Neiro Chan or NEIRO is relatively a new Cryptocurrency, which has garnered the interest of many people in the digital currency space. Being relatively new to digital currency market this having a low current price of $0.0001763, and experiencing a rise of 1.33% in its value in the last 24 hours. Thus far, Neiro Chan has commanded a market capitalization of $3.7m and is ranked #7593 on the global list of cryptocurrencies for a token that costs only $0.028 per coin.
However, one of the most interesting things about Neiro Chan is that it is still a low-volume token with around $26.54 worth of trading processed in the last 24 hours. The low trading volume and its introduction into the market in the recent past makes a perfect argument that NEIRO is relatively new in the market thus warranting a compliance to the stages of market adoption and price volatility. The general public that trades in stocks should be aware that, stocks with low liquidity may be characterized by high volatility and fluctuating prices.
The total and thus maximum supply of Neiro Chan is 21 billion NEIRO tokens that should be integrated into the ecosystem. This makes the supply fixed in the similar way as Bitcoin and other famous type of cryptocurrencies, which could lead to scarcity as the demand rises. At the moment, Olsen informs, all 21 billion of NEIRO, or 100 % of the total circulation supply, have been launched.
Basically Niro Chan’s market capitalization is $3.7 million based on its current price and total supply in the market. This metric is valuable because it gives a theoretical activity value that exists if all the tokens were in circulation and are actively traded at market price. To the creators of a newly released cryptocurrency, this figure indicates that there is potential for improvement if the corresponding project receives increased attention and investment.
Like in the case of any other new cryptocurrency, it is always advisable for any investor in the market, to engage in a lot of research before they can engage in any new investment. Information about the token’s utility, team, and the project’s development plan might be found on neirochan.shop. Nonetheless, at the moment, one can state with the given information that more details about the utility and the technology itself behind the Neiro Chan are missing.
The prices in the crypto market are notorious for their fluctuations and newly launched tokens like Neiro Chan are normally on the receiving end of such crowded sentiment. At the current price of $0.0001763, the token may experience wild swings to the upside or downside as more traders get acquainted with the token and its usage and potentially with the token gradually finding more use.
It is important to note that Neiro Chan has a very thin volume to market cap right now. This ratio is widely used by traders and analysts to determine the interest and demand on a particular type of assets. A low ratio could mean that the token has not yet entered major trading platforms possibly due to it still not being popular, this can be both good and bad for the holders of the token.
From the general perspective, Neiro Chan joins a highly saturated and very much saturated industry of cryptocurrencies. As we see the number of projects in the world of digital assets increasing, the new participants who value their tokens face the problem of how to stand out from the crowd and offer value for their tokens in the eyes of potential users and investors. If NEIRO will be able to address specific issues, foster growth of its community and form correct partnerships within the sphere of blockchain – it will be definitely successful.
Since the advent of the cryptocurency a lot of tokens such as Neiro Chan are being developed due to constant growth and buildup of the sector. Although some new launched digital currencies have little interaction with the market, some of the digital currencies are capable of changing different industries through the use of block chain technology. The following months will be challenging for Neiro Chan since it will need to define its position in the market and convince others to use it.
For those who want to track the growth of Neiro Chan, it is necessary to pay attention to the position on the charts, its trading volume, or possible updates in the project’s environment. The more data is gathered regarding the objectives of this project and the technology and personnel involved in the project, the more possible it will be to determine if this is a good investment moving forward.
Another factor to look at when analyzing new virtual currencies is the nature of the regulatory environment. With various governments thinking about the ways how digital assets can be managed and regulated, it is going to be important for projects like Neiro Chan to adhere to new regulations that are going to be created.
To sum it up, Neiro Chan known as NEIRO is a new player in the constantly growing list of cryptocurrencies. A relatively new cryptocurrency, it has a total of 21 billion tokens, currently selling at $0.0001763 per token making it suitable for traders interested in newly launched tokens. Nevertheless, like with any investment in the crypto market, use of disclaimer is recommended.
Due to low market turnover and entire limited amount of available data, investing in NCI, Neiro Chan, or any other popular yet relatively unproven cryptocurrency requires special caution and adherence to risk management strategies for a rational decision-making process. As the digital assets market unfolds over time, it remains to be seen whether Neiro Chan can claim its piece of the demand puzzle and bring utility to its owners and the rest of the blockchain ecosystem.