Recently this new player in the market identified as EDOG has been observed ascending its ranks in the Cryptocurrency business. At present, its value is at $ 0.009191 and has only been increased by 1.40% within the last day. Presently, as for its two vital factors, namely the current position on the stock market and its market capitalization, the latter is known to be $0, though it is probable that the company might lack some pieces of information that do not contribute to a distortion of its true value.
The trading volume has already shown $1.75 million within 24 hours maturing that active investors pay attention to the business as well as giving the most perfect liquidity ratios. Depending on trading volume, this means that at such a low price, EDOG has already captured the attention of cryptocurrency pioneers and active traders.
The token supply is 1 billion, and the circulating supply remains 1 billion also. This fixed supply model is generally welcomed by investors and promoters since it is always capable of distorting the value increases due to scarcity. However, the current supply that is reported in circulation at this time is 0 EDOG, and one wonders if it means that this token is still in its pre-listing stage or if the circulation supply of this token has not been changed across this tracking site.
Consequently, the Fully Diluted Valuation (FDV) of EDOG can be estimated theoretically at 9,190,000 U.S.DAL Token. This figure also informs investors of some feelings on the price at which the project can make the product if it does not change price after full distribution.
EDOG’s ranking at #2856 in the cryptocurrency market suggests it’s still in the early stages of adoption and recognition. However, the volume to its market capitalization and price make it favourable for a trading platform to later reignite its growth process.
It like most young virtual currencies, lack of info on the market capitalization and circulating supply of the token challenges the distribution and availably of the token in the market. In particular, prospective investors need to understand such might refer to an early-stage venture that has its respective opportunities and volatility.
The “EDOG” name suggests a possible connection to the popular “dog coin” trend in cryptocurrencies, following in the footsteps of meme coins like Dogecoin and Shiba Inu. This affiliation may indeed be the pan or the curse — in a different sense, it can attract a meme coin trader audience but could be rejected in equal measure by the old-school crypto trading audience.
And as the market of tokens expands, new tokens appear, and give the people new opportunities, such as the EDOG tokenas one of them. Based on the given numbers we get an impresstive current trading position, however, potential investors should do their home work on fundamentals and the project, the team behind who and the prospects once it is invested on.
Over the next few weeks, the market spectators will be waiting whether EDOG can maintain the trading volume, most importantly, advance in the ranking. Major signs to watch out for include any news regarding the progress of the project as well as fluctuations in the trading volume and the kind of liquidity the coins will possess, and last but not the least is circulating supply information.
