Tethereum, also known as T99, has also positioned itself in the market and is now at #237; the price of the token is 0,05242$. The last 24 hours have, therefore, revealed that T99 has not done badly for itself as it has gained 5 percent in value over the one-day period, though this can be considered rather volatile, as can be seen from the movements of the day. This project has a market cap of $203.31 million, testifying to its dominance in the industry of cryptocurrencies.
The trading volume of Tethereum for the last day stood at $5,660 which is 36.60% higher in terms of activity from the previous day’s volume. These two observations indicate increasing interest and liquidity of the token on exchange. However, the VTMF or volume to market capitalization ratio stands at a mere 0.002785%, meaning that trading activity in TOM has not quite amplified yet compared to the worth of the token in the market.
There are 9.99 billion Tethers that can circulate the supply of 3.88 billion T99 tokens in Tethereum. This means that it is still far from the maximum amount of tokens, which is 45% of the maximum absolute token supply, allowing for further token emissions or token burns at the discretion of the project tokenomics strategy. The current FDV of Tethereum is $523.64 million, which gives an immediate understanding of the company’s theoretical token market capitalization if all tokens were circulating.
Just like any other cryptocurrency, Tethereum’s value is fluctuating depending on several factors including; project progress, public opinion, and any other overall economic factors. Any and all decisions to invest in the project from candidature of the investor and trader to the employees must carry out serious and effective research and analysis of the project in terms of its relevance, function, and efficacy in the future.
Unfortunately, more information about Tethereum’s technology and its specific application remains unavailable from the given information. Nevertheless, the staking and trading presence of Tethereum on the market may indicate it has attracted some attention in the sphere of cryptocurrencies. As the market situation remains rather volatile, companies like Tethereum and others will have to prove their viability by adding more tangible use cases to their projects and growing their presence on the market.
