Due to the rapidly developing market of cryptocurrencies, which has been developing for some time now, Digital token COFFEE is at #4018 in the global markets for cryptos today, yet it has been garnering attention recently due to its performance and different spin toward the blockchain.
At the time of writing, COFFEE has been gaining value sharply, reaching $0.005888, a 9.03% rise on the last day. This upward trend has attracted the attention of many traders who are interested in potential high-risk-reward ratio investments in the crypto market.
ALIS token market capitalization is at $583,750 at the moment, which indicates that investors are getting more interested in the project. In comparison with giants of digital currencies, this figure might seem low, though it is still a good foundation for a company that appeared in this market not so long time ago. The fully diluted valuation is 588800/, which shows that there is space for development as this project also moves forward to other levels.
However, trading volume is one of the more remarkable features seen in COFFEE’s most recent year of operation. In the last one day of trading, the token has recorded a trading volume of $54,130 and has risen by a record 151.90%. This implies increasing demand and availability of trading pairs associated with the COFFEE tokens market.
Out of these, the VTM percentage stands at 9.27% of the volume-to-market capitalization ratio, which looks interesting. A high ratio of trading indicated here means that COFFEE is trading more than it should within the given market size, a sign that there is most probably a surge in the market participants and an incremental adoption level.
Thus, COFFEE tokenomics remain clear and introduced; the total token number is 100,000,000. Notably, the project reports traffic status and reveals that all 100 million tokens are in use at the moment, which make the supply fully distributed. Said approach to token distribution may be viewed as a definite advantage for some investors due to the exclusion of potentially dilutive matters as well as a focus on the unification of all token holders.
From the informations included in the COFFEE is not much that can be said about the use case of the project or the technology behind it but the token’s performance appears to have resonated with a subset of crypto users. It’s also not surprising that this project is experiencing increased trading interest as like many other initial cryptocurrencies, they are actively developing their applications and use cases.
Here it is important to signify that overall cryptocurrency market risky and tokens like COFFEE more risky as they have a small market capitalization, and their price is fluctuating most of the times. It is still important for any investor to seek necessary research about the various cryptocurrencies and also learn the risks that involves before investing.
COFFEE token has been through a wild ride, and the investors are now wondering more about the technology behind the token and the people who are behind this project. In light of this, members of the crypto community will be particularly curious to know more about how exactly COFFEE is going to position itself in a rather saturated market of cryptocurrencies.
The name of the project – COFFEE – can raise viewers’ suspicions that the project is related to the coffee industry or is oriented on transactions connected with coffee products. Still, such a conclusion can be made only with a number of reservations based on the lack of additional data. In this regard, a large number of crypto projects use easily recognizable or easily remembered project names that may be loosely linked to the activities of the project.
The more COFFEE gathers followers, the more important becomes the need of the project to be transparent and share its plans with its audience. Some meanings can form successful communities around tokens, that will involve users and developers and spend time on project.
The next few weeks and months will be decisive for COFFEE since the company will try to continue its growth. Others investors in cryptocurrencies as well as fans are waiting to see whether the token will continue moving upwards and become one of the main assets in the industry.
When viewed in the context of other cryptocurrencies, that of COFFEE are to be more indicative of the constantly volatile environment that is the crypto market. As it stands, big-name cryptos such as Bitcoin and Ethereum take center-stage, however, there is always that slot open for creativity and new projects to grab a piece of the enthusiasts pie.
As the market develops, projects such as COFFEE demonstrate that the development of the blockchain field remains both active and diverse. Whether COFFEE will continue to exist as another long-term addition to this emerging market remains to be seen, but based on the latest trends, many members of the community are definitely excited about the possibility.