S is a new addition that has been Attracted the attention of investors and the crypto community S is a cryptocurrency that was also added in recent time. Due to its peculiarities and perspective, S has gained considerable attention of the crypto community. The coin is valued at $0.084413 a token, an improvement of 0.07% over the last one day. But in the light of the current unstable market situation it may be seen as a fairly good achievement for this particular coin.
The overall market capitalization of S would be worth of $1. 76 million and occupies 4687 place among other crypto coins. This figure shows that S has received quite some attention and investors acceptance in the market even though it has only established itself in a short period. In the 24 hour trading S has a trading volume of $ 11351.37 and is ranked 3941. Further, this volume points to a reasonable level of demand and floating supply for the coin to transact with ease and facilitate price discovery.
The current value of VET/Market cap for S is 0.64 % which, is an impressive rate in showing the volume of the coin’s trading in circulation over the whole market capitalization. This ratio on face value assists the investor evaluate the degree of interest of the market in the particular asset in terms of liquidity and may reflect better price discovery at relatively higher percentage.
Another interesting component of S is its supply side. The circulated owned amount of S which has been estimated based on the circulating supply index is 399.17trillion tokens which accounts for a 39.92 % of the total supply. While this large circulating supply sends a signal that the coin is pretty much available to everyone it’s issued to as many investors as possible. The total supply of S is even bigger and equates to 529.18 trillion tokens that show that there is great potential for its distribution in the future.
The maximum supply of S is one of the most daring innovations of this cryptocurrency – it is 1 quadrillion tokens. The intention of such a large supply also offers more range for future evolution of this project, its corporate collaborations, and combined ecosystem. It also implies that current circulating supply expresses only a minimum of total potential tokens indicating the bullish signal for long-term holders If one believes in the underlying project.
With reference to the maximum supply of S tokens, the fully diluted market capitalization is equal to $4.41 million. This figure lets investors understand how valuable the project would be if all the tokens are out in circulation at the current price. Though this is more theoretical one, it can be applied to compare S to other Cryptocurrencies and to make an evaluation of the core holdings perspective in a long term.
Like with any new crypto currency, potential investors should be careful with S and carry out some research. Therefore it is advisable that anyone planning to invest in the project ought to review the white paper, the team behind the project, the technological breakthrough the project incorporates into the cryptocurrency and most significant, the project’s roadmap. Also, there are still uncertainties regarding the legal status of cryptocurrencies in all countries, and any changes in the legislation may have a negative impact on S.
However, they are as follows All in all, S seems to be an intriguing opportunity for those who decided to invest in cryptocurrencies or focused on a sophisticated project and have not obtained the desired results. Due to the vast quantity and relatively low price per token, it’s convenient for both small and big investors from the retail and institutional tiers.
The more the market advances, the creation of such projects as S enables the broadening of the range of potential offerings employing the concepts of blockchain. Whether S will grow to take on a position in the ecosystem of a crypt currency remains to be observed, however it is evident that the certain features combined with the elongated supply plan make the project striking enough to deserve attention.
Therefore, S can be considered as an attractive new entrant to the field of cryptocurrencies. As an indicator of market value, transactional liquidity, and global mission, its market capitalization of $128 billion, daily trading turnover of $1.2 billion, and planned supply of 223 million prove that it can occupy a large market segment in the industry. As with any form of investment, potential investors have to approach it warily, do their research and understand their tolerance to risks before investing in any cryptocurrency including S. The next few months and years will be critical to decide whether S can grow or not and can sustain itself in this competitive world of cryptocurrencies.
