It was yeoman services from Len Sassaman who has been a prominent figure in the field of cryptography and digital privacy in the cryptocurrency platform. Now, his memory and spirit has been reborn in a speculative decentralized digital currency appropriately named, Satoshi Nakamoto. The LEN coin may easily be recognized by its ticker symbol – LEN – as a reference to Sassaman’s work and his contribution to the development of modern blockchain.
At the time of writing this article, LEN is $0.0101271 and has achieved huge potential growth of + 126.09% for the last 24 hrs. This upward movement in value has aroused the interest of both the crypto community and investors in this relatively new form of crypto asset. present market capitalization of $1.15 million, LEN is at a position #3528 across the entire cryptocurrency market.
LEN 24hr volume: $145,360.48… Trading volume rank: #2184. The volume of trading of this stock is a substantial part of its market capitalization, with 12,12% vol / market cap ratio. This high ratio is useful to infer that the current amount of liquidity of the coin and interest shown by traders is healthy.
Another interesting feature of LEN shown in the above mentioned sources is its supply structure. The total circulating supply, total supply and a maximum supply of the asset are also claimed to be at 100P LEN. Such supply model where the circulating supply is equal to the total and maximum will introduce an interesting concept of scarcity and the potential for value growth.
There is $1.27 million fully diluted market cap of the company, which is very close to the current market cap of LEN. This metric gives the public an idea on the potential market cap of the coin if all coins are released in the market, that gives a glimpse on how the coin may be valued in future.
Some of the interesting features being the recent performance of LEN, the company’s attributes that make it quite distinct from other competing companies have not delighted the cryptocurrency community. Its extremely fast rate of appreciation could be one of the signs of gradual understanding of the society of the importance of Len Sassaman’s work and the possible demand for a coin to commemorate his work. The same can be said about all the other cryptocurrencies: any potential investor must approach it with great care and research the cryptocurrency before investing funds in it.
LEN’s story spans the strategic and the marketing, but it is more than just some facially interesting numbers. It would be most appropriate to refer to it as a link between historical cryptography and nothing more than contemporary blockchains. Len Sassaman is best remembered for his work on Anonymous Remailers and for his work with other Privacy Enhancing Techniques. While his impact on the creation of bitcoin and other cryptocurrencies might have been secondhand it was considerably substantial.
The creators of LEN call this cryptocurrency in honor of Sassaman and try to uphold his legacy and principles in a constantly developing sphere of cryptocurrencies. Such a link between LEN and one of the crucial persons of the cryptographic world gives extra layers and directions to analyze the company that are not always concentred around numbers and charts.
As the market for cryptocurrencies evolves further, such coins as LEN that have a particular story and their link to the principles of the actual system could fit in the ecosystem differently. The recent escalation of prices may well be relative to people attuning to the works of Sassaman and the principles he championed.
Future of the LEN will still remain uncertain but will depend on community support, available technology, and market conditions in future. The more the people understand what Len Sassaman has brought forward and what is the meaning of LEN, the potential buyers may arise, who are privacy lovers and crypto fans.
On that note, LEN stands as not just yet another addition to the list of cryptocurrencies in the digital economy. It is a digital shrine to a cryptography legend that has the added bonus of being an investment prop and storytelling platform that connects to the entire world of crypto. As the market moves forward, LEN’s story will be one to follow financially and as the overseer of a fairly significant chapter in the history of the internet’s privacy and security.
