Learn more about GLO or Gilo which has risen to be among the prominent companies involved in the cryptocurrency business and being of interest to both investors and traders. This digital asset has recently really shot up in value and boasts a current price of $0.00001576 and a 24 hour increase to the tune of 135.28 %. This growth rate has placed Gilo among the promising cryptocurrencies in the constantly diversifying and expanding crypto-asset market.
At the present time, its market capitalization is 47 281.56 dollar and Gilo is in 9 686 place. Although it seems small in comparison to some of the other faster emerging cryptocurrencies, it implies great potential for development and further advancement. Due to its low market capitalization, it comes out a highly likely the currency is still in its infancy and therefore, presents a good investment for early birds/ growth oriented investors seeking new highly appreciable assets.
Perhaps one of the most compelling factors surrounding Gilo is the form that supply comes in. Circulating supply has been reported according to the GLO team, they are currently at 3.000,000,000 which is 60.01% of the total. This situation suggests that a large part of tokens has already been released to the market and could be an important factor in the recent upturn in the price due to higher demand and a relatively low number of available tokens. According to the Gilo distribution, there will be a total of 5 billion GLO in circulation which is the maximum attainable limit of tokens that will ever be made.
The current price of Gilo at $0.062221 multiplies the maximum supply to give a full float-adjusted market capitalization of $78,794.72. This figure gives information regarding the value that the cryptocurrency may reach if all tokens are present at today’s price. The market cap today and fully diluted market cap show potential for expansion if more tokens are circulated or its price goes high in the future.
Surprisingly, the given trading volume for 24 hours at Gilo exchange is $ 0.00, which shows Gilo ranked at 9828th place in the trading volume. This startling figure may be attributed to several reasons that include limited exchange listings, low float and even questions over the accuracy of data. This information must be well understood by the investors since low trading volume signals certain difficulties that one encounters while trying to acquire or sell the particular asset without incurring steep costs in the process.
It is, however, the 135.28% price increase that occurred in a single trading day that stands out. In particular, such a rate of increase of quotations evokes interest not only among professional users of cryptocurrencies and ordinary buyers. However, as it was mentioned before, it is necessary to be very careful when trading with stocks, which demonstrate such a strong growth or decline, because such a price action can be accompanied by serious changes as sharp corrections or growing volatility.
The Eating House experience involving Gilo brings into question the issues for its recent success. Although, detailed information about the specifics of both technology and use case or development team behind the project is missing in the given information the fact that the prices are rising the witnesses the growing level of interest or new developments in the Gilo ecosystem. Trying to focus on but one aspect of the cryptocurrency market, it is sponsored investors and enthusiasts may well wish to dive further into the project fundamentals, the laid out roadmap, and activism, in a bid to understand the reasons behind the project’s recent run.
Just like any other crypto currency investment especially those which are in their infancy or have small market capitalization it is important not to overemphasize the potential of Gilo. As with every possibility of high returns, the same comes with its vices; high fluctuations and fluctuation volatilities, illiquidity, and the uncertainties of the market. Future buyers should use their assessment of their ability to cope with risk, investigation of biophysical securities and their lawyers, and talking to stock brokers before making an investment.
The cryptocurrency market is characterized by high volatility and the constant appearance of new promising projects to excite the crypto audience. The company’s recent performance situates Gilo as one of them, which may make it an attractive option for investors seeking alternative monetary forms that are beyond the leading cryptocurrencies.
Thus over time as the classification and growth of digital asset space unfolds, projects such as Gilo helps to diversify and add value to the space in question. Whether Gilo will continue to go forward and make its place in long term in cryptocurrency market or not is yet to be observed. However, its recent trading has despaired many still, there is no doubt that its current performance has placed it on the map of many crypto investors and aficionados who are in search of the next great thing happening in the altcoins market.
