Introducing SQUID – The Squid Game cryptocurrency

Fans of the popular Netflix series Squid Game are in for a real treat

The popular Korean series has been turned into a cryptocurrency – trading as Squid.

Squid, which was trading around 1 cent on Tuesday and reached $2.34 on Friday – meaning the new digital coin jumped by 2300 percent.

Its market capitalisation, or total volume in the market, currently sits at $184million.

Squid Game, the dystopian series which tells the story of a group of people forced to play deadly children’s games for money, has become a viral sensation.

Squid is what is known as a “play-to-earn” cryptocurrency, where people buy tokens to play in online games where they can earn more tokens. These can then be exchanged for other cryptocurrencies or fiat money.

The news comes as cryptocurrency; Shib experiences another great trading week

Known as the ‘DogeCoin Killer’ – SHIB coin continues to shake up the world of cryptocurrency.

According to CoinGecko, the cryptocurrency hit a record of US$0.00008088 – which is an improvement of 140 million per cent compared to its low last year in November.

While the current price might not seem like much – it is a massive rise since the coin first listed in August 2020 at US$0.000000000972.

Shiba Inu Coin was created in August 2020, and has gained popularity around the world – particularly within India.

Created by an anonymous person who called themselves “Ryoshi” – the digital coin was intended to be a spin-off of dogecoin.

SHIB is now rivalling its predecessor for market cap after breaking the $US30 billion barrier.

The digital currency coin features the Japanese dog as its mascot, and is now nipping at the heels of Dogecoin, which sits in 10th place among cryptocurrencies for market cap at $US31 billion.