An altcoin called starlink rallied over the weekend, a day after Elon Musk’s SpaceX launched 53 additional internet satellites into orbit.
The price of the coin, whose ticker is starl, peaked at a record high of $0.00008325 on November 14, Sunday, reflecting a 117% rise from November 13, according to CoinMarketCap data. Starlink now ranks 236 with a market capitalization of $682 million.
According to its white 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 exchanges indicates it hit an all-time high in July.