It has been quite a notable progression in the cryptocurrency market especially as Life (LIFE) token is looking to garner more activity. LIFE is currently #3688 on the cryptocurrency market rating and has grown 3.62% during the last 24 hours to cost $0.0001126 per coin. This increase has come at the backdrop of explosive volumes in volumes suggesting more active participation from stakeholders such as investors and traders.
At the moment, life has $113,150 of market capitalization which demonstrates the situation of a relatively young but still insignificant participant in the global cryptocurrency market. Nevertheless, the token has engaged the attention of the market players because the trading volume of the token in the last 24 hours is about $181,380 – up by an appreciable 454.09%. These volume statuses indicate increased trading activity and, by extent, presumed interest in the project.
The VTM chart for LIFE is 161.39% which states that the daily trading volume of the token is much higher than its market capitalization. Such a high ratio can mean higher liquidity and trader interest; usually considered a bullish signal in the short term market.
Can there be a better picture of tokenomics in life’s context? What is striking is that the total supply of the token is stated to be 0 LIFE and it is still under investigation if this is a reporting error or if Decentral has a different tokenomics model but the maximum supply is 999,950,000 LIFE tokens. Interestingly, the circulating supply based on self-reported numbers is close to this figure, indicating that all tokens are outstanding at present.
Life’s fully diluted valuation (FDV) is $112,570, which is quite suitable to the current market capitalization. This means that most or even all of token supply is circulating, suggesting that potential token dilution issues may not be as big a worry for investors going forward compared to what is reflected in market cap and FDV of these assets.
Like any other digital currency, particularly those in the lower ranks, investment in digital currency should be taken with quite a lot of precaution. However, these achievements have been accomplished with higher volatility risks than yesterday’s price increase and today’s volume surge. Cryptocurrency market is volatile, and small coins such as LIFE can experience high volatility within a short time.
Like any other, Life has been experiencing stiff market competition over the years, and therefore, the company’s continued performance to these objectives will be vital in the long-run. Such recent active stir will help investors and enthusiasts to keep an eye on how this activity will yield positive results on the growth and consumption of the LIFE token.
