VENKO is right now ranked at #2936 in the global market, but it seems to be doing rather well lately. Catching the attention of investors and other people interested in cryptocurrencies, the token has experienced a great increase.
VENKO is today present at the trading price of $0.055242, which is quite a rise of 9.66% from the prices of the past 24 hours. That is, the absolute increase of two digits within the context of cryptocurrencies, which is an extremely fluctuating market, has an impressive parameter in terms of percentage.
VENKO is currently occupying the $5,24 million market capitalization, which did not change after the price rise. This market cap when compared to other major altcoins can be deemed as rather small but in the case of VENKO the 300mln cap means a lot and shows the investors trust the project.
Let me start with one of the most evident indicators of the growing fragment, and that is the turnover of VENKO recently. In the last one single day the token has a trading volume for $ 1.12 million and this is a raise of 8.32 %. It raises the probability of demand and liquidity increasing for the token in the future, which is a favorable sign for the token.
There are 1 trillions tokens in the total supply of VENKO tokens and as well as in maximum supply and according to the provided information there are self-standing circulating supply. Investors consider this kind of alignment between total supply, max supply and circulating supply as a plus as it gives an understanding of how scarce the token is and its ratable for future appreciation.
The volume to market cap ratio is 21.40 % in VENKO, and it can be considered rather high. This one is a measure of volume that is trading against the market capitalization of the token to give information on its liquidity. Higher ratio usually suggested better position in liquidity and this is could be appealing to the traders seeking for the assets that have deep market.
Potential investors should come into any form of cryptocurrency with some caution, and that’s the case with VENKO. The token has been ranked lower compared to other cryptocurrencies and it has one of the lowest market capitals, which makes it more volatile than other cryptocurrencies. Please remember that before making any investment decisions, it is crucial that one carries out a feasibility analysis.
However, despite these risks, the fact that the volume has recently grown, and the price has jumped several times, could mean that the project has become interesting to more people. This means that, depending with the day that the market closes, one can find many tokens below the top 100 ranked tokens quickly gaining market attention.
The sustainable development of VENKO will be determined by its technology, application, developers and the general environment. This way, tokens like VENKO are the indication of the further development and diversification on the crypto market.
All in all, VENKO is now yet not widely known in the world of cryptocurrencies, however recent activities have shown good potential for the token. It has some pretty impressive price action and, most importantly, has witnessed good buy volumes, thereby attracting more attention from the crypto community. Again, the issues here are not unique to GRIN in that this and all other cryptocurrencies are high-risk investments that must be approached with the necessary caution in a volatile market.
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