Moons have a trading volume ~7x higher than Safemoon. If the trade volume:market cap ratio was the same, moons would $24.23 each

All Cryptocurrencies

by COINS NEWS 33 Views

I was looking around on coinmarketcap and decided to take my daily hit of hopium.

Currently, Safemoon is ranked #218 on coinmarketcap with a market cap of $272,274,510. Moons are ranked #3406 with a market cap of $9,598,829 (ranking is way lower than it should be with market cap).

Safemoon has a 24h trade volume of $24,782. The marketcap to 24h volume ratio is 10,986.

Moons have a 24h trade volume of $169,169. If Moons had the same marketcap to volume ratio, Moons would have a marketcap of ~$1.87b. As a note, the current marketcap to volume ratio for moons is 56.54.

If moons had a market cap of $1.87b, this would be a 194X on the price, meaning instead of one moon being $0.1247, it would be $24.23.

Now, obviously a comparison to safemoon isn't a great one, but when comparing the 24h trading volume (and this is only on 2 exchanges) with other tokens, moons fall closer to the volume of coins with a $50m-$100m market cap, suggesting the interest in moons in greater than the price reflection, meaning they are potentially undervalued.

The high trading volume also can be seen as bullish news for more exchanges to pick up moons. Only time will tell, but I'm super excited for the future of moons!

submitted by /u/002timmy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² Maiar - DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑🟑🟑 Huobi🟑 Kucoin.