It is pertinent to … Financial experts say that POPO, a newly launched cryptocurrency, almost immediately struck a chord with buyers and investors in the cryptocurrency market. This new coin has had quite the overnight success story, with the value of this currency rising by a staggering 40,67% within a day. At the time of writing this article, POPO is selling at $0.00005478 per coin, which should be of interest for those who want to invest in an interesting coin.

At the present time, the market capitalization of POPO is $54,781.16, and this coin has #5416 rank among other cryptocurrencies. Well this might not be huge but we should remember that POPO is a relatively new project in the very competitive crypto market. Such steeply rising means that the coin is loved by early adopters and gamble who are perpetually on the search for the new gold in the emerging world of cryptocurrencies.

Currently one of the key features that can be distinguished in the case of the POPO is the evidently high trading volume. For the last one day, the coin has been traded by $2,503.48 with a massive rise of 32.28 percent. Increased trading volume is the first and foremost sign of rising demand and trading volume for the asset that is critical for any cryptocurrency that seeks to gain a foothold in the market. The volume to market cap has also increased by a percentage of 4.57% which can also give credence to the fact that the coin is chasing traders around the market.

In their own circulation supply, POPO has circulated one billion coins, which is its total supply according to their circulation. This transparent token distribution is in most cases seen as positive by investors due to the neat understanding of how rare the particular coin might be and how its price might increase in future. Lack of defined hard cap indicates that people behind POPO might anticipate future token releases or apply some other economic model that does not require artificial control of total circulated supply.

Furthermore, the market cap of POPO calculated using total supply of its coin is also $54,781.16 and the fully diluted market cap of POPO. The current and the fully diluted market capitalization of POPO are quite similar, which means that all the tokens are already circulating in the market; this might be considered as a favorable sign for the stabilization of token’s price.

Like with any other new coin, possible investors should approach POPO with enthusiasm and scepticism. A change of 40.67% and such a massive price spike within a day look tempting, but there is a reason it is not rare for such cryptocurrencies to fluctuate so wildly: this is the nature of the crypto market, especially for small, not so well-known tokens. This means that such stocks may offer quite high potential for gains and, at the same time, may give huge losses as well.

However, it can be also very cheap right now at $0.00005478 per coin, which will allow all types of investors, including beginners who wish to invest just a small amount of money in cryptocurrencies, to buy it. That low price also makes very sensitive to the changes in volatile percentage values because even the little changes are reflected in large figures are responsible for making the coin very volatile.

However, the fact that the POPO token doesn’t have a fixed maximum supply also means that its tokenomics and the rate of inflation are also undefined with indefinitely high potential. These factors make the supply mechanics of the coin relevant to investors and analysts seeing that any updates regarding the coin will be received with interest.

As more attention is paid to POPO in the future, the project should prove its practical relevance and the reliability of the underlying technology to maintain the growth rates. A lot of new cryptocurrencies come into the market with a good looking fundamentals, but they tend to survive with some key factors such as utility, active development teams and added communities.

Initialized by lovers of cryptocurrencies, POPO’s growth will be keenly observed, especially based on the stability of its trading volume and the changes in its market capitalization rank. Some level of obfuscation will remain intrinsic to the emerging project environment as investors’ gain more detailed knowledge regarding project aims and technology as well as team skills and experience.

Altogether, POPO has entered the cryptocurrency market efficiently and effectively by recently achieving an increase in its price along with the upsurge in its trading volume. Current its market share is rather small compared to other cryptocurrencies, however such indicator shows the rate of adoption, that means that it indeed gained attention of the crypto audience. Like any investment in the creatively financial universe, any potential investor in such a project should research and definitely should consult their risk profiles and possibly financial advisors. The following several weeks and months will be decisive for the ability of POPO to maintain that kind of development and to gain its proper place in the continuously developing world of cryptocurrencies.