VANA Coin: Potential or Bubble? In-depth Analysis of Its Future Trends
VANA Coin plays a crucial multi-faceted role in the Vana network. It is not only the core tool for participating in DLP (Data Liquidity Pool) staking, allowing users to engage in the construction and operation of data pools by staking VANA Coin; but it also grants holders governance voting rights, enabling them to collectively make decisions and influence the future direction of the Vana network.
In addition, VANA Coin can also be used to pay transaction fees, incentivize contributors, and cover data access costs, among other rich functionalities.
However, it is important to note that the total supply of VANA Coin is 120 million, but currently, only a quarter is in circulation, around 30 million.
At the current price of $35, this market capitalization surpasses that of Ordi Coin, which has a total supply of only 21 million, raising questions about its subsequent value.
Although its initial price seems to have skyrocketed, the market reality may not be that optimistic. There is a high probability that after such a rapid increase, a correction will occur, and with a large number of tokens being unlocked, the price may gradually decline. A price below $10 is expected to be a more reasonable level.
Therefore, if you plan to participate, it is advisable to consider cautiously, as the future potential is not significant, and you may face the risk of continued decline.
