As we have seen with new trends and technological advances of Cryptocurrencies, there is constantly a new entrant in the market which attracts investors and fans. The token associated with the digital asset market is TIMES, which is also called DarkTimes, which has recently shown growth in its value and a loyal community.
Currently, the price of the TIMES token has erupted by 34.42% within the last 24 hours, trading at $0.02772 per coin. This has contributed to a massive increase in circulation from $119,846 to $1,162,374 and a market capitalization of $2,395,818, ranking it #4218 in the world. The volume also shows a tremendous upsurge: within the last day, $39,057 worth of TIMES tokens were traded, 176.57% up from the previous day.
What distinguishes TIMES from many of those with similar services is the tokenomics and the supply of tokens unique to the project. The total number of operational tokens is 1 billion for the TIMES project, which has made a proper distribution plan of the given funds to build its long-term future. As of now, there are 86,438,671 TIMES tokens outstanding, which make up only 8.64% of the total number of tokens. This has been done in order to cap the availability of the more affordable models and possibly fuel value growth in the future.
The market capitalization of TIMES at fully diluted is $27,716,971, which shows the potential of this project if only it could attract more users. This kind of metric measures a number of tokens and gives a better understanding of the possible future rate of the asset.
What really makes the token even more fascinating is the fact that volume to market cap ratio as at the time of writing is at 1.63%. Compared to the market capitalization of this token, we can conclude that the token may be underhyped or undermarket compared to what is available in the crypto market for those seeking promising investment opportunities.
Despite the fact that it has yet to start mainstream promotions, the number of crypto enthusiasts has gradually begun to take note of the project, attracted by the proposition that is PUT on the table by the project under the acronym TIMES. Still, less is known about its specific features, such as the project’s use case and the underlying technology; the price increase in the past shows that interest and expectation within the community are rising.
Like any other cryptocurrency, potential consumers should exercise considerable care while investing in TIMES or any other coin. This is the cryptocurrency market, and therefore, the recent success, as staggering as it may sound, is not devoid of substantive risks.
The TIME team has been actively involved in a process of listing the token at more popular and varied cryptocurrency exchanges and platforms. These factors have have made the stocks easily accessible, and helped the markets record a rise in trade as well as prices in the recent past. It remains probable that with increased recognition of the project by investors, there will be further increases in liquidity and turnover.
As it stands, one potential problem that arises with TIMES like with many new age cryptocurrencies is to determine the unique selling proposition for the digital asset. In that case, the success of the project will critically depend on whether it will be able to provide tangible value to address the key drivers that are driving token holders.
The advent of TIMES has raised judgements within the cryptocurrency community about the possibility of its displacing current market or presenting new use cases for blockchain. As yet, it has not been revealed what the project will do, but its name – DarkTimes – may suggest that it will be aimed at providing people with privacy or anonymity, which may be all important to those who want to protect their data and their money.
Nonetheless, there are given the inherent issue that any crypto asset has to face as it grows in popularity the task of maintaining its growth rate and creating a sound economic environment. Most successful cryptocurrencies have been able to create sustainable value by integrating well with the community, embracing the right kind of technology, and partnering effectively both within and outside the blockchain ecosystem.
The coming months will determine the further development of the work of TIMES as it tries to build on its recently achieved successes to take its place amidst direct competitors in the market for cryptocurrencies. Both investors and enthusiasts will be waiting for the project to succeed with the idea in its mind and develop a proper place for itself in the constantly strengthening and diversifying digital asset market.
All in all, the token has appeared on the cryptocurrency market as a rather promising project, which stimulates people’s interest with high fluctuations in prices and its trading volume. Despite this, the project has a lot of potential and much more to demonstrate in order to become a regular tool in practise. With the crypto market still growing, only the future will show whether TIMES can sink roots deep enough to remain a powerful player in the new markets.
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