and Base offering low trading fees have been flooded with these tokens. Josh de Vos, research lead at CCData, highlighted that the infrastructure surrounding meme coins has improved, with centralized exchanges developing sophisticated futures markets for leading meme coins. This has allowed hedge funds to capitalize on their volatile movements and effectively hedge their exposure. As more hedge funds start taking meme coins more seriously, Palley expects the focus on these highly speculative tokens to increase. He anticipates more firms creating meme-only funds, similar to the creation of NFT-only funds. However, it's worth noting that NFTs have proven to be unreliable investments, with the market showing significant volatility.
Apr 24, 2024 12:23 am

Frequently Asked Questions

  • What is the all-time high price of PackagePortal (PORT)?

    The all-time high of PORT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of PackagePortal (PORT) is 0. The current price of PORT is down 0% from its all-time high.

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  • How much PackagePortal (PORT) is there in circulation?

    As of , there is currently 0 PORT in circulation. PORT has a maximum supply of 10.00M.

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  • What is the market cap of PackagePortal (PORT)?

    The current market cap of PORT is 0. It is calculated by multiplying the current supply of PORT by its real-time market price of 0.022303363328.

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  • What is the all-time low price of PackagePortal (PORT)?

    The all-time low of PORT was 0 , from which the coin is now up 0%. The all-time low price of PackagePortal (PORT) is 0. The current price of PORT is up 0% from its all-time low.

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  • Is PackagePortal (PORT) a good investment?

    PackagePortal (PORT) has a market capitalization of $0 and is ranked #4394 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze PackagePortal (PORT) price trends and patterns to find the best time to purchase PORT.

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