The world of cryptocurrency has emerged new player, which is why investors and fans of cryptocurrency are interested in it. Over the past few days, the digital currency MAWA, known as the Kumala Herris token, has been on fire with its recent performance and placement within the market.
MAWA has performed well over the past 24 hours seeing a 14.26% increase in value. The token gains these surges to a current price of $0.01099, which is a major milestone for a brand new entrant in the cryptocurrency markets. At Rank 3016 in the world, the coin’s market capitalization is $10,992,644.
The trading volume on MAWA is one of the most intriguing aspects of this project. The coin has been traded over the last 24 hours for a volume of $608,041 and currently occupies spot 1231 on our daily volume chart. A growing interest in the token would indicate that investors and traders are now trading MAWA through this level of trading on various cryptocurrency exchanges pulling money in and out of the market.
A cryptocurrency’s stocks to marketcap ratio, or the volume per market cap ratio, is a good indicator of how liquid a cryptocurrency is in terms of trading volume compared to its current market capitalisation and for MAWA the ratio is 5.53% volume per market cap ratio. Based on the proportion of trading activity relative to the coin’s market value, this figure indicates a good level of trading activity, so MAWA seems to have gotten a good weighted mix of trading interest to market stability.
One thing that’s also worth noting about MAWA’s tokenomics. Curiously enough, the self-reported circulating supply of MAWA tokens matches the total supply and then the max supply as 999,999,999. Not only is this a rare alignment between circulating, total, and maximum supply in the crypto world, but depending on the value proposition and future price appreciation of such a token, its significance could be far wider.
Some investors that prefer transparency and equality of supply might view the fact that 100% of total supply are in circulation, as a positive sign (meaning there should be no locked or reserved tokens). Yet along with this, it also means there is no built in token release, which some cryptocurrencies use to manage supply and potentially influence price.
Its current price and total supply also gives MAWA an estimated fully diluted market cap of $10,992,644. And this is the theoretical market capitalization if all tokens were out in the market and traded for the current price. Given MAWA’s case, the fully diluted market cap is the same as the current market cap as all tokens are already circulating.
It is strange, but the name “Kumala Herris” given to the MAWA token itself intrigues me and is probably just a play on words or maybe there is some deeper meaning to what project’s creators or community think that is. The exact meaning of the name or the source of inspiration behind it isn’t immediately evident, but the name brings a unique personal touch to the cryptocurrency, and makes it stand out from many other cryptocurrency tokens in the emerging market.
Potential investors should be aware of the potential with any cryptocurrency and likewise, approach MAWA with caution and research. The cryptocurrency market is volatile, its performance was good for MAWA lately but past performance isn’t an indicator of future results. Before investing in a project a lot is to be taken into account, such as its fundamentals, its use cases, that development team, or even the long term vision.
MAWA’s rise in the cryptocurrency rankings simply points at the dynamical nature of the digital currency ecosystem. Innovating technology, powerful community, or a unique value proposition can very quickly catapult new projects and challenge experienced ones. With the crypto market maturing, MAWA and other tokens are filling in the space as they diversify and push it to the next level.
In terms of MAWA’s future, however, there are several factors that will determine the life and death of the token, including its capacity to continue to attract and develop usage, figuring out real applications for the token, and constantly navigating the murky regulatory seas that surround cryptocurrency. It will all hinge on its ability to forge partnerships, integrate with existing financial systems and provide real world utility.
Through the ongoing growth of the cryptocurrency market and growing mainstream appreciation for money, tokens like MAWA represent a pivotal role in advancing the limits of what is possible in the digital finance world. The future will tell us if MAWA will become a major actorn the cryptocurrency ecosystem, a minor actorn a niche token—however its performance so far and its unique qualities make it worth watching in coming months and years.
MAWA, (or the Kumala Herris token), is a bright spot in the crypto space. Now, with its recent price surge, coupled with the unusual supply mechanics and branding that accompany it, its made a splash with many members of the crypto community. MAWA represents the innovation and diversity that is shaping digital currency landscape, as it evolves.
