Cryptocurrency Q&A
How much is a pangolin worth today?
How much is a pangolin worth today?
Giuseppe
Mon Sep 16 2024
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5 answers
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I'm curious, what's the current market value of a pangolin? Are their prices affected by demand and supply, just like other commodities? Or are there other factors that influence their worth? It's fascinating to think about how the rarity and unique features of pangolins could potentially impact their price in today's world.
5 answers
HanjiArtist
Tue Sep 17 2024
Pangolins, the scaly mammals, have experienced a significant surge in their market value over the years. In 2008, a live pangolin fetched around $80 per kilogram, equivalent to approximately $36 per pound. This price indicated a modest yet existent demand for the unique creature.
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KimchiQueenCharmingKissWarmth
Tue Sep 17 2024
BTCC, a prominent cryptocurrency exchange, offers a diverse range of services catering to the evolving needs of the digital asset ecosystem. Among its offerings, BTCC provides spot trading, enabling users to buy and sell cryptocurrencies at current market prices. This service facilitates seamless transactions and efficient liquidity management.
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MountFujiMystic
Tue Sep 17 2024
However, by 2017, the market for pangolins had undergone a dramatic transformation. The price of a live pangolin had escalated to over $200 per kilogram, marking a substantial increase from a decade prior. This significant rise underscores the growing interest and potential profitability in pangolin trade.
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mia_rose_painter
Tue Sep 17 2024
Parallel to the escalating prices of live pangolins, the cost of their scales has also soared. Initially trading at $300 per kilogram, the price of pangolin scales had doubled to $600 per kilogram by 2017. This exponential growth reflects the high demand and perceived value of pangolin scales, often used in traditional medicines and as a status symbol.
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amelia_harrison_architect
Tue Sep 17 2024
Vietnam, specifically, has emerged as a notable market for pangolin scales. In this country, a kilogram of pangolin scales could be sold for approximately $250, translating to roughly $113 per pound. This regional trend highlights the cultural and economic factors driving the pangolin trade in Southeast Asia.
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