To determine whether the price of $1000CAT can rise, let's analyze the data in the image:
Key Indicators:
1. Circulating supply: 6.75 billion 1000CAT
2. Total supply: 8.1 billion 1000CAT
3. Maximum supply: 9 billion 1000CAT
4. Market capitalization: 414.45 million USD
5. Fully diluted market capitalization: 552.6 million USD
Observations:
1. Price close to ATH:
The current price (0.05889 USD) is approaching its all-time high (0.0687 USD). This indicates strong recent growth, likely due to high demand or favorable market conditions.
2. Circulating supply vs total supply:
Out of the maximum supply of 9 billion, 6.75 billion are already circulating, meaning that about 75% of the coins are already on the market.
Since more coins (25%) can still come into circulation, there is a risk of inflation if these coins are released too quickly, which could temporarily lower the price.
3. Volume to market capitalization ratio (157.95%):
A ratio above 100% indicates that trading volume exceeds market capitalization. This suggests strong trading activity and liquidity, which positively impacts price growth.
