Slavi Coin using the symbol SLV has increased exponentially within the last 24 hours. Cryptocurrency which is currently in the 9711 th position in the market, it had a high rise in price from $0.0004697, with an increment of 30.55%. Such a huge increase has attracted the attention of the cryptocurrency community alongside investors.
However, even with the tremendous shift in price, Slavi Coin’s volume is abysmally low, and there are no transactions in the last 24 hours. This lack of trading volume is quite dramatic given the current market capitalization of this coin which is $ 635 000. This price movement and trading volume difference keep concerns arising from what may have led to the current rally of SLV.
The total supply of Slavi Coin also reflects the maximum supply that is 759.27 million SLV. Yet, the self-claimed circulating supply introduces an interesting paradox; there is 1.35 billion SLV in circulation, according to it. This is more than the total and max supply suggesting that there may exist an issue with reporting or a different style of tokenomics.
The value of Slavi Coin assuming the maximum supply of tokens outstanding is $356,660 or the fully diluted valuation of the tokens. This analysis reveals the number that can be used to estimate the token’s value in a long-term scenario where supply and other conditions do not change.
Like in the case with many other cryptocurrencies and especially those that have a relatively low ranking on the leading boards, the fluctuations of Slavi Coin’s price perfectly illustrate the fragility of the crypto market. The percentage increase also significant although there is no trading volume to support this action signifies that price of the stocks in the less liquid markets can also double up in a short span of time.
It remains to be seen whether Slavi Coin will be able to sustain its path to new record heights and whether trading volume will rise in response to the current price levels. The absence of active trading in the SLV token may put into question the cadence currently expressed and the overall liquidity of the token.
This market is characterized by fast fluctuations and novelties, the appearance of which can not be predicted with any certainty. Slavi Coin is one of the more recent examples of this environment, with slightly less recognizable tokens attracting massive attention and value. Of course, potential investors are welcome to carry out their own research and are warned that investing in cryptocurrencies is inherently risky.
Over time, simple tokens such as Slavi Coin might be relied on in even greater capacity to define the growing crypto ecosystem and the future of technologies such as decentralized finance and digital transactions. However the success will be determined by factors such as usefulness, recognition by the public, and the state of the market.
