With the rapid and constant development of cryptocurrency, a new players appears on the market to attract attention of people and potential investors. Goggles operating under the symbol GOGLZ is one of the stocks that has experienced a monumental growth in that it rose to 22.64% in the space of a day. This kind of growth upturn has placed the coin’s price at $0.2823, a fact that points towards a growing demand for this relatively unknown digital asset.
Numbers list it as number 3163 yet goggles is making quite the buzz even with such a short time in the market. The total supply of the coin is limited up to 100 million GOGLZ tokens like its maximum supply. In this fixed supply model it is considered more favourable by investors who liken it to Bitcoin for being scarce hence valuable.
Perhaps the most stimulating feature of Goggles is the current market trends that are part of its analysis. However, the market capitalization of the coin, as well as its supply in circulation, listed a value of $0 and 0 GOGLZ respective of the current time while the price and trading volume remain rather active. This is the reason why it has attracted the attention of crypto analysts, who have sprung up to wonder if maybe the coin is still in a pre-release phase or if there might be a delay in updating all these metrics on the tracking platforms.
All the same, Goggles has been able to garner a 24-hour trading volume of $425,200 without even market cap data available. Such high trading volume argues that there is real demand and depth in excess of the token on the platform, early-stage or not. Another key relative volume calculation, the volume-to-market cap ratio, which illustrates how active trading is a certain cryptocurrency in relation to its market capitalization, cannot be made at this time because data on the market capitalization of cryptocurrencies is missing. The trading volume may be low, but the fact that such a high amount of trading happens every day indicates that traders are interested in the coin and using it in practice.
The current fully diluted valuation of Goggles is $28.23 million, giving investors virtual appraisal based on available or theoretically outstanding tokens. This figure gives some insight into the full value of the project once it is at full distribution and continuing to sell at the price point we have talked about.
Since it is new in the market, those interested in investing in Goggles have a desire to know the technological side and application of the coin. As of now, more specifics regarding the more unique characteristics of the project, coupled with its goals has not been released, however the expansion of the price means that people who purchased it early on, must have some idea of the value of the project’s concept. Daryna recently asked cryptocurrency experts’ opinions on the best approach when investing in new coins, and most of them agreed that it is always prudent to conduct comprehensive research before investing as this sector is relatively young and is constantly changing.
To point out the fact that Goggles is now rising to prominence at a time when the overall crypto market has received heightened attention and has been characterized by heightened volatility and strict regulatory policies. Thus, new projects like Goggles have the problem of how to stand out among numerous similar projects and how to avoid possible regulatory issues.
Users for the stock and the analysts within the investment community will be keenly waiting in the next few days or weeks to see whether Goggles’ will continue its upward trajectory. These elements are shipments, announcements regarding partnership or any technological updates, fluctuations in volumes and liquidity, as well as the final figures representing the circulating supplies.
Being in the fluids of the ever developing ecosystem of cryptocurrencies, coins such as Goggles depict the development and diversification still present in the industry. Although anticipating long-term success of this new digital asset might be premature, the significant performance it showed in just the first trading day gave quite a stir in cyrpto space.
For now, Goggles is still a coin to monitor; however, those eye-opening numbers also have to do with the nature of cryptocurrencies, which are fast and often volatile. Thus, as the project expands and more information comes out, it will be easier to determine if Goggles is set to become a long-term player in the world of digital currencies or just another noble attempt at creating something cool that doesn’t really have much of a purpose.
For now, traders and interested persons will be very keen to monitor GOGLZ as they await to see what the next future holds for this new generation player into cryptocurrencies.
