FINV, one such crypto token most people are quite unfamiliar with, has been on the rise in the last day. With today’s price of $ 0.0001348, the BEE token has gained an incredible 33.79% within the last twenty-four hours, which attracted the attention of various crypto users and investors.
The total market capitalization of the token is at $134,800, a small sum in the world of cryptocurrencies. Nonetheless, compared to other emerging coin, BEE has proved its trading volumes, with the twenty-four hour trading volume of $12,500. This actually show an increase from its previous value by a percentage of 8.26% and the fact on the right side of the ratio represents the liquidity and interest in the token.
In our context, one of the defining characteristics of BEE, especially when compared to some of the more famous cryptocurrencies, is that it has a hard-coded supply schedule. The total number of tokens that is BEE is one billion and all tokens have been created already. This fixed supply model may also have the ability to forge scarcity and possibly increase the value of the token as demand behoves.
The FDV of BEE is equal to its current market capitalization of $134,800, which means that all tokens are already in circulation, and the tokens that may be issued in the future won’t dilute BEE’s value any further. Such coupling between market cap and FDV can be considered a positive sign by some investors to reduce risks associated with the further release of tokens.
It is particularly remarkable as of BEE’s recent performance in terms of its ranking on cryptocurrency tracking platforms. At the present time, BEE is ranked at 4,711 and it is ranked significantly better on this list than many of the other tokens that belong to the same category in terms of their market capitalization.
The volume to market Capitalization (cap) for BEE is at 9.27% which shows that its trading is pretty active n comparison to the company’s size. This ratio implies that there is a lot of demand for the token, which shows that traders trade the BEE token in the market.
Despite the recent spike in price, any person interested in investing in BEE should do so with some caution. The cryptocurrency market is highly unpredictable, and for tokens like BEE that are relatively smaller-sized, capitalization can see a swift change in prices in either direction. Adding to the concern is the fact that there is no data about the project, purpose, or development team that is behind the token.
But as taken with all types of investments involving cryptocurrencies, one needs to do a proper analysis before spending a dime. The new investors should research on BEE, the rationale for BEE, the future of BEE and the reasons behind the recent price changes.
Relative to the cryptocurrency market, the performance of BEE clearly points out that small and relatively unknown projects can yield higher ROI. Still, it highlights the nature of anonymity incorporated in many of the assets, especially when there is scarce information about them.
Looking at such tokens as BEE one has to remember that crypto market still has a lot to offer and to risk. Whether BEE can maintain such result and grow up to the level where it can become a more placed exchange in crypto space remains uncertain but its recent performance will help it to attract the attention of many traders and investors who eager to find the next best thing in the world of cryptocurrencies.
