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An altcoin called starlink rallied as Elon Musk’s company launched 53 internet satellites into orbit

November 15, 2021

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.

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