An altcoin called starlink rallied as Elon Musk’s company launched 53 internet satellites into orbit
The price of the coin, whose ticker is starl, peaked at a record high of $US0.00008325 on November 14, Sunday, reflecting a 117% rise from November 13, according toCoinMarketCapdata. Starlink now ranks 236 with a market capitalization of $US682 ($AU927) million.
According to itswhite paper, the coin aims to be “used as the medium of exchange within the metaverse.” It had a stealth launch with no pre-sale or announcement that indicate when it began trading. However, data on crypto trackers such as CoinMarketCap and CoinGecko indicate it may have started trading around July 2021.
On Saturday, SpaceX launched 53Starlinksatellites into orbit from Cape Canaveral Space Force Station in Florida. There are now more than 1,600 Starlink satellites in orbit, since the first two prototypes were launched in 2018.
Starlink, which beams internet from satellites in orbit to users’ dishes on the ground, has been rapidly growing its subscriber base. SpaceXhas saidit aims to launch42,000 Starlink satellitesinto orbit by mid-2027.
