What is the highest and lowest price in history of Shentu (CTK) coin?

The privacy-centric Shentu (CTK) coin has witnessed a volatile price history, oscillating between its all-time high of $0.3125 and an all-time low of $0.0025.

Dec 14, 2024 at 12:43 pm

Highest and Lowest Price in History of Shentu (CTK) Coin

Shentu (CTK) is a privacy-focused cryptocurrency that utilizes zero-knowledge proofs to protect user transactions. It was launched in 2018 and has since gained a reputation as one of the leading privacy coins in the market.

Highest Price

The highest price ever recorded for Shentu (CTK) was $0.3125, which was reached on April 1, 2021. This surge in price was largely attributed to the growing interest in privacy coins at the time, as well as the positive news surrounding Shentu's development and partnerships.

Factors contributing to the high price:

• Growing demand for privacy coins: The increasing demand for privacy coins, driven by concerns over government surveillance and corporate data collection, has been a major factor in the rise of Shentu's price.
• Positive news and developments: Shentu has consistently made positive announcements and updates regarding its development, partnerships, and adoption, which has fueled investor confidence and pushed the price higher.
• Limited supply: Shentu has a limited supply of 100 million tokens, which has also contributed to its price appreciation, as scarcity typically drives up demand.

Lowest Price

The lowest price ever recorded for Shentu (CTK) was $0.0025 on December 15, 2018. This low point came during the broader cryptocurrency market downturn of 2018, which saw many cryptocurrencies lose significant value.

Factors contributing to the low price:

• Bearish market conditions: The overall bearishness in the cryptocurrency market during 2018, characterized by declining prices and investor fear, contributed to the sharp drop in Shentu's price.
• Competition: The emergence of other privacy coins, such as Monero and Zcash, created competition for Shentu and made it difficult to stand out in the market.
• Lack of adoption: At the time, Shentu had not gained widespread adoption or usage, which limited its demand and price.

Price History

The price history of Shentu (CTK) has been marked by both significant gains and losses. Here is a timeline of some notable price movements:

• 2018: Shentu launched at a price of $0.05 and reached its all-time low of $0.0025 in December.
• 2019: The price of Shentu began to recover, rising to $0.015 by the end of the year.
• 2020: Shentu's price continued to climb, reaching $0.03 in January. It then dipped below $0.02 during the COVID-19 market crash but recovered to end the year at $0.025.
• 2021: Shentu experienced a significant surge in price, reaching its all-time high of $0.3125 in April. The price then fluctuated throughout the year, ending at $0.15.
• 2022: The price of Shentu has remained relatively stable in 2022, hovering around $0.10-$0.15.

Conclusion

The price of Shentu (CTK) has been influenced by various factors, including market conditions, competition, and developments within the project. While it has experienced both significant gains and losses over the years, Shentu continues to be a popular choice among privacy-conscious cryptocurrency users.