$USUAL Many of you asked me to prove that it is a fake currency.
Analysis of key metrics:
1. Price:
• Current price: $0.9358 (down -11.59%).
• All-time High (ATH): $1.6356 (on 2024-12-20).
• All-time Low (ATL): $0.2055 (on 2024-11-20).
Insight: The coin has shown significant volatility in the past month, with a rapid rise from ATL to ATH and now a decline. This volatility could indicate speculative trading or external factors affecting its value.
2. Market value:
• Market value: $454.36 million.
• Fully diluted market cap: $3.72 billion.
Insight: Decent market cap for a mid-cap cryptocurrency, but a fully diluted market cap suggests significant potential inflation if the total supply enters circulation.
3. Circulating supply vs. total/maximum supply:
• Circulating supply: 488.17 million usual.
• Total supply: 509.67 million usual.
• Maximum supply: 4 billion usual.
Vision: Only about 12.2% of the maximum supply is in circulation. Large future supply could dilute value unless demand is proportionately matched.
4. Volume and Volatility:
• Trading volume: $251.81 million.
• Volume/Market Cap: 55.42%.
Insight: Relatively high trading volume relative to market cap shows strong liquidity, but may also indicate speculative trading or pump and dump activity.
5. Market dominance:
• 0.0141%.
Insight: The coin occupies a small share of the global cryptocurrency market, indicating that it is not a major player yet.
Key considerations:
1. Volatility: Sharp price swings (from ATL to ATH within a month) indicate speculative interest rather than steady organic growth. Be careful not to get carried away by short-term hype.
2. Inflation Risk: With a maximum supply of 4 billion but only about 488 million coins in circulation, large future issuances could dilute the value of the coin.