Still, FWOG is comparatively new in the cryptocurrency market but has quickly attracted the attention of users in the digital assets market. This token is known as FWOG token and has recently been volatile; current price is $0.1405. It has gone up by 23.54% within the last one day, and has evoked a considerable level of bullishness in the price chart.
The FWOG has a market capitalization of $136.56 million putting it in the 2702nd position in the entire crypto space. This market cap is the sum of the circulating FWOG tokens with the current prevailing market price. They are not among the most popular cryptocurrencies that boast of the greatest market capitalization, but FWOG still has its place in the great world of cryptocurrencies.
Trading volume is among the easily recognizable elements of FWOG. The token has traded for $21.78 million in the last 24 hours and is now ranked 190 on the daily trading volume. Huge volume, for a company of this market cap, implies that there is much activity and interest in the token. Currently, the volume to market cap ratio stands at 15.92% which analyse can conclude is quite higher implying that the company is well traded.
FWOG was stated to be in circulation with 975,64 million token, with total supply of FWOG being 100 percent. This means that all blocks of FWOG tokens are in circulation hence the company does not set aside any other block of the token for future use. The maximum circulation for FWOG is also deferred at 975.64 million tokens meaning that no future tokens would be created again. Fixed productive supplies have also been identified as having an effect of deflation and this might be some investors’ preference.
Vol, the market capitalization of FWOG with the help of the maximum supply, is $137,11 million. This figure is only slightly higher than the current market capitalization, again, because all tokens are already in existence.
With FWOG recently rising in price, many crypto enthusiasts as well as traders have taken interest on this crypto. The day on day increase of 23.54% could have been due to any reason like the following: There is increased usage, there are positive news in the market or there has been a generally positive market influence. However, the reader should understand that similar steep rises can also be accompanied by steep falls and, therefore, any desire to invest in such avenues should be accompanied by proper due diligence and an understanding that Kriptocurrency is very volatile.
Trade volume of the token also demonstrates a good performance particularly in the trading comparison analysis. The current rank of FWOG is 190 in 24h volume which literally indicates that FWOG is trending among the traders and the token is frequently bought and sold in exchanges within 24 hours. This puts into consideration that high trading volume is usually associated with increased liquidity, that is a regard considered as positive when it comes to cryptocurrencies.
As the hype and sale of the FWOG token demonstrate, it is profitable to enter the stock market in the short term, but investors need to look at the further potential of the token. The technology type, its application, the working team, and intent support from the public domain are other influential aspects in deciding the future success of a currency.
With any investment in the cryptocurrency world, as it is with Bitcoin and other similar tokens, potential buyers should be aware of potential large fluctuations and risks involved with digital currency. The crypto market is highly volatile meaning that FWOG could never have sustained the heights that it has achieved over the past few weeks but still, this is still not a guarantee that the crypto will not plummet in the following weeks or months.
It is also important to find out that FWOG is ranked #2702 thus clearly showing that FWOG is still relatively small players in the overall market of cryptocurrencies. On the positive side, this could indicate that there is still room for growth for the token but on the flip side could also mean that the token is can easily be influenced by the market and may lack liquidity compared to other big coins on the market.
In conclusion, it was possible to see that FWOG recently has shown good results: the price has grown a lot, and the trading volume has become quite large. The facts that it has a fixed amount of tokens and is fully circulating may be the major benefits for some investors. Nevertheless, similar to all other cryptocurrencies, particularly those that have relatively lower market capitalisations, individuals should use extreme caution when considering the investment, perform their research, and should not risk any amount of money that they are unwilling to lose.
