A lot of growth has taken place in the cryptocurrency market, and we have a new entrant in the market, BTC70000, which is performing really well. Currently priced at $0.011112 it has gained much attention from investors as well as fans. This new coin, BTC70000, has grown by an incredible 42.37 within the last 24hrs making it a contender for the constantly changing world of digital assets.
The market capitalization of BTC70000 is $78.38K at the moment – which indicates the increasing demand for this relatively new token. Analyzing its volume of trade, which is 24 hours, the trading volume has gone up to $20.39K, an improvement of 90.90%. This active trading means more people are using BTC70000 as a form of investment in trading and sharing their sentiments toward the cryptocurrency market.
However, to appreciate what it is, let us look through the rates at which BTC70000 holds supply metrics. An important characteristic of the token is that it has an atomic asset of 70 petabytes (P), which is its total and maximum. Fixed supply caps will very likely lead to scarcity in the future, and scarcity, as is known, is one of the major driving forces in the context of cryptocurrencies. The circulating supply, according to the community, is equal to the total supply, meaning all tokens are in the market.
Market capitalization of the project is equal to $78.38K, what is actually the FDV that reflects the fact that all tokens are already circulating. On the one hand, this transparency of token distribution might be regarded as a plus from the point of view of a potential investor, as he is not to worry about the company’s potential to dilute the value of the tokens issued by him at a later date.
BTC70000’s volume-to-market cap ratio stands at an impressive 26.02%, showcasing the token’s liquidity and trading activity relative to its market size. This company’s indicator is widely used by traders and analysts to determine the general state and the future of cryptocurrencies, with higher values being preferable.
While the token’s recent performance has been noteworthy, it’s essential for investors to approach BTC70000 with caution. The cryptocurrency market is inherently volatile and so are young projects, which tend to have highly fluctuating prices. Any prospective investor is advised to seek professional advice and undertake relevant research on the project basics, the team behind the project and the general sustainability of the project.
Just like any other investment in the field of cryptocurrencies, it is important to know the potential risks. This is because there is little to no regulation in many jurisdictions, and since the market can be easily manipulated, prices change drastically and sharply. Money invested in such stock should be risk capital and Spread the risk in an investment portfolio.
The name “BTC70000” itself is intriguing, as it appears to reference Bitcoin (BTC) and the number 70,000. This can be an effort to ride the Bitcoin wave of success or shot at the target price for the number one cryptocurrency. But before proceeding any further let me clarify that BTC70000 is not a type of Bitcoin and it has to be understood as a completely different type of currency.
As the market progresses, new tokens such as BTC70000 will likely show up as they try to look for their share of attention and money. While some may be successful in the space and begin to set up a camp and become long-term players in the industry, the next may begin a slow disappearance from the space. Such a situation for investors is the best signal to be always alert, enrich your knowledge base, and make your move based on facts and not fiction.
Altogether, BTC70000 has stepped into the list of cryptocurrencies and joined the club by having recently entered the list of choosing cryptocurrencies with an increase in price and volume of trade. In regards to the token, from which we can observe an exceptionally high growth rate, one has to wonder whether it will be able to maintain such a rate and become a major player in the future. Skeptical as it sounds, potential investors should be concerned with the value of new cryptocurrencies with careful consideration for the opportunity to make good money and, at the same time, calculate the risks always associated with this unpredictable market segment.
