A s surprising as it may seem, the cryptocurrency market recently saw a rather large spike in value of BRIAN, a lesser known token that all of a sudden became a hot investment amongst investors and traders. BRIAN has seen an insane 88.23% price increase over the last 24 hours, increasing $0.0006104 per token.
BRIAN has yet to leave the shadow in the shadows, its market capitalization now being $593,277 this dramatic price movement has driven. This figure may be small compared to industry giants but it’s still a big step up for the token which now ranks at #3575 in the overall cryptocurrency market.
Trading volume too has spiked with an impressive 134.15% rise over the past 24 hours with $138,827 growth, from $60,471. BRIAN is now at #2254 when it comes to 24 hour trading volume, which shows that over time there’s been increasing interest and liquidity for the token.
The fact that BRIAN’s latest performance has also been proven to have the best ratio for its volume to its market cap (which is the value of the coin now compared to the total amount of BRIAN market circulating), is that 23.40%. This number suggests that there is plenty of trading going on compared to the token’s current market value, which could suggest big speculation or really growing adoption.
The tokenomics of BRIAN show an intriguing aspects about the supply and distribution of its tokens. The circulating supply of BRIAN tokens as reported by the self is 972,000,000 out of a total supply of 1,000,000,000 (97.20 %). Such a large percentage of tokens in circulation could help to make the market more liquid and discover price more easily.
The total supply of BRIAN tokens is limited to 1,000 000 000 of which 972 000 000 is currently in circulation. In many ways, this fixed supply model is liked by investors as we cannot wholly predict what the future holds for a token as a second layer currency, but it might lead to scarcity driven value appreciation in the future if future demand for the token continues to grow without a fix by the autonomous developer coins.
At the time of writing, BRIAN is a $610,367 fully diluted market capitalization based on the current price and the hard cap of 1,000 units. The theoretical market value shown here is the value of all tokens in circulation given today’s price, giving us investors some idea of how much the token could potentially be worth in the future.
Speculation is rife within the cryptocurrency community as to why BRIAN’s price has suddenly jumped. Some analysts hypothesise that the token grew in popularity on social media platforms or the trading forums and pulled in a rush of new investors. There are those who cite announcements or rumoured partnerships that would take the project forward, all adding to the hype.
However, it should be pointed out that such a sharp price change on the cryptocurrency market can be very volatile and unpredictable. However, with less known tokens, which rise and fall at a rapid pace, investors should be cautious and do their homework before investing.
The performance of the BRIAN token as a reminder that the cryptocurrency market is dynamic and very unpredictable. Established currencies like Bitcoin and Ethereum get all the headlines, but smaller such as BRIAN are rising at a rapid rate, and the altcoin market offers a possibility of significant returns and risk.
Formerly trading as 009, BRIAN cryptocurrency is gaining attention as the crypto community keenly observe its progression, and questions emerge with regards to the consistency of this price surge and the token’s long-term potential. Will the new-found momentum lead to continuation (or failure?) of BRIAN, or is this merely a spike due to speculative reasoning?
Let’s see what BRIAN can do to hold its place in the competitive cryptocurrency market. For now, the ascent of the token is a tantalising case study in the dramatic swings of this world of digital assets where fortunes are made or lost in a blink.
As with all such opportunities, potential investors should consider such opportunities with a balanced view of the possibility for high return and the risks inherent to the cryptocurrency market. Despite that, the story of how BRIAN went from a little coin nobody knew or gave a shit about months ago to the widely recognised power house in today that it is today is a tale that is just beginning and is going to keep doing everything that just furthers, widening and deepening that story for days, weeks, maybe even months to come.
