As the world of cryptocurrency progresses and new forms and variations of it appear, a new contender has appeared. Freakoff, or FREAK on the stock marketplace, has attracted immense attention as its popularity skyrocketed within a short period of time, making Freakoff one of the new players in the field of meme coins.
The latest details of FREAK reveals that by trading it, a single token is available for $0.0003863, an increase of 30.72% in the last 24 hours. This upward movement has placed the token in the 4,580th rank of bitcoins across the globe, a great achievement for this rather young player in the market.
The total circulation supply for this Freakoff at the moment is 386,290 USD, which also speaks to the demand on the market right now for new tokens. Still, it constitutes a promising upside in the kingdom when compared to established crypto behemoths and given the industry’s relative unpredictability.
One of the most noticeable changes to Freakoff from its recent performance is the hike in trading volume for this asset within the 24-hour period of $17,130, which is about an 87% increase in trading volume. Such an increase in trading volume indicates improved liquidity and demand for the token, implying that it’s well-positioned and correctly marketed.
Tokenomics of Freakoff are developed with a specific limit on the total amount of tokens in mind, in this case there are 1 billion FREAK tokens available. However; the max supply is equivalent to the current total supply which suggests that all tokens have already been produced. This is similar to what Bitcoin does with its scarcity principle model in the cryptocurrency market many associate it with long-term valuation.
To make it even better, based on the circulating supply that the team deemed to self-report, it stands at 1 billion FREAK, the exact same as the total supply, so we see a fully transparent token rationing scenario. Another aspect that may attract investors is the correlation between Total, Maximal, and Circulating Supply hence contributing to a major characteristic that this formula simplifies.
The volume to market cap percent is 4.45% for Freakoff and therefore it means that the company has active trading given the size of the market. It is employed by investors to get the measure of the liquidity and trading interest in the given cryptocurrency.
They are not just being categorised as the new meme coin; they are aligning themselves as a web-based racing and breeding game with earning constituents. The project allows players to own and manage original characters known as Freaks utilizing Non-Fungible Tokens on the blockchain. Such an approach is bound to work given that NFTs are popular at the moment, and the play-to-earn model can also be considered a promising direction in games that could make Freakoff stand out among the numerous crypto games.
From the game we can expect exhilarating race car events, engaging beauty pageants, breeding and fusing Freaks to design even stronger hybrids. These features are made to create a fun and engaging gameplay experience to add utility within the freaks and hence within NFT Freaks ecosystem.
The development team of Freakoff has down planned a 9,000 Genesis Generation NFT Freaks that will be launched in three phases. Such slow pace of implementation is intentional to ensure that attention and interest on the project is created and sustained over time.
Since, similar to most new-generation cryptos, Freakoff belongs to the meme and gaming token classes, a trail blaze by the same was observed in terms of its price allurement to the speculation-seeking investors. However, prospective investors should tread carefully since meme coins are highly illiquid and marked heavily by speculation.
Thus, analyzing Freakoff’s current and most recent market trends might depict a picture of the growing cryptocurrency market. It has had an impressive price increase, the rising trading volume, the niche gaming idea all combine to give investors a point of differentiation when looking to diversify into crypto. However, it is equally important to note that, like most investments in the world of cryptocurrencies and blockchain, a lot of attention should be paid to compliance with the principles of due diligence and considering critical risk factors.
While many changes are still happening in the digital currencies world, Freakoff is still an example of the transformative force that is constantly building the crypto future. Whether it will continue with this kind of growth or decline in the future nobody knows, but it is evident it has left an imprint in the rapidly growing family of cryptocurrencies.
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