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HomeDigit NewsWhat is TATA Coin? Should you invest in this cryptocurrency?

What is TATA Coin? Should you invest in this cryptocurrency?

Listed on the Binance Smart Chain (BSC), the value of this cryptocurrency recently jumped over 1200 per cent.

In the world of cryptocurrency, Tata Coin is discussed these days. Listed on the Binance Smart Chain (BSC), the value of this cryptocurrency recently jumped over 1200 per cent. It was at $0.008 on March 5 and rose to $0.24 on March 6. TATA Coin is currently trading at $0.09. Its market capitalization is $718,300, which is a big deal for an unknown coin. Many people are thinking of investing in TATA Coin, but before that you should know everything about it. 

TATA Coin Fully DecentralizedIs. This means that no single entity or individual such as the CEO controls this cryptocurrency. Its objective is to promote a decentralized environment and create a secure cross-border transaction system for multinational companies and organizations. 

Supply is limited to 90 lakh coins

TATA Coin aims to reduce transaction fees and make international payments faster and cheaper. Since its supply is limited, TATA Coin can be used as a hedge against inflation. TATA Coin is designed in such a way that it will never exceed 9 million coins. Neither the community nor any organization can change this design feature. This protocol also makes it different from precious metals like gold. More mining of gold may reduce its value, but the supply of TATA Coin is limited. 

There are also plans to create a decentralized swap and exchange in the future. There is also a question that how does the community control this coin. Usually those users give direction to the currency, which has the most coins. For this reason, it is the developers who keep the most coins with them. But in the case of Tata Coin, the developers do not have any coins. They have no control over this digital currency. Tata Coin has 100% public liquidity. 

So should you invest

According to cnbctv18, it is impossible to predict the value of a coin. Last year too many coins came into the limelight. His investors benefited greatly. But that was only for a short time and the prices went back to normal. The volatility in cryptocurrencies is very high. For now TATA Coin looks like a good investment, but it can change in a few hours. This coin is very small in the world of cryptocurrency. It is currently ranked at number 2,953 on CoinMarketCap. Therefore, before investing, understand all the risks carefully.

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