One of the newest entrants into the world of cryptocurrencies is Ceremonies AI known as SAGE. The latest data on SAGE puts it at $0.02531 for a recent gain of 18.65% in the market over the past 24 hours. This upward trend has attracted attention of most crypto traders and investors with anticipation of finding new and promising altcoins to invest in.
Ceremonies AI currently has a market capitalization of $2.28 million, ranking it in #4202 in the list of global crypto. It might not sound too impressive compared to the significantly larger and older coins but prospective investors should remember that the crypto market is still in its early stages, and, therefore, novice coins may go through development at a faster pace.
Obviously, SAGE has some achievements in recent trading performance, particularly in 24h trading volume that has risen by 108.28% to $36 232.96. The enhancement in trading activity level reveals that the token has gained more attention and market depth. The volume to market cap ratio, a measure of trading intensity of a cryptocurrency against its market capitalization has a figure of 1.59 %.
Ceremonies AI claims to circulate ninety million SAGE tokens, which is ninety percent of the total tokens of SAGE. Authorized supply and the issue of maximum supply has been set at one hundred million SAGE which shows that there is limited number of coins that will exist. This scarcity factor can help to file the token on the basis of grants and if the demand for the token increases over time.
The market capitalization of SAGE , when using maximum supply is $2,530,678, which is roughly the number of ‘coins’ in circulation. This figure offers some indication of how much more of all SAGE tokens, if all were to be in the market.
This price increase coupled with the having trading volume is another positive for Ceremonies AI nonetheless, any type of crytocurrency investment requires more careful consideration. Cryptocurrencies have always been very sensitive to price movements, and especially the smaller cap altcoins such as SAGE may behave just as ‘wild’ in both increasing and decreasing aspects.
Interestingly, the wider cryptocurrency market has been somewhat volatile lately, and most of the digital coins out there were undergoing the usual volatility. In this regard, it is worth using SAGE’s performance recently, which may also suggest increasing attention to the project behind the token.
For those who are willing to invest in Ceremonies AI it is highly advisable to research the project’s utility, the team behind it, the laid out plan, and the community. These factors might give good reference points of the future value of the token beyond the volatility of its value.
However, this must be done alongside looking at the general market trends as well as their ability to have an impact on small cap crypto currencies such as the SAGE. As with any investment, changes in the regulatory landscape, progress in technology in the blockchain space, and changes in investor sentiment will likely all go some way to determining the future of individual coins and the digital currency space in general.
Like any investment in the cryptomarket, the focus should be on reasonable diversification and risk management strategies. Of course, the opportunities to get greater profit are very inspiring, but in this case, as well as in the previous one, it is required to invest only that amount of money that it is possible, and not to demonstrate reckless behaviour, risking the main funds.
All in all, Ceremonies AI (SAGE) has revealed some positive trends over the news on its price hike over the recent days as well as the increased trading volume. However this is a relatively small cap cryptocurrency and as such it does come with its own risks and associated volatility. To its potential investors particularly those who are interested to invest in SAGE, the following points of consideration can be made; Potential Investors should approach the idea cautiously, Prior Information Gathering and risk analysis, Positioning SAGE in the right investment portfolio. As the market for digital assets grows and changes, tokens such as SAGE may present the interested trader with interesting prospects.
