As one of the most recognised names in cryptocurrency now CZ has joined the market with a digital asset that shares his name. The token now sells for $0.0003325 and recorded a 6.99% spike in the last 24 hours. Its market capitalization is $333731.15 and it occupies rank #3770 among cryptocurrencies. Currently the token’s 24-hour trading volume is $93,846.71 making it #2634 in that list.
The performance indicators for the ZHOA token provide valuable information about its market interactions. Over the previous 24 hours the trading volume to market cap percentage hit 27.98%, showing that trading remains quite active compared to market totality. This points to a heightened interest alongside liquidity for the token despite its more affordable market value.
The ZHOA token’s supply framework consists of an important element. The reported circulating supply totals 1 billion ZHOA and equals the total supply. Being able to see the supply details gives investors confidence in the distribution of the token. The maximum allocation is fixed at 1 billion ZHOA showing that the token’s supply will remain stable.
ZHOA has a market cap of $332 473.8 when it is fully diluted. This number indicates the expected market value if the total maximum supply existed at the present rate. The similarity between this figure and the existing market cap indicates that nearly all of the tokens exist in circulation.
While the ZHOA token bears the name of Changpeng Zhao, it’s important to note that this doesn’t necessarily imply a direct association with the Binance founder. Before committing money to investments individuals are advised to be mindful and do extensive research. Token launches that honour key industry names are a common occurrence in the volatile cryptocurrency market.
Varieties of influences might explain the 6.99% rise in price observed recently including sentiment and specific news about the token. Though short-term changes in cryptocurrency values are often unpredictable and affected by numerous factors.
To determine if they are making a wise cryptocurrency investment move buyers ought to examine the token’s role and the team supporting it along with its future and lasting value. While the low price per ZHOA token may appeal to investors desiring cheaper entry into the crypto market this should not be the only consideration in making an investment choice.
The world of cryptocurrencies rapidly changes as fresh tokens join the market frequently. Not all tokens will succeed and some may vanish into the background. Incoming ventures for the ZHOA token might revolve around its potential to deliver advantages to users and cultivate a loyal community as well as create alliances with other entities in the cryptocurrency market.
With the growth of the crypto market comes an expanded influence from regulatory factors. Individuals should recognise the regulations existing in their area and their influence on buying and holding ZHOA tokens.
The ZHOA token delivers a captivating aspect to the crypto market through its utilisation of the renown associated with a key industry figure. Even if its current market status and past price actions draw interest; future investors must practise caution and carry out thorough investigations before joining in or investing with this or any blockchain asset.
