Cover Protocol (COVER)What's Cover Protocol price? How much potential does it have? How to buy Cover Protocol? And where can you buy it? Find answers to all of those as well as to many others questions related to it and discover cryptos in the same category. And see how COVER compares to Bitcoin based on its performance!
(Price data last updated about 10 hours ago)
Data last updated about 10 hours agoCOVER All Time Low/High: €8.08 (+76%) / €1395.34 (-99%)
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Compare COVER and BTC performance
How popular is Cover Protocol cryptocurrency?Cover Protocol ranks 1902th among all cryptocurrencies. It has a market cap of €1127578. The total trading volume within the last 24 hours was €75511.
How much potential does it have?How much can Cover Protocol grow? It's hard to say how much potential this cryptocurrency has exactly, but based on its circulating supply (79,179), it can theoretically grow at least 364476x before it would become more popular than Bitcoin. This means that based on COVER maximum potential it could reach €5193790 before it would have to overtake Bitcoin.
How to buy Cover Protocol?The easiest way to buy COVER is to use a cryptocurrency exchange. There are a lot of exchanges out there these days - both centralized and decentralized. And you can find this cryptocurrency in a number of exchanges these days. Currently there should be the very minimum of 5 Cover Protocol exchanges available.
Where can you buy it?COVER should be listed in these exchanges:
Where can I find more information about Cover Protocol?You can find more information about it through the crypto homepage and social media pages brought out on top of this page. And we always recommend you to do further research about the crypto yourself as well.
What is Cover Protocol?
Cover Protocol is a peer-to-peer insurance market, where the way it operates is more similar to prediction market. Unlike other insurance protocols, the governance token is not used for underwriting risk.
To bootstrap coverage for a new protocol, market makers will need to be incentivized to stake collateral of DAI/yDAI to mint CLAIM and NOCLAIM tokens. All series covers a specified protocol and have a specified expiry date. During the expiry date, either CLAIM or NOCLAIM will have the full claim to the collaterals.
For example, if 100 DAI is used to provide coverage for Compound protocol until an expiry date, it will yield 100 CLAIM and 100 NOCLAIM tokens. On the expiry date, if there is a valid claim event, every CLAIM token will receive 1 DAI while NOCLAIM token will expire worthless. The converse is true if there is no valid claim event. In this case, every NOCLAIM token will receive 1 DAI while CLAIM token will expire worthless.
|Market Cap: €1127578||Rank: #1902||Volume: €75511|
Cover Protocol (COVER) live price chart
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How big was Cover Protocol coin volume within the last 24h?
Cover Protocol (COVER) last recorded volume was € 75511.
How much has Cover Protocol price changed during one year?
COVER price has changed during the last year -32.45 %.
Is COVER coin close to its All Time High price?
COVER all time high price (ath) is €1395.34. Its current price is €14.25. This means that the difference between Cover Protocol (COVER) All Time High price and COVER current price is -99%.
What is the maximum price Cover Protocol (COVER) could VERY theoretically reach?
COVER has a current circulating supply of 79,179. Based on our calculation COVER could reach up to €5193790 before it would have to overtake Bitcoin. So in theory the potential for growth is 364476x its current value (€14.25). However, keep in mind that the coin's actual potential is based on the value it provides to the user. So this is just a logical maximum potential price calculation for Cover Protocol and in no way is it a prediction of any kind, far from it.
Where can you buy Cover Protocol?
Cover Protocol is currently listed on at least these crypto exchanges: OKX, MEXC Global, Sushiswap, SpookySwap and possibly some others.