The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Primecoin
XPM
Primecoin is not supported by Coinbase.
Market
Market stats
Market cap
$1.2M
Volume (24h)
$435.05
Circulating supply
46.4M XPM
All time high
$7.58
Price change (1h)
+0.06%
Price change (24h)
+3.75%
Price change (7d)
-1.61%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Primecoin is on the decline this week.
The price of Primecoin has fallen by 1.61% in the past 7 days. The price increased by 3.75% in the last 24 hours. In just the past hour, the price grew by 0.06%. The current price is $0.0258 per XPM. Primecoin is 99.66% below the all time high of $7.58.
The current circulating supply is 46,426,403.042 XPM.
About
What Is Primecoin (XPM)?
Primecoin (XPM) is an innovative cryptocurrency, a digital currency secured through cryptography and issued via a decentralized mining market. Primecoin relies on peer-to-peer technology and operates with no central authority; thus, the platform collectively carries out the issue of funds and managing transactions.
The platform is derived from Bitcoin, which utilizes a unique mechanism based on prime numbers and scientific computing. The mechanism also enables the platform to process payment transactions at a great pace. Primecoin relies on peer-to-peer technology and operates with no central authority; thus, the issue of money and managing transactions are collectively carried out by the platform.
The Primecoin network utilizes a proof-of-work mechanism that provides security and minting to the network. Minting refers to validating information, creating a new block, or recording data on the blockchain. The mechanism also generates a unique form of special prime number chains of interest to the mathematical research, and the network becomes more energy-multiuse.
XPM is the official cryptocurrency of the Primecoin platform. The user can mine XPM tokens and trade the tokens with trustworthy markets. The user has to download and install the Primecoin wallet to the PC or Linux computer to start mining the coins.
The Prime chain is also connected to the block hash function to ensure the security property of Bitcoin. At the same time, a simultaneous scheme of difficulty evaluation allows the prime chain to act as adjustable-difficulty, proof-of-work in a cryptocurrency. Furthermore, work needs to be verified by all the nodes in the network to act as proof-of-work for cryptocurrency. The primes should not be too large as it becomes harder to find a prime chain as the chain length increases. Therefore, the Primecoin utilizes a Cunningham chain of the first and second kind, and bi-twin chain and the primes in the prime chain are subjected to maximum size protocol, which ensures efficient verification through all nodes.
History of Primecoin (XPM)
As per its whitepaper published on July 7th, 2013, Sunny King is the official founder of the Primecoin platform.
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Primecoin Calculator
How much is 1 XPM?
Conversion Table
XPM/CAD (Canadian Dollar)
CA$0.0351
XPM/GBP (British Pound)
£0.0212
XPM/BRL (Real)
R$0.13
XPM/EUR (Euro)
€0.0244
XPM/NGN (Nigerian Naira)
NGN 19.98
XPM/SGD (Singapore Dollar)
S$0.0353
Reading List
News
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
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FAQ
What is the current price of Primecoin?
We update our Primecoin to USD currency in real-time. Get the live price of Primecoin on Coinbase.
What is the market cap of Primecoin?
The current market cap of Primecoin is $1.20M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Primecoin?
The all-time high of Primecoin is $7.58. This all-time high is highest price paid for Primecoin since it was launched.
What is the 24 hour trading volume of Primecoin?
Over the last 24 hours, the trading volume of Primecoin is $435.05.
What other assets are similar to Primecoin?
Assets that have a similar market cap to Primecoin include Idle, ALLY, Cheems Inu (new), and many others. To see a full list, see our comparable market cap assets.
How many Primecoin are there?
The current circulating supply of Primecoin is 46 million.
Can I buy Primecoin on Coinbase?
No, Primecoin is not currently available on Coinbase, but you can sign up to get the latest news on Primecoin and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.