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What is the use of the pearl token (how did the pearl currency drop like this)?

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What is the use of the pearl token? According to official sources, there are two

What is the use of the pearl token (how did the pearl currency drop like this)?

What is the use of the pearl token? According to official sources, there are two types of pearl tokens: pearl (an ERC-721 token), Pearl (an ERC-20 token), and pearltoken (an ERC-20 token).

During transactions, users acquire pearl tokens by purchasing certain types of products, and these tokens are used as payment for other products.

Additionally, users can participate in various activities by issuing pearlTokens.

How did the pearl currency drop like this?

According to reports, based on CoinGecko data, the price of the pearl token has dropped to around $1 today. In the past 24 hours, the value of the token has decreased by 5%, with the price reaching a high of $3.97 at one point. At the time of writing, the price is approximately 3.52 Chinese yuan.

According to CoinMarketCap data, the current market cap of pearl is around $1.5 billion, a decrease of nearly 20% compared to yesterday. The peach section under the memo category has seen the highest increase in value, surpassing Litecoin and Ethereum. Additionally, pearl has been experiencing an upward trend in the past few days, with the highest point reaching $9.37 at the time of writing.

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