@Solayer is making its own niche in the crypto space with a market capitalization of almost $120 million, or around 33.7 billion PKR. Such capitalization is an indication of a strong base for future growth and sustained interest from investors.
What's notable about LAYER is that it has a fully diluted market capitalization of more than $420 million.
That indicates high potential as the project grows towards its one-billion-token supply. As of now, there are only slightly less than 300 million tokens available, indicating there's some space for healthy growth without flooding the market
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Volume for LAYER continues to be busy with daily volume reaching almost $23 million. This volume, compared to its market cap, indicates that the token has a robust market presence and liquidity. It's reassuring to note that this kind of activity enables trading to become more seamless and efficient for all involved.
One that stands out is $LAYER 's platform concentration, which at 28.56 is relatively high. This is indicative of heavily engaged key holders with stability and a good foundation to support the project's future growth.
LAYER has experienced great highs, with its all-time high price value exceeding $3.39 back in the early part of this year. Despite experiencing some pullbacks, it's held up well with a strong floor, showing resilience through market fluctuations. This type of price action points to faith in the project and suggests future growth potential.
For those monitoring up-and-coming projects on Binance, LAYER presents an intriguing combination of solid establishment and upside value. Its consistent volume, decent market cap, and properly controlled token supply present a good prognosis as it gains traction.
Overall, LAYER is a project to keep on one's radar for its solid fundamentals and active trading. It's becoming a worthwhile asset for holders and traders. #BuiltonSolayer #MarketPullback