The market of cryptocurrencies has recently observed the appearance of a new asset which is already popular among many people interested in investments. Few months back, a new player joined the digital asset market, it’s called King of Referral Coin and it has the ticker, KORC; there are some similarities with existing coins, yet it offers its distinct utility and by most measures, it really had magnificent start.
KORC has shown a fantastic rise in its price within a single day as price increased by as much as 67.29%. It should be noted that this particular increase has attracted the attention of many trading and analyzing the market, who follow the activities of the coin. According to the latest information, KORC is currently at $0.00004286 and despite how it may sound, this number indicates a great room for growth for anyone who invests on this token.
As at this moment, KORC has a market capitalization of $42,857.17 and it occupies rank 5265 in the list of the biggest cryptocurrencies in the world. It appears relatively small compared to its competitor, although one needs to remember that KORC is a relatively new company for the industry, and its progress so far indicates there its potential for further growth. 24 hours trading volume has surged up to $ 3,354.4 which is quite good for a newly listed altcoin.
Altogether, probably the most exciting elements of KORC are its supply dynamics. The tokenomics are easily explained and the platform has a total token of 1,000,000,000 KORC tokens. This figure also represents future total supply that is why future creation of tokens are not going to be possible. The whole supply is alleged to be in the market, and this is commonly perceived as a bullish factor especially to those investors who like their digital assets to have set and dispersed supply.
The work fully diluted market cap is derived by multiplying current price with maximum number of tokens supplied is also equated to the current fully diluted market cap at 42,857.17$. This situation became possible because the current market capitalization is equal to the fully diluted one due to the circulation of the entire token supply, which is convenient for investors and simplifies valuations.
Closely related to its name King of Referral Coin or KORC, this cryptocurrency is designed to refer valuable information and serve as a key to an endless variety of opportunities in the given market. In other words, although the specifics regarding the pattern of referral process are not well described in the modeling data, there is probably an incentive program for such issues as, referring other people to get to the project or network. Such incentive model has been employed in different projects related to blockchain since it effectively promotes growth of the project’s culture.
As simple human emotions seem to dominate the market, maybe the relatively recent and established coin like is already reaping the boosts of its awareness from the public. Hastened such appreciation, in fact, tends to attract more investors hence the snowball effects on the value. But in the hands of potential investors, suchlikes should be used with a precaution as rapid increases can be followed by sharp declines.
Like with any new ICO, much attention should be paid to the prospects and use of KORC in the long term. The success of the project will depend on the overall strength of the underlying technology, their ability to implement a proper referral system, quality development team behind the project, and how well this project will be able to integrate with other blockchain projects.
The volume to market cap ratio, according to which the specified indicator makes up 7,83%, reveals information concerning the operations’ liquidity in relation to the coin’s market capitalization. It can be helpful in evaluating the liquidity of certain stocks when trader want to enter or exit large positions without disturbing the market. Higher ratio suggests better solvency and that may prove beneficial for traders motivated to speculation and other long term shareholders.
This being the case, potential investors need to ensure they read more on the KORC as a relatively new entrant into the market; the project’s whitepaper, the roadmap, and the team behind it. Knowing the specifics of the blockchain that it uses and any special characteristics or specific application of this project will make more of a difference in the long run.
Evaluating KORC does not imply that you are dreaming about a new Cryptocurrency because the industry for Cryptocurrencies is highly unstable and dynamic, and the young KORC is just on her way. Its first couple of quarters of any roller-coaster-yet-clear trajectory has undeniably caused some heads to turn; however, maintaining such consistent growth and establishing a pyramid-sustainable business within the crowded industry of blockchain and digital assets will be the true test of its claim to fame.
With interest from the crypto community firmly on their side, King of Referral Coin now sits on the precipice of opportunity. Whether it will rise to the top of the pile and take its rightful place as one of the great successful cryptocurrencies that the world has been hoping and waiting for or whether it will be ravaged and decimated by the same fate that has befallen many splendid projects before anyone can tell. Currently, KORC stands as one of innovative additions to the already vast list of blockchain-associated assets with the unique perspective on referral programs and community growth in the decentralized context.
