So, GGB or the Gudbrandur Geirmundar Bank Ing (((GGEBI has recently join the list of cryptocurrencies and is based on the exchange network. This digital asset has Indeed, it has attracted investors’ and the crypto community’s attention and has immediately entered different trading platforms and exchanges. The value of GGEBI to date is approximately $0.09115, which is 2.12% higher compared to the value within the last 24 hours.
We can observe that the cryptocurrency market is very unstable and undergoes fluctuations very often, and the same can be said about GGEBI. It is currently #5997 in the list of all crypto coins, with a market capitalization of $ 9,120,095. From this positioning, it is possible to pinpoint that GGEBI is still rather a young platform but has already earned its place within a rather extensive and competitive environment of the crypto market.
Trading volume is one of the most important parameters that reflects the performance of any given cryptocurrency. GGEBI has displayed promising activity in this respect and for the last 24 hours, it was trading at $755.56. From current figure, it shows that there is an increased interest and acceptability of the token by investors with 21.67% increase in the figure. Measuring the volume to market cap ratio which shows that the trading volume, which is small at 0.01%, in relation to the overall value of the tokens.
It can also be used in the evaluation of its potential value as well as its scarcity level, factors that can be easily understood from the supply side of a cryptocurrency. GGEBI presently states that there are 100.01 Million GGB tokens in circulation, out of the 1 billion maximum supply. The maximum total number of tokens created is 1 billion GGB which is also among parameters defining future value of the token. However, at the time of this article, the quantity of total supply is stated to be 0 GGB, and it is not clear whether this is due to the fact that the token distribution is still ongoing, or if there is missing data in the report.
The market capitalization by max supply is $91,150,930 where GGEBI has means of communication in the market. This metric gives an insight on what the total supply of the token will be worth at current market price if it were to be launched in circulation.
Like with any new entrant in the world of cryptocurrencies, investors and those interested in the GGEBI should approach the cryptocurrency with both interest and apprehension. The crypto market has been associated with high risks and high returns, and many new tokens demonstrate considerable fluc/tuations in the first days of trading. Any potential stakeholder should first acquire detailed information about several aspects of this endeavor: the practical application, technology, people involved, and plan.
The coming to the market of GGEBI is taking place in the period where the use of cryptocurrencies is rapidly developing and the number of new ideas is constantly increasing. New projects are being created on a daily basis, with each new project intending to address specific challenges or provide new synergistic solutions in the world of blockchain and especially DeFi. As highlighted above, the key success factors of GGEBI will therefore be the organisation’s operations to distinguish itself and deliver clear value proposition to its customer base and shareholders.
Just as the crypto community starts to understand and dissect GGEBI new questions are bound to arise, pertaining to its protocol, its governing structure, and potential use-cases. Such factors will shape the demand and sustainability of the token in the presence of other cryptocurrencies in the emerging and highly saturated market of cryptocurrencies.
The reader should also note that the cryptocurrency market is greatly influenced by several external factors such as regulatory change, new technology, among others. These elements may either enhance or impede the performance as well as multimedia reception of new tokens such as GGEBI.
Potential investors and consumers of GGEBI should certainly keep appraised of its developments and be aware of the quite unfavourable conditions typical for cryptocurrency investing. Of course, diversification and risk management always have to be the focus when dealing with the highly unpredictable crypto markets.
The future weeks and month shall be decisive for GGEBI as the exchange has yet to enter the stage and gain a firm foothold within the world of cryptocurrencies. Market players will be keen interest in its price fluctuations, traffic and any other communication that can affect its trend.
In conclusion, GGEBI is another additional to the already list of cryptocurrencies that people crave to possess. Investors showed some demand in the token by the way its early performance and market data look; however, like it has been mentioned earlier, all new projects in the cryptosphere will highly depend on the variety of factors. In order for GGEBI to thrive in the future of cryptocurrencies GGEBI will need to find its specialization and prove how it is valuable in a more crowded landscape.
