FLOOS (FLS) is relatively a new digital currency in the market that has gained a new place in the market. At the moment with a price of $0.006533 it has a phenomenal upside of 325.45% in the last 24 hours, making FLS attractive not only to long-term investors but short term traders as well.
Market capitalisation of FLOOS is $6.04 million, making its rank #2731 among all the known cryptos. Fintech Lithuania’s market cap is a mere $0.08 billion and it is somewhat apparent that FLS is a comparatively nascent sector in this regard.
It is probably also interesting to note perhaps the most distinguishable feature with FLOOS is its tremendous trading volume. The trading volume in FLS within the last one day is $5.29 million which places FLS in the 465th place in the list of all coins. Compared to market cap, the token generated high volume signifying high interest and liquidity in the token it has a volume market cap of 87.69%.
According to FLOOS tokenomics, the circulating supply is claimed to be 924,100,000 FLS out of 924,100,000 FLS total of what constitutes the absolute maximum supply of the token. This feature can be also considered as a positive, because it forms a fixed supply cap, which may stimulate price growth when demand to the token raises.
Information about the exact use case and the technology that FLOOS rests on is not possible from the given information However , the steep rise in the price of the token and the volume of trading points to amazing interest the cryptocurrency fraternity is displaying towards the token. At the same time, as earlier mentioned, high rates of growth indicate high volatility and certain risks inherent in such a type of investments.
FLOOS is a relatively young cryptocurrency, and therefore it would be wise for investors and traders to perform their research on the project before making their investment decisions. There is high risk involved in trading in cryptocurrency market but tokens such as FLS have the potential to delivering good returns.
The maximum supply when multiplied by the current price gives the fully diluted market cap, and for the FLOOS token it is $6,040,372. To note, this means all 10million FLS tokens are in circulation and no more tokens to be released in the future.
It is highly advisable to look at the overall situation, the legislation accepted in the countries where FLOOS might be traded, or any new options constructed to patronize this digital currency. It can be considered that having low secured capitalization and high turnover, the token’s price can greatly depend on the ‘mood’ of the stock exchange and transactions.
Thus, FLOOS (FLS) has been recognized as a new actor in the cryptocurrency market, its quotations have risen recently and the trading volume has also spiked. In ventures as complex as FLS, it should be noted that while prospective growth is an optimistic point, it should be wise to invest lightly in this specific token after careful analysis. Due to growing cryptocurrencies market potentials are opening with such tokens as FLOOS both opportunities and pitfalls for people who wish to get engaged into this field.
