Market capitalization, often shortened to market cap, is a fundamental metric used to gauge the relative size and value of a cryptocurrency. It represents the total market value of a coin's circulating supply. This article provides a clear overview of market cap, its significance, and how to interpret its data.
Market Cap Price Performance (USD)
The current price of the featured asset is $0.0000038409. Over the past 24 hours, its price has decreased by -98.15%. The current circulating supply is 999,974,046 tokens, with a maximum supply also being 999,974,046 tokens. This results in a fully diluted market capitalization of approximately $3,840.80. All price data is updated in real-time.
About This Digital Asset
This specific digital asset is a decentralized cryptocurrency that utilizes blockchain technology to secure its transactions.
Why Consider This Investment?
There are several theoretical reasons an investor might consider a digital asset like this. Firstly, its decentralized nature means it is not controlled by any single entity or financial institution, offering an alternative to traditional fiat currencies. Secondly, a limited supply can, in theory, create scarcity and potentially influence its value over the long term. Furthermore, as a global digital currency, it can facilitate international transfers without the need for intermediary institutions.
If you are looking for an alternative to traditional currency or a decentralized investment option, assets of this nature can be intriguing. However, investing in them involves navigating significant complexity and volatility. It is strongly advised that you conduct thorough research and understand the potential risks before committing any capital. For those ready to explore further, you can view real-time market data and analysis on a major exchange.
How to Buy and Store Digital Assets
To acquire a digital asset, you can typically purchase it on a cryptocurrency exchange or through a peer-to-peer (C2C) market. Once purchased, secure storage in a digital wallet is essential. Wallets generally fall into two categories: hot wallets (software-based and connected to the internet, stored on devices like your computer or phone) and cold wallets (hardware-based and stored offline for enhanced security).
Frequently Asked Questions
What is the current price and recent performance?
The current price is $0.0000038409. Over the past 24 hours, the price has seen a decrease of -98.15%, highlighting the extreme volatility that can be present in this asset class.
Where can I trade this specific asset?
Trading availability for specific assets changes frequently. You will need to check the listings on major cryptocurrency exchanges to see which platforms currently support its trading. Many exchanges offer notification services for when new assets are listed.
What causes the price of a digital asset to be so volatile?
Like other digital assets, the price is subject to significant fluctuations driven by the overall laws of supply and demand. In the short term, prices can be particularly volatile as market sentiment and trading volumes change rapidly.
How much is one token worth today?
One token is currently valued at $0.0000038409. To get the most accurate and up-to-date price information and charting data, it is best to consult a dedicated financial data platform that offers real-time cryptocurrency charts and professional trading tools.
What exactly are digital assets and how do they work?
Digital assets, including cryptocurrencies, are digital representations of value that operate on a technology called blockchain, which is a decentralized public ledger. These assets have various properties and use cases, which can be explored in detail on educational resource platforms.
What was the origin of these digital assets?
Interest in decentralized finance grew significantly following the 2008 financial crisis. Bitcoin offered a novel solution as a secure digital asset on a decentralized network. Since then, thousands of other digital tokens and assets have been created, each with its own proposed value proposition.
Disclaimer: This content is for informational purposes only and is presented "as is," without warranty of any kind. It is not intended to represent endorsement or recommendation of any digital asset or investment strategy. The accuracy or reliability of user-generated or third-party content is not guaranteed. This shall not be construed as financial or investment advice. It is crucial to evaluate your financial situation, investment objectives, and risk tolerance and consult an independent financial advisor before making any investment decisions. Past performance is not indicative of future results. Investments can be volatile, and you may lose the value of your investment. You are solely responsible for your investment decisions.