The market of digital assets has recently been introduced to a new player which has been generating a lot of interest among crypto users. Burger which is listed under the ticker BURGER has started trading with a bang that has caught the eyes of the investors and traders. This new entrant in the menu of cryptocurrencies has attracted attention due to its high returns and its future prospects in an emerging market of cryptocurrencies.
The token has grown beyond proportions, and BURGER was no different as it has surged 48.10% in its value within the last 24 hours alone. This has led to the explosive growth of BURGER and placed it on the lips of everyone who is into cryptocurrencies. The token is at present, trading at a rate of $0.092896 and is highly volatile, which is an expected trait observed in new generation coins.
The circulating supply of Burger is 4,256,824Burger with a market cap of $251,359, making it rank #3853 in the world. Admittedly, this may sound small when compared to industry incumbents, although quite an achievement for a token that has only recently joined the market. The trading volume within the last 24 hours has touched $56,402, which further explains the high demand and activity concerning BURGER.
Another thing that grabs people’s attention is Burger’s tokenomics. The project claims circulating supply to be 861,871,000,000,000 BURGER tokens and the total and the maximum supply of tokens is also the same. Given this vast supply, one would assume that the people behind BURGER want to spread it far and wide. Yet, as one can guess, having such a big amount of tokens in circulation can also influence the price of the token and its ability to grow.
BURGER’s fully diluted market cap is $ 249, 634 slightly lower than the current market cap of BURGER. These differences could be attributed to token distribution methodologies or continuation of token sales.
Due to the meteoric rise in Burger’s price, people have started questioning the basics of the project and its sustainability. Like with any new cryptocurrency, people are interested in how the BURGER team looks like, what technological solutions it is based on, and what it is supposed to be used for. As with other tokens, detailed information may be yet to roll in, yet its performance has indeed aroused curiosity about its related project.
The community of the cryptocurrencies has been discussing the possible development of BURGER. Some enthusiasts compare Burger to other food related cryptocurrencies that became popular in recent years and are wondering if Burger can be the same. Some are more conservative advising users to conduct their research and due diligence before investing in any new digital asset.
Like any other cryptocurrencies let alone newly launched ones, it is important for the investors to approach BURGER with an open mind. The significant growth rates that it was possible to observe in its infancy are undoubtedly effective in attracting attention, but they also have their drawbacks. The crypto market is highly unstable, and new tokens are also very prone to fluctuation in both price directions.
This situation suggests that the future success of Burger will depend on several factors. These are the strength of the community, how well defined is the roadmap, the role of token or use of token inside the ecosystem, and the market sentiment. As more details emerge with regards to the project’s objectives and plans for its growth, investors will be able to make more accurate predictions towards its sustainability.
The appearance of Burger also demonstrates the constant development and differentiation of the cryptocurrency market. New projects are launched in the market, and every project is different from the others in terms of working and offering. This has the effect of keeping the crypto ecosystem active and offering investors new opportunities with which to invest on a continuous basis.
Looking at what BURGER is doing in the crypto world, we are reminded that this is an industry that changes very fast. Tokens can easily come to lime light and become favorite among traders and investors. But, more importantly, maintaining that level of interest and creating real value, which is more than just a buzz, is not easy.
In conclusion, Burger’s entrance to the cryptocurrency market has been nothing short of explosive, and it is most definitely a token to keep an eye on. People have taken time to notice and start discussing it after it posted incredible figures that can only be described as impressive in the first few days. Since the project progresses and more data appears, the crypto community will be watching BURGER’s development. Whether this will become an everyday part of the digital currency staple or just a flash in the pan remains to be seen but at least Burger has shaken things up a bit in the crypto world.
