Cryptocurrencies have recently become a popular form of investment as the digital currency market continues to expand, and a new giant has appeared among them. As an altcoin, Suilama or SUILAMA is one of the newest equities, which reacted to that challenge by increasing its price and trading volume immensely.
In the past day, Suilama has pumped by 11.37 % and is currently priced at $ 0.000156 for every token. This upward trend has placed the cryptocurrency at 3073rd position in the worldwide crypto rankings, not a bad achievement for a cryptocurrency that has just entered the market.
Currently, the token has a market capitalization of $1,63 million, which shows the continuous increase in investors’ confidence and interest in the project. Much more significant is the significant increase of 52.30% in the 24-hour trading volume, which is $514,030. This is the activeness of trading volume signaling that both the retail and probably institutional demand for the asset is increasing.
With the Suilama’s fully diluted valuation, FDV equal to $1,560,000, the market cap proximity demonstrates a sustainable tokenomics model. The volume to a market cap of 31.52% also means investors find it easy to trade in the altcoin, which is an important metric given the volatile nature of the crypto market.
This feature is also among the factors giving prominence to Suilama. It has a hard-capped TLV of 10 billion tokens. The circuit was designed for additional control of the supply, similar to the existing cryptocurrencies such as bitcoins, which have a scarce value as the demand rises. As for Suilama tokens, unlike some other cryptocurrencies, all tokens have been distributed, and none is outstanding, which may help stabilize the value of the coins. No more new supply will be released in the future, which will prevent further dilution of the value of these coins.
The specifics of the use case and the technology behind Suilama still need to be defined, but the recent performance of the project has definitely attracted attention in Cryptoland. Rising by double-digits in a 24-hour period, let alone in a market deemed to be volatile, has led traders to engage in debates regarding how the token can continue to rise.
However, like with any other Cryptocurrency investment, investors are advised to approached with caution. The crypto market has always been characterized by a high volatility and the newer tokens are even more volatile. For anyone willing to invest in Suilama, it’s advisable to take time and gather deep information regarding the company’s basics, team, and the future plans.
The story of Suilama also sheds light on another feature visible within the cryptocurrency market: the tokens are being launched really constantly, and new projects are trying to gain their share in the market and investors’ focus. This means that under no circumstances can many tokens provide a vague or unspecific set of uses or features, and they require a niche within the overall technology landscape and population that they will be servicing.
As Suilama develops further, the prices and penetration rates of its product will capture interest among industry observers. It will take a few weeks or even months to define whether this token will be able to continue its growth and become a main actor in the cryptocurrency market.
Special attention of the crypto community is paid to the study of the technology behind Suilama and its potential usability. As more data will be released it may also affect investors’ attitude and the token’s valuation more.
For now Suilama is another innovative product of the altcoin market. Presently, with recent spurt in its price and trading volume indicating rising market interest, like any other cryptocurrency, its future depends on continuously shifting and unpredictable obverses of the financial space.
Such tokens as Suilama prove that the crypto space is developing and the financial industry is becoming more accessible to people. It is yet to be seen whether Suilama will remain among the popular and firmly established forms of cryptocurrencies or remain a fleeting phenomenon, but its presence and the results obtained can be of definite interest to both fans of the new type of money and investors.
In the next few days and weeks the world will be observing Suilama and analyse whether it will be able to push up for more success in that highly competitive area of cryptocurrencies. As always the potential investors are advised to continue doing their research, diversify their portfolios, and be rational while investing in any new project in the cryptosphere.
