Liquor is a new generation token with the symbol $LIQ and has quickly made its presence felt in the crypto market. This meme-based coin created to bring dose of fun to crypto space recently listed on various exchanges and seems to be already loved and appreciated by investors and admirers.
Officially released on Sui Network platform, Liquor intends to bring fun and fun element into the cryptocurrency industry. The idea behind Liquor is quite mundane but quite provocative – it is water with a twist, although it can really become a source of massive liquidity in the ecosystem thanks to the target audience, admirers of cryptocurrencies.
The concentration of Liquor is $0.00003305 per token Starting on September 28,2024 tokens overturned by 8.26% within withing the last 24 hours. This recent price movement has attracted the attention of traders and investors seeking oversold/overbought levels of Crypto currencies in the highly volatile Crypto Currencies market. The project has $2,301,962 in a market capitalization, which puts it in position #5419 of all coins that exist on the market.
Another significant feature of Liquor is the overall supply of 69,696,969,696 $LIQ tokens that means that the Liquor token is a deflationary coins kind. This large amount is aimed at making it easy to distribute to all those who show interest in any given material. Notably, the circulating supply, total supply and maximum supply all seem to be the same which means all the tokens have entered the market.
The average 24-hour trading volume for Liquor has been computed to be $3,302.4, an increment of 2.08%. This value, however, remains rather low compared to more popular tokens and can be seen as an embryonic sign of increasing attention towards the token. The volume-to-market capitalization ratio has stood at 0.14 and this means that the trading could explode in the future.
At $2.3 million, Liquor fully diluted market capitalization equal its current market cap. This means that all tokens are circulating, and this is a kind of positive for some investors who do not want to accept further dilution in the future.
Specifically, Liquor project has already declared itself as a memecoin which is the type of cryptocurrencies that started to become widespread due to people’s sharing on social networks and various communities. Despite the fact that memecoins are highly volatile and are generally regarded as a purely speculative niche, their possibilities for extraordinary development and community building have been demonstrated.
Given that the term ‘the party’ has been linked to incorporating into the Sui network it imples that Liquor is dedicated in building a fun and active community within the Sui ecosystem. Such may help in drawing users and developers to Sui Network thus indirectly driving the adoption of the underlying blockchain technology.
Liquor as any other newly launched cryptocurrency, especially in the memecoin category should be invested with caution. The crypto market is relatively quite unstable, and more so, new projects may see their tokens have large swings in their value. However, every potential participant in such assets acquisition must do his/her homework well and also understand possible risks.
The table below will try to present how Liquor has fared since the time it entered into operations Demonstrated below is the Revenue growth by Year expanding from 23.00 in 2010 to 228.00 in 2011. In the last 24 hours, it has positively risen by 8.26% but, it is revealed that it has a downfall of almost 25% from it highest point of $0.0000532 on September 23, 2024. Fluctuations like these are not all that abhorrent for new generation cryptos, particularly memecoins.
From this perspective, Liquor’s performance relies not only on the fundamental factors but also the macro environment of the market, users, and any updates within the ecosystem of the Sui Network. It also needs to introduce and market them in such a way that would keep consumers engaged beyond the initial investment in a new work, which has been an issue for memecoins in the past.
With the market for cryptocurrencies expanding and maturing constantly and with many projects like Liquor out there, everything related to cryptocurrencies proves to be rather versatile and progressive. Unlike older coins that center their objectives on technology and practical use, memecoins, such as Liquor, inject some humor into the market.
In sum, Liquor ($LIQ) a unique cryptocurrency, which combines the features of memecoin and the mission to bring both liquidity and fun to the Sui Network. In any investment within the realms of crypto, the possible entrants should so do with their own risk, time and investigate, and especially put in only what they can afford to lose. The following months are going to be decisive for Liquor as to whether the platform will be able to sustain the current pace over the years in a highly volatile context of the digital assets sphere.
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