Koma Inu is a SHIB clone with an obvious reference to the traditional Japanese statues of guardian dogs – and its price has skyrocketed over the last 24 hours. KOMA token is the newest addition to the list of crypto tokens that functions under the KOMA dbo exchange. It already has people interested due to its increase in value by 54.40% in just one day with the token having the ticker KOMA.
At the time of writing this article, KOMA INU is sitting at 3,111 on the list of popular cryptocurrencies and is priced at $0.004287, proving more people are learning about this dog-themed token. The market capitalization of the ongoing project is $4.29m, which means that it is one of the numbers of the billions in cryptocurrency space.
Among the interesting facts revealed by the market over the past period, Koma Inu has exhibited an outstanding 24-hour trading volume of $444,470. Such setup exhibits a rather large trading volume showing signs of increasing capability and demand for the token. The volume to market cap ratio, a trade to token measure that gauges the trading activity as a proportion of the size of the token, now measures 10.37%. This relatively high ratio suggests that trading volume of KMA has been massive compared to the market capitalization of the firm.
This makes Koma Inu’s tokenomics well-structured. The total amount of tokens is 1 billion KOMA and 1 billion tokens as the circulating supply. The ratio of total supply against circulating supply also means every KOMA INU token is presently circulating; the absence of a locked or locked and vesting supply means the absence of fear of future supply that dilutes other cryptocurrencies when new coins hit the market.
A similar value can be found in the Fully Diluted Valuation (FDV) of Koma Inu, which is equal to its current market capitalization of $4,290,000. This has supported the earlier argument on granting the understanding that all tokens are already in circulation in relation to the token’s supply side from the establishment of the market cap and the FDV as being equivalent.
The post named Koma Inu is based on the Shinto Koma Inu, which is a stone dog guard found at the entry of most Shinto shrines in Japan. These statues are known as komainu and were thought to guard the architecture and rite space and defeat evil spirits. By naming itself as such, it appears that the cryptocurrency project is baptizing itself as a guardian or protector of some sort within the cryptocurrency space, which might attract those investors who are hoping for stability within the somewhat tumultuous cryptocurrency market.
Like most themed coins, the primary usage of Koma Inu comes from leveraging culture but also providing an investment option in digital assets. Thus, it appears that the project combines both Japanese cultural practices and the continuous rising popularity of animal-based cryptos, which should give it a quite distinct niche in the market.
Nevertheless, Koma Inu should be like any Crypto investment; potential investors are advised to go slow in their approach. Nonetheless, with this upward trend in the crypto market, researchers should conduct their analysis and come up with the best approach to investing in Koma Inu or any other crypto, considering the market risks that we know are high.
The recent rise in Koma Inu’s price and its trading volume might have been triggered by reasons such as: As we have seen, generally, there is more awareness of tokens that have a culturally related theme, some market forces that are generally affecting the whole market or something specific happening in the Koma Inu community. Each new year in the space introduces new projects, and Koma Inu is a perfect example of how diverse and sometimes even culturally connected cryptos will be in the future.
As for the future, the application of Koma Inu would like to depend on the community and focus on the working theatrical models and the competition in the market of posters of cryptocurrencies with different themes. The relationships it has formed, new partners it has gained, and a dedicated user base will play a major role in the sustainability of the project.
Reading our digital asset analysis of flock tokens and the projects in this collection, Koma Inu proves the relevance of projects with cultural additives even in terms of upcoming cryptographic market maturity. Whether Koma Inu is destined for a longer-term role as a significant player in the larger world of cryptocurrencies remains to be seen, although its recent performance clearly merits the attention of anyone interested in following present cutting-edge developments in the cryptocurrency niche.
Therefore, Koma Inu has recently set a record in the volume of trade and extremely active prices in the cryptocurrency market. While the bird is soaring high in the sky, the world of cryptocurrencies and NFT is deepening and broadening as users and investors keep experimenting with the various possibilities it offers, and Koma Inu is one of those brilliant examples of where culture and cryptocurrency meet in the form of a very exclusive financial instrument. Nevertheless, Koma Inu’s future is still unknown, however, now it has promising dynamics, thus, it indicates that an audience interested in culturally representative, community-oriented coins in the modern world.
