Key Metrics Analysis: 1. Price: âą Current Price: $0.9358 (with a significant decline of -11.59%). âą All-Time High (ATH): $1.6356 (on 2024-12-20). âą All-Time Low (ATL): $0.2055 (on 2024-11-20). Insight: The coin has shown substantial volatility in the past month, with a rapid rise from its ATL to its ATH and now declining. This volatility could indicate speculative trading or external factors affecting its value. 2. Market Cap: âą Market Cap: $454.36M. âą Fully Diluted Market Cap: $3.72B. Insight: The market cap is decent for a mid-cap cryptocurrency, but the fully diluted market cap suggests significant potential inflation if the total supply enters circulation. 3. Circulating Supply vs. Total/Max Supply: âą Circulating Supply: 488.17M USUAL. âą Total Supply: 509.67M USUAL. âą Max Supply: 4B USUAL. Insight: Only about 12.2% of the max supply is in circulation. A large future supply could dilute the value unless demand scales proportionally. 4. Volume and Volatility: âą Trading Volume: $251.81M. âą Volume/Market Cap: 55.42%. Insight: A high trading volume relative to the market cap shows strong liquidity, but it might also indicate speculative trading or pump-and-dump activities. 5. Market Dominance: âą 0.0141%. Insight: The coin holds a small share of the global crypto market, indicating itâs not a major player yet.
Key Considerations: 1. Volatility: The sharp price fluctuations (from ATL to ATH within a month) suggest speculative interest rather than steady organic growth. Be cautious of short-term hype. 2. Inflation Risk: With a max supply of 4B but only ~488M in circulation, significant future issuance could dilute the coinâs value.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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