As a newly introduced currency in the digital asset sector Monkey Pox is receiving more attention now. According to recent figures POX currently fetches 0.06161 per unit with a 0.35% rise in the last 24 hours. This cryptocurrency presently occupies position #2836 in the entire crypto market showing its rise as a newcomer.
Monkey pox presents a unique approach to its supply. The token’s total supply equals its supply cap of 1,000,000,000 POX. This immutable supply method intends to reduce the number of coins and could increase their worth as interest grows. At present the circulating supply reveals 0 POX and this suggests that the tokens remain undistributed or are not circulating actively.
There is no publicly available market valuation for Monkey Pox because of a shortage of circulating supply details. Assessing the token’s complete market value plainly proves difficult. The full diluted market cap assumes all tokens are circulated and is $61.612.301. This number represents the possible highest valuation the project would attain if every token were released.
Even without circulating supply trading activity has emerged from Monkey Pox. As of today the 24-hour trade volume stands at $1,422,713 making it rank #859 concerning daily trading volume on all cryptocurrencies. This trading information reveals that the token holds attention and liquidity even though it hasn’t reached a broad audience.
Investigating how liquid and traded a cryptocurrency is in relation to its size uses the volume to market cap ratio as a key metric. In Monkey Pox’s case the market cap missing prevents us from calculating this ratio. Due to this shortage of information potential investors may encounter difficulties in evaluating the token’s market conditions.
The term Monkey Pox could be a creative riff on the worldly viral disease that captured attention not long ago. This decision might try to leverage popular elements or form a notable brand in the vast world of cryptocurrencies. Market participants should take precautions against tokens that heavily rely on fashionable labels because these might have weak structure or future stability.
At a price of $0.06161 per POX token today reveals it as a budget-friendly option for those seeking to invest. Investors of all types may see this strategy as inviting for buying a large volume of tokens using smaller capital. A lower cost per token may not guarantee a successful investment project; substantial research on the project’s fundamentals and team is vital.
Considering the minimal details regarding the circulating supply and market cap of Monkey Pox potential investors need to scrutinize this token closely. Currently unclear is how the tokens will reach holders what strategies the project will follow and the benefits of the POX token. Critical factors like these usually affect a cryptocurrency’s value and acceptance.
Cryptocurrency prices have a reputation for unpredictability and there is a swift rise of new tokens. A few ventures attain important achievements and widespread use whereas numerous others do not achieve success or preserve their monetary value. Due to its present market status and scarce information available Monkey Pox belongs to the field of risky and speculative investments in cryptocurrency.
For those interested in Monkey Pox’s prospects they need to investigate carefully the project’s background and technological advancements. Tracking the token’s evolution through time while more insights about its circulating supply and market performance are shared is sensible.
Monkey Pox (POX) marks an appealing but unsure addition to the realm of cryptocurrencies. With just a maximum supply of 1 billion tokens and a low token value speculation may arise but the shortage of supply and market cap metrics leaves unanswered questions regarding its current growth and how it is being distributed. When evaluating their investment in Monkey Pox as with any digital asset involved with caution and detailed risk awareness is important.
