Peeno Token Jumps Over 100 Percent In A Day

Peeno is a rather new cryptocurrency for the majority of users; however, nobody can remain indifferent because of the fantastic price increase observed recently. In the last 24 hours, PEENO has increased 102.75%, making it one of the most discussed tokens in the space for traders and investors.

PEENO is currently ranked as number 3376 on the cryptocurrency market; its current price is $0.001384. This kind of a big increase in the price has seen the Market Capitalisation in the range of micro-cap Status Cryptocurrencies of $1,290,181. The token ranks low on these platforms but recent performance has sparked interest in the ever-shaky crypto market.

Currently, the token’s 24H trading volume is $187430, and it has increased by 358.86%. This means that the electronic token represents approximately 14.43% of its market capitalization, which is perfectly reasonable for such a token. Any such ratio points to increasing interest and turnover within trading, which might cause fluctuations in the price of the cryptocurrency.

PEENO also has a total supply and maximum supply of 1,000,000,000 tokens, and the circulating supply is confirmed to be 100 percent. Such equilibrium signifies that all tokens right from the initial circulation are already in the market thus minimizing dilution risk in the future.

The shareholder fund value by share (SFS) also equals $ million, and the fully diluted value added (FDV) of PEENO has been estimated at $ 1.38 million, which is very close to the company’s current market capitalization. This small discrepancy between market cap and FDV means that the majority of the token’s supply is already included in its current price.

Although the latest SP confirms the upwards price trend, would-be investors must be careful when investing in PEENO. Cryptography currencies especially those that operate in the emerging market have extraordinarily high volatility. Such an increase of 102.75% in one day is rather unusual, especially for cryptos, and similar jumps could be easily followed by similar declines.

However, it is necessary to point out that there is little information available on the use of the PEENO project with or without its team. Of course, large and rapid fluctuations in the prices of cryptocurrencies have observed previously as well, for instance, in pump-and-dump scams or coordinated buying.

The crypto community has its eyes on how coins like PEENO’s fluctuating price look like now, with many wondering if the increased price is sustainable in the long term or short-lived. Someday, we will decide whether this is a long-term plan and whether PEENO will remain in the spotlight and at the price it currently has, or whether this coin will be forgotten among thousands of similar projects.

Finally, it is quite observable that the price of PEENO has skyrocketed, which is quite noticeable across the world of cryptocurrencies. However, the same must be taken with a grain of salt as with any investment opportunity in the unpredictable world of digital assets. Of course, the possibility to earn higher revenues is here too, however the chances to lose even more money are possible as well. Thus, many people will be looking at PEENO to give them an indication of what to expect when investing in this newfound token.