They are talking about Sunbeams, a cryptocurrency traded under the BEANS symbol and occupies the 3126th place in the market now, but the news about them makes people turn their attention to them more and more. Initially launched with a crowd sale, Sunbeams is currently priced at $0.00007417, which has experienced a 1.86 % daily fluctuation, as is common with any cryptocurrency. Therefore, Sunbeans offers quite an impressive market capitalization, reaching $49.74 million, meaning investors are willing to invest their money in the exploitation of this company’s products.
As for the outgoing 24 hours, the trading volume of Sunbeans equalis $426,700 and no fluctuation by percentage reported. It means that the market is always active, especially for traders and investors; these shares remain quite active in the market. The FDV of Sunbeans is determined to be $ 65.93 million; it analyses the possible market capitalization of the token if all tokens are available.
Another unique thing I found about Sunbeans is that the total and even the maximum supply of Sunbeans is a whopping 888.89 billion BEANS. Like so many other types of coins this fixed supply model can help create scarcity and therefore value over time as people’s demand grows. At the moment, the circulating supply according to self-reported data is amounting to 684.44 billion BEANS, which means that a vast majority of the total number of tokens is circulating and can be used actively in trading.
The volume to market capitalization ratio is similarly equal to 0.8639% which gives a hint of the Sunbeans’ liquidity to the size of its market. Higher number typically means that there is more trading activity in terms of volume per provided coin’s market capitalization that can be beneficial for the traders who are seeking to buy or to sell at higher and at lower price without affecting the price.
It is also very important to review their performance with reference to the Cryptocurrency market, which is volatile and is experiencing fluctuation in its performance. The public participate in such stuff such as sunbeans because of the possibility of earning huge profits especially from speculation. However, it also implies that use of such assets is risky and requires some measures to be taken into account.
Today’s numbers indicate that Sunbeans has the potential to generate good numbers for its ICO and operates in a promising field of crypto applications. , like with most cryptocurrencies knowledge, innovation, adoption rates, regulation and market sentiments have a direct influence on the future prospects of the digital currency at hand.
Such cryptocurrencie like Sunbeans are probably popular among day-traders focused on short-term fluctations and among indie holders who trust the potential and usefulness of the tokens. This diversity can help foster stability and instability of price fluctuations since differently behaving investors impact the market.
In the same way that you would approach investing in any other security, proper research should be conducted when investing in the Sunbeams. Dissecting the essentials of the cryptocurrency will also encompass the limited supply aspect, the behavior of the market in relation to it as well as its possible application, which will provide essential knowledge for the investors as they make their investment decisions based on the risk-return profile they are willing to take in the current market.
Growth within the cryptocurrency market remains steeper, as fresh concepts launch often while others modify themselves to suit the environment. That is why it is possible for new cryptocurrencies such as Sunbeans to gain their places in the digital economy and existing and compete successfully for clients or find their specific niches where they could meet consumers’ needs.
Anyone who wants to venture into the world of cryptocurrency needs to keep abreast with developments concerning other coins, such as Sunbeans. Influence in the market could change with time due to factors such as advanced technology, the occurrence of macro environments, or changes in political systems.
In conclusion, let’s emphasize the fact that Sunbeans is an interesting project within the universe of cryptocurrencies, given the market situation and its possible trajectory. As with many innovative industries, digital assets are high-growth targets for investment; however, the investment in these assets comes with its fair share of risks and opportunities inherent within this line of business.
In any investment, which involves high-risk business like cryptocurrency, investors are encouraged to diversify in investment as a way of minimizing risk, while improving their rate of return in the long-run.
