For those unfamiliar with the rapidly expanding world of cryptocurrency, there is a fresh addition that has attracted investors and memes alike. PussFi is a newly launched project operating under the symbol PUSS started its journey in the crypto world.
PussFi has just appeared on the scene and is currently selling at $0.005071 per token. This price range still seems to be quite appealing despite the fact that they have been rising by about 6% over the 24hr timeframe a factor that may be attributed to initial attraction of traders and investors. Currently, the circulation supply of the coin is 28,320,431PC, and, as of the time of writing, has market capitalization of $5,077,871, ranking #3681 in the large crypto world. Despite such ranking it is significant to note that PussFi is a relatively new site and its progress up this list has been quite meteoric.
Another feature of PussFi is the trading volume which causes lots of interest and curiosity. 24 hours performance shows that this coin has had a volume of $99,996.16 to make it the #2511 in the trading activity. Such volumes of sale and purchase, particular in this period when the coin is still new in the market affirms its liquidity and investors traffic. Volume to market cap ratio sits at 1.97% which is a standard volume for the market in relation to its value.
First of all, PussFi has properly thought-out tokenomics, which also takes a crucial role in attracting users. The total tokens developed in terms of PUSS is 1 billion and presently 1 billion tokens are circulating into the market. This moving in tandem of the Circulating supply with maximum supply to indicate that all tokens are now in the market can be viewed as positive signal to the prices and the level of transparency. The market capitalization by providing a fully diluted value of the coins reads $5 070 570, and that smothers the current market capitalisation value.
PussFi’s premise seems to follow on the heels of other animal-themed meme coins that emerged in recent years. It is inspired by Dogecoin and Shiba Inu but this one is going to take the Internet’s obsession with cats and integrating this with decentralised finance. Due to this apparent mix of popular cultural phenomenon with the existing movement of digital currency, this asset may attract investors regardless of the level of their experience: from rudimentary anonymized crypto-trader to pop-sensitively stimulated cat-lover.
However, still to date, the scope and practically applicability of PussFi are yet to be determined but many meme coins have started their journey and gained extreme popularity through strong communities and having a strong ground on social media platforms. This is where taking a cue from other crypto-related terms is useful: the ‘Fi’ in PussFi hints at future developments in DeFi. In future stages of the project, it would be great to know how or what novelties the PussFi team will add to spice up their token amid an array of meme coins.
Before investing in PussFi, the investors should note that Meme coins and the crypto market as a whole has a high volatility. While there have been a positive start to PussFi, a price increase of +6% within 1 day, the meme coin market is commonly characterized by high volatility and a large focus on the speculative nature. It is therefore important always to do the necessary homework and assess own aptitude towards risk taking apart from the actual market research.
One might view PussFi’s relatively low market cap as either an opportunity or as threat. On one hand, there indicate a great potential in case if the project will start growing, and more people invest in it. On the other hand, it also creates a belief that the token prices can be far more easily manipulated or subject to spikes in demand.
These are important elements for the success of the PussFi platform as future investors and users of the product will likely follow the further evolution of the company and blockchain in this niche. With a large number of meme coins appearing in the crypto market, the main effect depends on the activity and progression of the PussFi’s team in the following weeks or months.
In conclusion, it is possible to state that PussFi is a new and promising meme-coin. That branding based on the cat theme, the preliminary high-performance experience based on the price spike and a possible connection to DeFi has established it as an exciting project during its early days. While the market of cryptocurrencies is progressing through further changes and concepts, PussFi is a living example of new ideas and trends still expanding the field, wrapped up in jokes, camaraderie, and fintech. As to whether PussFi will reach new highs like the other meme coins or occupy a separate vertical in the huge crypto universe is still unknown, but it has attracted the attention of the cryptocurrency community and became part of the bag of many early-stage traders.
