One of the less popular digital currencies that have been showing considerable activity in the market in recent times is Uranus. The token has been trading under the ticker URS, and the coin has made a significant increase of 23.76% in 24 hours, rallying the interest of the Crypto community and investors. This burst of has taken Uranus to $2.35 million market capitalization putting this relatively unknown crypto-token into the limelight.
In the current period, there has been a rise in the price of Uranus along with its volume. In the stock market over the last day, it is noted that the trading value of shares in the URS has reached $200,480, which is nothing that has increased by 11.81%. This increased activity showed that there is greater awareness of Uranus, and traders are making their mark in its market. This could be explained by either new investors purchasing these coins or existing holders stacking more of these coins.
Of course, some of the most common factors that investors focus on when it comes to cryptos include the volume-market cap rate. For Uranus, this ratio presently is 8.53%, quite high for a small-cap token. From this ratio, we can infer that from a relative market perspective, URS has adequate levels of liquidity, meaning this may not pose a lot of resistance to traders who wish to initiate or close out positions within this market.
As indicated by the data of August 2018, the total number of issued tokens is 996,64 million, which equals the maximum supply of Ur. This fixed supply cap is the key to investors’ decision-making since there will not be an ability to increase the circulation of tokens in the future. It is said that there will be no more URS created, and thus, there will be no more limitations on the distribution of the token, and people will have no worries about large tokens being held in reserve, which could be dumped in circulation.
Nevertheless, even after these recent achievements, Uranus still occupies only a small niche in the enormous world of cryptocurrencies. Being #3342nd by the market cap URS remains far from the leaders of the crypto world. But the trend of the most recent period proves that even small tokens can grow, and attract investors’ attention in the unpredictable and sometimes irrational crypto marketplace.
Users who will target Uranus must remember that the cryptocurrency is a small-cap asset, which leads to high volatility and risks. Although the current price may have surged, it is rather important to analyze the materials and fundamentals of the project prior to making any investment. The cryptocurrency market has always been volatile and can either experience large gains or losses within a very short period of time depending on the type and volume of a particular token, and smaller tokens such as URS can be very volatile in terms of their price drop or increase.
The points indicating why Uranus rose in price recently cannot be explained by the data available on its website. This could be due to many reasons, such as the awareness level of the project, positive occurrence within the Uranus environment, or the normal tendency of traders to hope and look for the next coin to pump into the crypto market. For now, there is inadequate information regarding the specific objectives, technology, and the people involved in the project to gauge the future performance of URS accurately.
In the same manner like any investment in the crypto universe, any prospective purchaser is advised to get prepared to lose all of the invested amount. Cryptocurrencies are still partially ill-protected in many states, which makes these investments more problematic than others. Despite such potential, it is recommended not to invest in a single cheap token regardless of a company’s eventually promising market prospects but to distribute the money among various assets.
Thus, Uranus (URS) has been getting plenty of attention for the recent spike in its price as well as the traded volume. Nonetheless, in regard to this performance, the question still remains whether URS can continue its higher activity chart performance and become more of a major participant in the cryptocurrency market. Of course, investors should always consider such opportunities, with both pros and cons, taking into account the nature of the crypto market.
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