One of the newest additions to the list of available cryptocurrencies – Lemonrocks – has been showing great results in the rapidly growing market of digital assets. Also known as LEMON, this crypto coin selling under the tag LEMON has attracted the consideration of many traders. At the time of writing this, Lemonrocks is at $0.02839 – amazing, when having in mind this cryptocurrency has grown by an impressive 16.38% in the space of 1 day.
The total market capitalization today is $28,393,333, making it #2722 in rank on the market capitalization list of cryptocurrencies. These interest and confidence have reflected on the valuation of Lemonrocks by different traders and investors smiling to. Currently, the coin actively trades at $3,963,016 in 24-hour volume that puts the token at #555. Such a large trading volume means that the market has high liquidity or, in other words, many participants are involved in buying and selling this or that cryptocurrency, which is particularly important for any coin in terms of sustainability or growth.
In this case the token supply structure of Lemonrocks has very clear supply given as follows; As per the circulation rates self reported by individuals within the block chain, the supply circulating of the LEMON tokens stands at a figure of 1000000000 total supply as well as the maximum supply. Such correlation between circulating, total, and maximum supply points to a rather transparent and simple tokenomics, which can be attractive to investors pursuing for clarity of a project’s economy.
The market capitalization of Lemonrocks in terms of maximum supply is also $28,393,333. This figure explains the probable future worth of the particular project, in case, all the tokens are available in the market at the prices which we are seeing currently.
One of the things worth pointing out is volume to market capitalization ratio and at the moment it is at 13.96%. This ratio is used by the analysts to understand the degree of the trading activity to the size of the market coin. A higher value normally implies higher turnover activity and the investors’ ability to trade securities more frequently.
Some details of the Lemonrocks project and the specifics of its use case and technology that can be used for issuing the coin are not given in the provided information whilst overall indicators show that the coin has attracted a lot of interest of the market even in a short period of time. New issues tend to struggle to gain their footing in the crowded digital currency landscape, but Lemonrocks seems to have made a good first impression.
New crypto coins and tokens should however be taken with the Most part of Caution by investors and Crypto enthusiasts alike. Cryptocurrencies are rather unstable and newly launched assets can demonstrate high volatility during several weeks. All those intending to invest in the project should research the project in terms of sustainability, individuals behind the project and the technology used in the project.
Albeit 16.38% increment within 24 hours is quite appreciable but at the same time it also appears quite more volatile as compared to traditional investments in stocks. Such a high turnover can be caused by fluctuations in market sentiment or by the progress of some projects, or by changes in the entire crypto market. Anyone with an interest in making an investment needs to look at the outcomes on the upside and downside of an investment.
Like any other cryptocurrency, the Lemonrocks’ future is likely to be determined by the factors explained below. These may include the strength and innovation of the basic technology, can the development team deliver often and well, does it address real-world needs, does it create a vigorous user community? The project’s plan, partners, and popularity will also help to understand further success and usefulness of the project in the context of cryptocurrency.
Thus, Lemonrocks has embarked on its path in the cryptocurrency market entering it with rather great action and solid initial results in terms of trading volume. It’s clear token supply structure and market metrics have placed it as one of the cryptocurrencies to watch. Nevertheless, the same as with other investments in the crypto sphere, the possible investors need to get prepared for possible threats, do appropriate research, and assess their tolerance to risk before getting involved in this new kind of token. The further months will be decisive for strengthening Lemonrocks’ positions and embarking on prospects as a participant in the capacious and constantly developing sphere of cryptocurrencies.
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