There appears to be a return of market fitness in altcoins, and Slavi Coin (SLV) seems to have produced some impressive performances. Previously ranked at #19826, SLV has gained a massive 12.52% surge in its price overnight and is currently at.0003599$.
Currently, market capitalization of Slavi Coin is $486,510 indicating continued demand for this relatively unknown token among investors. While Sushi has only a rank of 46 in the crypto market, the current price increase has captured the attention of altcoin hunters seeking to capitalise on the rising Sushi prices.
However, by looking at the fully diluted valuation (FDV) of Slavi Coin at $273,260, it is below the current market capitalization. Such situation implies that the total supply of the token could be greater than indicated, or there could be some disparities in the data available.
This makes the total outstanding supply of Slavi Coin 759.27 million SLV, equivalent to its maximum supply. The self-claimed circulating supply appears to be 1.35 billion SLV, but this figure is even higher than the claimed total supply figure. This begs the question about its distribution and tokenomics, which any potential investor should research further.
Notably, the 24-hour trading volume in Slavi Coin is stated to be $0 despite the rising value in its price. Nonetheless, this non-trading accompanied by price changes may be attributed to low liquidity or problem in the reporting of data from trading exchanges.
It also sees a chance to become an all-in-one Cryptocurrency platform through the use of Slavi Coin. As stated in the project’s whitepaper, they aim to provide such amenities as a simple purchase of cryptocurrencies using bank cards, the possibility to utilize cold wallets, as well as an opportunity to utilize different DeFi platforms. SLV token is designed to act as the predominant means of payment within this environment.
Although the recent acquisition price may provoke more attention for merely expecting the price to increase, any investor should proceed with caution when it comes to investing in Slavi Coin. This shows that particular care must be taken when analysing information which relates to supply and trading volume especially when investing in volatile asset like the bitcoins.
While the ecosystem for cryptocurrencies is still relatively new, tokens like Slavi Coin may remind those invested in the market of the fact that some tokens can be highly idiosyncratic in nature. Whether SLV can sustain its rising trend and provide for the features it had promised, remains a question mark but it has undoubtedly captured at least a fleeting glory of the dynamic world of virtual currency trade.
