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TürkçeIslamic Coin Information
Islamic Coin aims to provide a Sharia-compliant cryptocurrency solution, appealing to Muslim investors seeking ethical alternatives in the digital economy. By integrating Islamic principles, it promotes financial inclusivity while fostering a sense of community among users. As interest in ethical investing grows, Islamic Coin positions itself as a pioneering asset in the evolving landscape of cryptocurrencies.
Understanding Islamic Coin: A Comprehensive Overview
Islamic Coin (ISLM) presents an intriguing proposition at the intersection of cryptocurrency and Islamic finance. With its roots deeply embedded in Islamic principles, it aims to provide a Sharia-compliant digital currency that resonates with Muslim investors and users worldwide. This article explores the various facets of Islamic Coin, examining its advantages, disadvantages, past performance, and future outlook.
What is Islamic Coin?
Islamic Coin is designed to comply with Islamic law, making it distinct from conventional cryptocurrencies. The project emphasizes ethical and responsible investing, adhering to the tenets of Islamic finance. This unique positioning may attract a niche market of Muslim investors seeking legitimate investment opportunities that align with their beliefs.
Historical Performance
Launched with a total supply of 100 billion coins, Islamic Coin reached an all-time high (ATH) of $0.303274 on October 15, 2023. This impressive peak reflects the growing interest in Sharia-compliant financial products and showcases the potential for Islamic Coin to carve out a significant niche in the crypto market. However, its price has since seen a significant correction, dropping approximately 77.76% from its ATH as of the latest update.
Current Market Position
As of October 30, 2024, Islamic Coin's price stands at approximately $0.067387, with a market capitalization nearing $91 million. The circulating supply of about 1.36 billion coins supports this valuation, while the total volume over the last 24 hours has reached around $406,353. Despite the fluctuating market, the coin has displayed resilience, with a notable price change of 1.72% within the past 24 hours.
Advantages of Islamic Coin
Islamic Coin boasts several advantages that may contribute to its growth and adoption in the marketplace:
- Sharia Compliance: Its fundamental alignment with Islamic finance principles could attract a significant demographic of Muslim investors who may otherwise remain wary of conventional cryptocurrencies.
- Commitment to Ethical Investment: Islamic Coin’s focus on ethical and socially responsible investing aligns with the growing demand for sustainable investment options globally.
- Diverse Investment Potential: As the global Islamic finance market continues to expand, Islamic Coin could tap into this growth by catering to those interested in ethical banking and finance.
Challenges and Disadvantages
While Islamic Coin presents several promising features, it also faces inherent challenges:
- Market Volatility: Like many cryptocurrencies, Islamic Coin is susceptible to significant price fluctuations, impacting investor confidence and market stability.
- Limited Awareness: The niche market of Islamic finance may limit broader adoption and understanding of the token, which could hinder its growth potential.
- Competition: The increasing number of cryptocurrencies designed for ethical investing could lead to heightened competition, making it challenging for Islamic Coin to differentiate itself.
Future Outlook: Growth Potential and Market Dynamics
The future of Islamic Coin looks promising, albeit with challenges that need to be addressed. The demand for ethical investment options is on the rise, and with the global Muslim population exceeding 1.8 billion, Islamic Coin has the potential for significant user growth within this demographic.
To enhance its market position, the development team behind Islamic Coin must prioritize education and outreach efforts to familiarize potential users with its benefits and uses. Furthermore, partnerships with established financial institutions and Islamic organizations could solidify its credibility and ensure compliance with relevant regulations.
As the cryptocurrency landscape continues to evolve, Islamic Coin's unique proposition may define its trajectory in the coming years. Investors and users alike should keep an eye on this emerging coin as it strives to bridge the gap between traditional finance and the rapidly advancing world of blockchain technology.
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General Information |
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Title
Islamic Coin
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Symbol
islm
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Whitepaper
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Website
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Community
-
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Last Updated
2024-11-20 23:55
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Price Data |
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Current Price $
0.0721
$
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High 24h
0.073512
$
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Low 24h
0.070888
$
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Price Change 24h
-0.0013734207642423
$
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Price Change % 24h
-1.86928
%
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Market Data |
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Market Cap
101508079
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Total Volume
1258399
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Market Cap Change 24h
-1681975.3331526
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Market Cap Change % 24h
-1.62998
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
1408719486.7807
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Total Supply
20170205925.805
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Max Supply
100000000000
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Historical Data |
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All Time High (ATH)
0.303274
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ATH Change %
-76.16151
%
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ATH Date
2023-10-15 00:00
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All Time Low (ATL)
0.03598968
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ATL Change %
100.87972
%
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ATL Date
2024-06-19 00:00
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