According to the coingecko service, the value of the Signa cryptocurrency increased from $0.0066 to $0.015, the trading volume for 24 hours on the Indonesian exchange alone was 103,064,657.9 SIGNA, which is a multiple of $1,581,913. In just a year of trading, the altcoin added 332.4% in value. At the same time, the cost of the altcoin and the trading volume continue to grow.
According to experts, listing on a new exchange is not a fundamental factor for its growth. The growth in the value of the SIGNA cryptocurrency is primarily due to the interest of investors in energy-sustainable crypto assets, in connection with the growing environmental agenda and criticism of Bitcoin and the energy-consuming PoW algorithm. And secondly, with the upcoming launch of the Signum multiverse.
In comparison, the Signum blockchain network consumes only 0.002% of the energy required for Bitcoin for mining and uses a unique PoC + (proof of commitment) consensus algorithm in its work, which allows you to increase mining profitability by up to eight times by freezing coins in your own account. Therefore, the Signa cryptocurrency, along with other sustainable crypto-assets, is perceived as an alternative to traditional energy-intensive mining, and has prospects for further growth.