IO. Formerly known as the internet of things (IoT), the concept of IO is steadily advancing in the field of cryptocurrencies, based on strong market currencies and increasing demand among investors. Currently priced at $1. Other Quantitative Data: from 66, IO has seen a 2. In terms of percentage, it has had a 50% increase in its value over the 24 hours, indicating the exuberant demand it garners in market dominated by risk tolerant crypto investors. These recent price changes suggest that IO could offer this market something that no other participant has – namely, the strategic location and an increasingly hefty market cap.
Market capitalization of IO at the current price is about $ 157. 95 million and that ranks it at 240 in the list of popular cryptocurrencies in the world. This ranking shows that IO is in the middle of mid-cap companies, and therefore should be able to expand and attract more investors into the firm. The total supply is 95000000 tokens while the circulating supply is just 9900000 tokens or 11%. It had a total of supply of 800 million tokens with 88% of the tokens sold to the public. The current circulating supply of EOS is relatively low which points to the possibility of appreciating price as more of this token is launched into circulation so long as it continues to find demand in the market.
The 24 trading volume of IO is notably large at $65. 49 million, thus takes its position on #67 as for the frequency of trading. This huge volume in comparison to its market capitalisation gives the stock a volume to market capitalisation ratio of 41. 44% giving a perception that a large percentage of IO’s market capitalization is turned over daily. A high trading volume is usually an indication that there is a lot of interest among investor, adding to its liquidity both by intraday traders and those, interested in long term investment in IO.
Perhaps one of the most striking features of IO is that. Net’s fully diluted market capitalization is $1. 33 billion. This figure represents the maximum market capitalization of IO should all the tokens that are planned to be produced, that is 800 million tokens, are in circulation. Using the comparison between the current and the fully diluted market caps, it is possible to conclude that there is great potential as long as IO grows along with the influx of the new tokens. Along with the revealed current price level, it shows that IO has the potential for further growth and therefore can be considered as one of the high-potential assets in the sphere of cryptocurrencies.
Today’s picture in terms of ranking is backed up by the fairly low circulating supply and significant trading volume, which form a solid base for further growth in the price of the asset. The 2. Last day 50% jump in price might not look like a breathtaking pace, but in terms of market cap and trading volume it points to rather organic and sustainable growth line. And with more tokens being gotten out and as the market capitalization increases, IO could gain a lot of value as seen in the favorable market conditions above.
In summary, IO. net (IO) is a cryptocurrency with solid foundation currently and has lion share chances to grow in the near future. With a high trading volume and a relatively low circulating supply along with a large fully diluted market cap it is worth keeping an eye on in the coming months. IO can be of great interest to mid-cap investors seeking a digital asset with high growth potential that will yield an outstanding return in the near future. net thus offer the attractive portfolio to investors. But the same as with any investment, especially in such an exotic as the cryptocurrencies, one should research the market and consider possible risks before investing.
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