42-coin

42 Price

About 42-coin (42)

42-coin is an extremely rare, deflationary cryptocurrency with a maximum supply of exactly 42 coins.

• Launched in 2014 and later revived by the community in 2016, it features a fair distribution model with no premine, instamine, or initial coin offering (ICO).
• The network utilizes a hybrid consensus mechanism combining Scrypt-based Proof of Work and Proof of Stake.
• It is a community-driven project with completed emission, meaning no new coins are created through mining rewards.

What Is 42-coin

42-coin was created as a novelty and store-of-value asset, drawing inspiration from the "meaning of life" theme in popular culture. Its defining characteristic is its hyper-scarce supply, capped at just 42 units, which is intended to make it one of the highest-priced individual cryptocurrency units by face value.

The project operates as a completely decentralized, peer-to-peer internet protocol. Unlike inflationary assets that constantly expand their supply, 42-coin uses a deflationary architecture where transaction fees can be destroyed in certain block types. The community-led initiative has seen several iterations, including a 2016 revival where the community voted to return to the original limited supply idea and introduced Proof of Stake capabilities to enhance network security.

Key Differentiators

• Hyper-Scarcity: With a hard cap of only 42 coins, it is one of the scarcest digital assets in existence, contrasting with the millions or billions of tokens found in most other projects.
• Fair Launch: All coins were distributed via mining between 2014 and 2016, ensuring there were no developer team holdings or private venture capital allocations.
• Hybrid Consensus: It uses both Proof of Work and Proof of Stake to secure the network, representing a multi-layered approach to transaction confirmation.
• Zero Block Reward: Since emission is complete, the block reward is zero, and network participants are incentivized solely through transaction fees.

Ecosystem and Integrations

While 42-coin originated as a standalone Layer 1 blockchain, it has expanded its reach through tokenized versions on other networks.

Cross-chain Availability The asset is available as a token on the BNB Chain Ecosystem and the Solana Ecosystem, allowing it to be used within broader decentralized finance environments.

Native Infrastructure The network supports both public and private transaction types and provides dedicated wallet generators and blockchain explorers for its native chain. It is traded on several decentralized exchanges, including PancakeSwap and Raydium.

Origins and Launch

42-coin was launched in early 2014 as a Scrypt-based Proof of Work coin, designed to test the limits of scarcity in the cryptocurrency market. Following a period of inactivity from the original creator, a new community thread was started in June 2016, leading to a successful revival. This transition included a supply swap and the implementation of Proof of Stake, a method where holders secure the network by locking their coins. The network uses a target spacing of 7 minutes for Proof of Stake and 21 minutes for Proof of Work confirmation.

Risk Disclosure

As with all memecoins, 42-coin is a highly speculative asset with substantial volatility. Its value is primarily driven by community sentiment and meme culture rather than traditional utility. The extreme scarcity of the supply can lead to significant price fluctuations and low liquidity. Investors should exercise caution and perform thorough research before participating in the ecosystem.

Where can you buy 42-coin?

42 tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade 42-coin is PancakeSwap V3 (BSC), where the most active trading pair 42/BSC-USD has a trading volume of $19.91 in the last 24 hours.

What is the daily trading volume of 42-coin (42)?

The trading volume of 42-coin (42) is $28.85 in the last 24 hours, representing a 2.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for 42-coin (42)?

42-coin (42) reached an all-time high of $805,023 and an all-time low of $1,071.62. It’s now trading -98.20% below that peak and 1,282.10% above its lowest price.

What is the market cap of 42-coin (42)?

Market capitalization of 42-coin (42) is $621,319 and is ranked #3294 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of 42 tokens (42 tokens are tradable on the market today).

What is the fully diluted valuation of 42-coin (42)?

The fully diluted valuation (FDV) of 42-coin (42) is $621,320. This is a statistical representation of the maximum market cap, assuming the maximum number of 42 42 tokens are in circulation today. Depending on how the emission schedule of 42 tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of 42-coin compare against its peers?

With a price decline of -0.50% in the last 7 days, 42-coin (42) is outperforming the global cryptocurrency market which is down -5.70%, while underperforming when compared to similar Solana Ecosystem cryptocurrencies which are up 0.00%.