Deebo the Bear has only been recently discovered in the world of cryptocurrencies, though it is quickly becoming popular because of its quite high returns. Suddenly, this micro digital asset, in the trading pool, is on the rise and focusing, currently is priced at $0.0006532, meaning that within the last 24 hours, it has had a massive uptick of 26.42. At such a rate of appreciation many crypto enthusiasts have taken an interest in what the future may hold for Deebo the Bear and other crypto currencies.
Still, Deebo the Bear has been able to carve itself a niche in a typical market cap ranking, occupying #3291 now. And this was accomplished by a token that was launched not very long ago, which shows that more and more people are starting pay attention to it and trust its capabilities. Deebo the Bear now boasts a market capitalization of $65.32 million, a figure that confirms its promising market niche on the page of cryptocurrencies.
Deebo the Bear has had a relatively good trading within the last one day with a total trading volume of $224,325.63. This shows that there has been an increase in the volume of trading and more and more people in the crypto market is getting more engaged in the business. The volume to market cap now sits at 0.34% which indicates a healthy trading platform where users are actively using the token for trading without unrealistic fluctuations in price.
Another advantage that caused the success of the Deebo the Bear brand is the supply system. The circulating supply is said to be 100 billion of DEEBO as claimed on self-report when the project seeks to establish a giant economy that would be responsive to the needs of a myriad of users and investors. Peculiarly, while the coin’s total issuance is limited, its maximum issuance is also fixed at 999.97 million DEEBO. This supply control mechanism is very important when it comes to inflation of tokens, it shall help in setting standard of value for the token for longtime investors.
The circulating supply is calculated as 1,000,000,000,000 * (366/364), which is equal to 2,743,589,041,275 tokens The fully diluted market capitalization that includes all the tokens that could be issued in the future is $653,154.1. Centrally, this figure can be useful to determine the token’s further perspective as well as can be taken into account as rather significant factor which indicates the token’s overall value as it evolves and expands in a specific market.
Of course, when it comes to a new cryptocurrency, people especially traders and Who investors are paying keen attention whether the coin or token in question has the capacity or will be able to compete within the larger Cryptocurrency market, as it is demonstrated in the case of Deebo the Bear. Price of NFLS has raised dramatically within a short time and this shows a lot of interest that can actually improve on its market diffusion and growth. This platform may develop into a very attractive investment opportunity for all of the members as more customers take part in trading and as the overall volumes expand.
However, what it’s necessary to point out is the fact that cryptocurrency market is rather unstable, to say the least. People that want to invest in Deebo the Bear need to move carefully while investing and conduct intense research before seeking the shares. By now you already know how speckled the crypto world is, and how the new tokens struggle with keeping up the momentum and building sustainability.
Similar to any software system, the success of Deebo the Bear will chiefly rely on the current technology that supports it, its application, support of the community, and accomplishment of the task at hand distinctively from other related projects. Over time mainstream adaptation of the token will require revealing of functionality, establishing of partnerships and having a strong and active community that supports Deebo the Bear.
Thus, Deebo the Bear can be considered a novel and unique addition to the constant development of the cryptocurrencies market. The fact that it has gained a tremendously high price in a very short period, it has a constantly improving market capitalization, and has a very good supply control system has impressed many of the people in the cryptopia. Given the existing growth of trading volumes and a continuously expanding number of participants of the ecosystem, Deebo the Bear has rather favourable conditions to establish itself as occupant in the market.
But, like with any investment target in this rather unsteady context of cryptocurrencies, one has to remember that due diligence is a must. Deebo the Bear has only just started its journey, and only time will tell how this project will fare in the new world of crypto and all the chances and or threats it might face in the future. Keeping track of these new tokens such as Deebo the Bear for market insight and possible future profitable investments for those willing to swallow the bitter pill that is volatility in the cryptocurrency market would benefit several investors.
