A Look at the Price and Recent Gains:
The USELESS token is currently trading at $0.29247, a price that reflects an outstanding daily increase of +32.47%. This explosive growth is a powerful indicator of a major shift in market sentiment and strong buying pressure. Such a dramatic rise is a hallmark of meme coins, where a surge in community interest can lead to massive gains in a short period.
Key Market Metrics and Fundamentals:
To understand the full picture of USELESS's market health, we must analyze its core metrics:
Market Cap: The token's market capitalization stands at $747,784.92. This figure, while still under the one-million-dollar mark, suggests a growing and expanding presence in the market. It shows that the project has successfully attracted a significant amount of capital, even with its tongue-in-cheek branding.
Liquidity: With a liquidity of $687,363.55, USELESS shows a solid level of trading activity. Healthy liquidity is essential for any token, especially a volatile one, as it ensures that traders can execute buy and sell orders efficiently without causing major price swings.
Holders: The number of holders is 350. While this is a relatively small number compared to other projects, it represents a dedicated and growing community. For a meme coin, a strong and active holder base is vital, as their collective excitement and engagement are often what propel the token's value.
Total Value Locked (TVL): The snapshot mentions a TVL of $747,784.92. A TVL that is equal to the market cap is unusual, suggesting that all of the token's value is locked in some form, perhaps in liquidity pools, staking, or other DeFi protocols. This is a very strong indicator of community trust and a willingness to commit to the project.
Conclusion:
A Meme Coin with Momentum
The Binance snapshot of USELESS COIN paints a clear and compelling picture: a meme coin with significant momentum. Its impressive price surge, backed by healthy liquidity and a dedicated community, indicates that the market has high confidence in the project's ability to attract and retain attention. While the crypto market is inherently volatile, and meme coins carry a unique set of risks, the data suggests that USELESS COIN is a project that is successfully capturing the attention of the crypto world. Its journey from a token with a humorous name to a project with a rapidly growing market cap is a testament to the power of community-driven crypto assets.