Ted an introduced cryptocurrency has entered the digital asset market to attract investors and fans. This is a relatively new player in the crypto market, which even has ambitions to be a newcomer than the star of the rise, having jumped by 50.26% in a day. As estimated at the time of this writing they are priced at $ 0.0002436, Ted has quickly become one of the flashy coins to consider in the fast growing world of cryptocurrency.
It has a market capitalization of $243,634.4 and is currently ranked # 3397 among myriad of cryptocurrencies available today. This might seem low compared to other coins in the industry, but it deserves credit for a newly launched coin to achieve that. Volume within the last 24 hours is $174,035.23, and so the Coin falls to #2061 in the overall trading popularity ranking. Such trading volume represents 71.21% of its market cap, deeply installing itself as favorable for traders and investors.
As much as the tokenomics of Ted, there is a clear and well-articulated supply in its structure. With reference to the token, the total and circulating supplies were set to be 1 billion TED tokens with maximum supply allowance. This fixed supply cap is one of the significant characteristics that can help the coin to stay immune to inflation in the future. At the moment, the entire supply is said to be in circulation and this technique may be seen as favourable by investors.
The amount of tokens available on the market have been determined through the fully diluted market capitalization and it is equal to $243,596.68. This figure is useful to give some idea in terms of token volumes, when all the tokens were available for sale at current prices. However, what is important to understand is that they have aligned the current market cap with the fully diluted market cap so the tokens are fully represented in the market which can be considered as positive concerning the distribution of tokens in the project.
Unfortunately, there is no specific information about use case and technology related to Ted, however, it is quite active with price growth and a large trading volume, so the crypto community has probably noticed it. Fresh digital assets, especially those that are lately introduced in the market, tend to be very juicy in fluctuation during the first few days, and looking at Ted, he fits perfectly into this category. However, prospective investors shouldn’t grab the opportunity blindly without doing their due diligence and research first.
The cryptocurrency market is also a highly competitive and an ever-evolving one, with many projects coming up weekly. Proposed by Ted in such a competitive field and its preliminary income, it can be concluded that there is still an opportunity for new projects. Like any other new generation cryptocurrency, Ted can only succeed through factors related to the technical advancement, purpose of the currency, its social acceptance and its practical application to address concrete issues in the society.
Before making any investment in the cryptocurrencies, the reader should bear in mind that such a market is very risky and unpredictable. Although, starting with decent score of 52, it is important for the investors to remain cautious to any new crypto asset as is the case with Ted. This means that the dramatic price spike within a short period can be accompanied by dramatic collapses, which is quite common in any cryptocurrencies market.
With more time in the market though Ted is still evolving, it will be interesting to see how it will progress and if it will sustain a steady growth. As a result, characteristics that are going to define its future dynamics are capable of influencing its success as the value of partnerships, technological development, and adoption rates. Still, the crypto community will be waiting to see whether Ted will be able to find a niche that will help it be successful in the more saturated industry of digital assets.
Therefore, it can be stated that Ted started trading in cryptocurrency, and he has shown good results, numerous percentages, and a huge turnover in price. Still, this is a relatively new market space for this kind of digital asset, and a fixed supply, as well as clear data on circulation, may serve as the basis for its further expansion. As is common with a number of projects within the crypto space one can only hope that Ted has the staying power to back up its early potential and become a core part of this emerging market. Both investors and fans of the crypto sphere will be observing this newcomer’s performance and its experiences of opportunities and threats in the new digital currency market.
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