It would be quite unanticipated, but recent developments in the Cryptocurrency market has seen a sharp rise in the price of one WIFEAR which is relatively unknown in the market. Specifically, in the last 24 hours, WIFEAR has skyrocketed by a whooping 18.93%; otherwise, it has remained inactive of late. Worryingly, this particular price change has put the spotlight on WIFEAR now that people are encouraged to research yet another relatively unknown token.
WIFEAR is at position 3853 in the cryptocurrency market, and the value of this coin is $0.0004919 at the time of writing. This recent price hike has led to a market capitalization of $489,540, making it a micro-cap crypt currency. However, this low ranking has attracted the attention of traders who are looking for good prospects for making fast money on cryptocurrencies.
The token has a trading volume of 24-hour turnover of $68,590, which is quite moderate. This is now valued at 13.97 % of its market capitalization, which can be deemed as a reasonable liquidity rate for an average-sized token. Such a ratio is characteristic of a favorable interaction between trading interest and total value, prerequisites that may ensure the stability of the rate of digital currencies.
WIFEAR’s total supply and maximum supply are capped at 1 billion, with a self-reported circulating supply of 992.39M. This supply structure is more toned down than some other micro-cap cryptocurrencies that provide trillion token supplies. What it means is that most of the tokens are already in circulation, and this could be looked at from a positive perspective in areas where there is likely to be dilution in the near future from potential investors.
Its fully diluted valuation (FDV) amounts to $ 491920, which is just slightly above WIFEAR’s current market cap. This is a view that implies that most of the tokens have already found their usage in the current market and therefore any further issues of the token would pose a relatively small threat to massive dilution of the tokens’ value.
However, this single movement of raising the price is not something which one should be pleased about and, therefore, everyone who is willing to invest his/her money in WIFEAR should be very careful. Many of these coins, especially those with relatively small market caps, are ape-swap – or highly volatile. The exchange’s increase of 18.93% in a single day – while certainly not terrible – is not unusual in the highly volatile world of cryptocurrencies.
As much as it is necessary to appreciate the idea behind WIFEAR, it is important to state that any information about the project, its application, or the people behind the concept is scarce. In the crypto space, it is not charitable to perceive that many of the movements in the prices can be attributed to factors including speculative trading or any short-term aspects other than the actual intrinsic value. Unfortunately, lacking of information about the token’s technical application or function makes it hard to understand whether this price rise is based on the real use of technology or just another ICO hyped bubble.
WIFEAR to may be considered well or ill feared, potential investors should certainly undertake their homework. Cryptocurrencies are inherently volatile, and there is usually a lot of risk associated with the market and with tokens, such as WIFEAR, which do not have a very high profile. Amateur investment is suggested to be done with money which the investor cannot afford to lose and to invest in a basket of securities.
As more members of the crypto community closely follow the development of the WIFEAR token now that a price increase has occurred, more and more listeners are interested in whether this increase will continue or not. Future days will define the further fate of WIFEAR, as it needs to remain in the spotlight and sustain the current Price Pumps in order not to be forgotten among thousands of Other Cryptocurrency Projects.
Therefore, the recent increases in price may definitely turn heads with WIFEAR in the field of cryptocurrencies. However, any investment, especially in such a shaky sphere as cryptocurrencies and Blockchain, should be taken with a grain of salt; or, in other words, people should be rational about such options. Today, just as there are potentially large profits, there can also be serious losses. As time goes on, everyone is anxiously waiting to see what the future of this newly spotlighted token in the continuously growing world of cryptocurrency, WIFEAR, tentatively holds in store.
