NOT or Notcoin has been relentlessly making its presence felt in the cryptocurrency market attracting investors and traders. Any promising business must target a current price of $0. 009638, Notcoin was up by a very small margin yet was a constant increase in the value of Notcoin. for the past day they have risen and fallen by 09% respectively. Although this growth appears quite insignificant, it becomes relevant to analyze factors that lead to its growth within the market as well as possible future development trends.
Notcoin is ranked 70 on the list of cryptocurrencies having the total market capitalization of approximately $ 987, 666 808. The figure below shows that market cap has only grown by 0. 12% shows a slow, albeit positive trend regarding the opinion on the coin. Market capitalization is termed as the level of acceptance in the market in relation to the stability of a cryptocurrency. Market capitalization is regarded to be higher since it indicates that more persons in the global population view a particular coin as less risky.
However, the most striking figure going for Notcoin at the moment is the 24-hour trading volume that is at $493,509,118 as at the time of writing this article. Such a large number is equal to 12 percent of the total fund, which is a sufficient indicator of the attention paid to the development of this sector. Percent increase of 13%, places Notcoin within the top twenty with regards to trading volume at number sixteen.
Higher trading volume is generally an indication of high level of investor’s interest and has been an indication that Notcoin is among the most traded currencies and enjoys relatively high liquidity. Of the various financial ratios to be analyzed for the two companies, this is the Volume/Market Cap ratio of 50. 02% will further emphasize this liquidity, that is half of the people are trading the coin in a single day at its market price. This is a sound sign of the coin’s potential to absorb huge buying or selling pressures that influence its price without a lot of volatility, both of which may be attractive for traders and institutional investors.
Currently, circulating supply of Notcoin equals to total supply which is 102,474,439,122 NOT. Also, since the circulating supply is equal to the total supply it means that all the potential coins are in the circulation and there are no more coins left to be created or to be mined. This means that supply perturbing factors are sufficiently controled and a stable market environment is formed, having a positive effect of stabilizing exagerated fluctuations.
Note that it possesses no max supply meaning that the number of coins that could be in circulation in Notcoin cannot be quantified. This could be a double edged sword. On the one hand, there is no max supply which means that there may be inflation within this economy in the future if more coins are to be created. On the other hand, it provides the developers with certain room for the control over the management of the coin and its ecosystem in accordance with the market needs.
The fully diluted market cap of Notcoin is $987,998,964, which is almost equal to current market cap. This is an indication that the current supply is as much the total potential and supply supply of notcoin and is another affirmation to the fact that the market recognizes notcoin to be stable.
Therefore, it can be stated that Notcoin is occupying a rather large area of the cryptocurrency market with its constant price fluctuations, high trade volume, and relatively stable circulating supply. Its max supply does not yet reveal further dynamics; however, it is still one of the strongest contenders in the market: both, low investors and institutions’ attention. It is rather safe to say that Notcoin is now a part of the top 100 digital assets by market cap and might move even higher with time depending on the market situation. This coin should be observed carefully because in a field such as Crypto, there are very high fluctuations and future outcomes may be different.
+ There are no comments
Add yours