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Alpaca Finance

ALPACA

Price
$0.27
12/7/2022, 10:46:35 AM
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Market

Market stats

Market cap

$38.3M

Volume (24h)

$3.4M

Circulating supply

141.6M ALPACA

All time high

$8.60

Price change (1h)

-0.54%

Price change (24h)

-4.19%

Price change (7d)

+11.49%

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Alpaca Finance is on the rise this week.

The price of Alpaca Finance has risen by 11.49% in the past 7 days. The price declined by 4.19% in the last 24 hours. In just the past hour, the price shrunk by 0.54%. The current price is $0.27 per ALPACA. Alpaca Finance is 96.86% below the all time high of $8.60.

The current circulating supply is 141,603,872.228 ALPACA.

About

What Is Alpaca Finance (ALPACA)?

Alpaca Finance is a lending protocol built on the Binanceblockchain. The platform assists users by amplifying the profit potential. Alpaca Finance proposes to achieve its goal by allowing users to choose from a vast array of transparent and verified resources for their necessities. 

According to the whitepaper, Alpaca Finance assists in leveraged yield farming in the cryptocurrency space. Leveraged-yield farming has gained significant attention within the digital ecosystem. However, the increasing cost of the existing methods has prompted the creation of Alpaca Finance. Thus, Alpaca Finance seeks to provide value using an on-chain lending protocol. 

The goal of Alpaca Finance is to help lenders generate steady yields. Alpaca Finance also provides borrowers loans against lesser collateral. Alpaca Finance assists in increasing the farming capital. 

ALPACA is the native token on the Alpaca Finance network. Users of the Alpaca Finance platform can receive the token in a number of different ways. The platform rewards its users for contributing to the growth of the ecosystem. There is no other way of mining the token. The ALPACA token can be used for various purposes on the Alpaca platform, including receiving positive economic yield. ALPACA is a deflationary token, which means that as the platform experiences growth, the value of the ALPACA token would increase. 

The ALPACA token can provide assistance in the governance of the platform. Thus, the token also enables users to participate in key decision-making procedures. With the plan to integrate NFTs into its platform, ALPACA can also access related services and products. 

Alpaca Finance aims to create its own NFT marketplace. The platform plans on increasing its liquidity so that more lending transactions can be made. 

History of Alpaca Finance (ALPACA)

The fair launch of the token ALPACA was done in Q1 of 2021. Q2 provided the ability to add liquidity pools to the platform. Also, Q2 in 2021 integrated with the PancakeSwap pools.

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FAQ

What is the current price of Alpaca Finance?

The price of 1 Alpaca Finance currently costs $0.27.

What is the market cap of Alpaca Finance?

The current market cap of Alpaca Finance is $38.26M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Alpaca Finance?

The all-time high of Alpaca Finance is $8.60. This all-time high is highest price paid for Alpaca Finance since it was launched.

What is the 24 hour trading volume of Alpaca Finance?

Over the last 24 hours, the trading volume of Alpaca Finance is $3.39M.

What other assets are similar to Alpaca Finance?

Assets that have a similar market cap to Alpaca Finance include Saitama V2, BarnBridge, DeFi Pulse Index, and many others. To see a full list, see our comparable market cap assets.

How many Alpaca Finance are there?

The current circulating supply of Alpaca Finance is 142 million.