While observing the constant changes in the cryptocurrency market, a new entrant appeared, gaining attention from users and investors. Joma, operating under the symbol JOMA, has been quite active in the market with respect to the recent performance of the shares. Currently trading at $0.0001744, the token has defied all odds in a fluctuating market, rising by 3.15% in the last day. This is incredibly encouraging at a time when the volatility surrounding many cryptocurrencies is pushing their value yo-yo, and that makes JOMA’s upward trajectory even more remarkable.
In the current ranking, it is a small-cap token with a total market capitalization of $174.44K. Amidst this relatively small company, more people seem highly interested in the JOMA stock, providing the 24 hours of trading volume of merely $3.97K, though it had increased by 46.93%. This may mean that people are becoming more interested in the token and can have potential future development in trading volume.
Traders and analysts can check one figure for the trade volume to market capitalization, where JOMA currently stands at 2.27%. This figure gives information about how active this token is in comparison to its market capitalization. A higher nominal ratio frequently means the incidence of greater trader interest and possibly larger price fluctuations that may attract some investors as they seek opportunities to trade on the market.
From the data collected from JOMA’s website, it is conducting about 1,000,000,000,000 tokens as its total and circulating supply as well. This is quite important since the total supply of the tokens has been equal to the circulating or circulating supply providing a signal that no further dilution of value may occur. Continuing with the positives on the JOMA token, the token has a fixed supply cap of 1 billion tokens, which is another deflationary feature, potentially of interest to those investors already worried about inflation in the cryptocurrency sphere.
At $174 44K, the fully diluted valuation (FDV) of JOMA only reflects its current market capitalization. The market cap is equal to FDV because tokens are fully distributed, which creates a definitive total value in case all tokens float in the market. From the investors’ point of view, this transparency may be a key factor when evaluating various prospects connected with tokens to risks and opportunities.
However, what has happened to JOMA recently is quite positive, although it is worth remembering that the cryptocurrency market is very unstable. Often, tokens as small-cap as JOMA can be highly vulnerable to sharp fluctuations in their value both upward and down. It is advised that any such investments should be done carefully and any undertaken research should be carefully studied before coming up with any investment decision.
This young team that stands behind JOMA has not revealed much to the public about the prospects of using the token in its operation or even in the long-term plan. The presence and popularity of JOMA in the future will depend on the same factors: its ability to adapt and set as its goal the achievement of specific positions in the field of digital currencies, the increase in the number of ‘fans’ among supporters, Investments, the presentation of those products that can penetrate the financial market and create corresponding demand.
That is why tokens such as JOMA experience prospects and threats in the modern context of the cryptocurrency world’s development. With more and more adoption from the general public, it could drive the further expansion of the business however competition within the niche remains high. Other external factors which could greatly affect the future path of smaller tokens include regulatory changes around the globe can both have effect in the form of challenges and opportunities for inclusion and growth.
As for JOMA it remains a pure hype as many small-cap altcoins: It has been more traded and recently discussed due to its changing price, but for it to continue to perform well; it will need to do more than just pump and dump. Speculators and analysts will keep an eye on its continuing development to see indications of stability and long term sustainability of the project.
Therefore, success achieved by JOMA at the time of writing this paper can be considered impressive; however, it only paints the picture of the company’s status in the unstable and unpredictable environment of cryptocurrencies. In the same manner as any investment in this niche the potential buyer should come with a portion of an interest and pinch of skepticism. The following few months will be imperative for JOMA because the company is finding ways to prolong its recent successes and establish a stable position in the constantly growing digital assets ecosystem.
