FLOOS is a newly introduced viable digital currency that promise enormous performance and score reputation for having some unique attributes. FLS token is currently at $0.008215, and it has experienced a phenomenal increase of 9.29% within the last 24hrs. Such an increase makes FLOOS another promising actor in a context of the digital asset market capitalization, which stands $7.59 million and ranks #2819 regarding cryptocurrencies.
Arguably, the most eye-opening feature of the FLOOS trading recently has been its volume. Since the previous day, the token has witnessed a trading volume surge of more than 64.85 percent, with $1.75 million. Such a rise in the trading volume has placed FLOOS in the 738 of ranking for firm volume thus showing an expansion of investors’ interest and market operation. The volume to market capitalization ratio stands 23.10% which also indicates a good liquidity and thus its turnover which in most cases define the success of each crypto.
These supply dynamics of FLOOS make its profile all the more interesting. FLS token shows perfect transparency in distribution as per the circulating supply with own reported 924,100,000 showing an accurate 100% of the total supply. This floating supply is equal to the total supply and the maximum supply suggesting that all tokens are in the circulation. This supply structure gives FLOOS a competitive advantage to many other cryptocurrencies most of which have a large percentage of their tokens unsellable due to being locked or reserved for future release.
The market capitalization of FLOOS as per the total max supply of the tokens is $7.59 million. This metric allows investors gaining an idea of the future approximate value of the project at the current price with all its tokens in circulation. The token distribution in the case of FLOOS is fully diluted which means that fully diluted market capitalization corresponds to the current market capitalization significantly underlining the fully decentralized approach of the token.
Analyzing FLOOS’s recent results, it is necessary to ask questions regarding what makes it possible. There is no specific information shared regarding the technology aspect and its utility behind this specific project but knowing that the price of the token has shooting up and the trading volume that the token has achieved means that the token has … Perhaps it may be due to new updates, new alliances or enhancement of the project’s ecosystem that have dictated this positive trend.
FLOOS like any other cryptocurrency investment requires potential investors to tread carefully and do their homework. The market of digital assets is relatively unpredictable and although the high growth rates stimulate people, such growth may be followed by declines. To pay attention to the possibility of committing and investing in any project, a person must know some central tenets of a project which includes the basics of a specific project, its team, the schedule of the work, and its potential applications.
The world of cryptocurrencies is developing continually; there are new projects, new technologies every day. Nonetheless, the latest performance shows FLOOS as one token of particular focus in the following weeks or months. The fact that it has been able to sustain this pace and continuously capitalizing on the recent achievements will define its sustainability and acceptance.
These digital assets are slowly evolving by taking up a major role in the future of Decentralized Finance and Blockchain. The token’s price, or the capability to grow with a high speed, may attract developers, partners, and users to the initialized ecosystem, which might enhance the execution of the contracts and, therefore, create more demand in real-life applications.
Therefore, owing to its recent market performance, FLOOS has recently become one of the most talked-about coins in the cryptocurrency sector. The token has also boasted an outstanding rise in price along with the volume of trading it receives and an exclusive dynamics of the supply. FLOOS will certainly be one of the cryptocurrencies to watch in the further period as the project develops and the market adapts to its recent success. It remains to be seen whether FLOOS can maintain and build on that current upward trajectory to truly turn it into a sustainable success story but all things considered FLOOS has undoubtedly made its presence known within the ever evolving realm of digital currencies.
