Gold Standard (BAR) has seen a notable increase in its market performance over the past 24 hours, with its price rising by 7.29% to reach $11.51. This growth indicates a positive trend and growing investor confidence in the token.
The market capitalization of BAR stands at approximately $10.62 million, maintaining a zero percentage change. This valuation places BAR at the #2685 position among cryptocurrencies, highlighting its presence in the market despite being a relatively lesser-known token. The stability in market cap percentage suggests a consistent valuation, even with the recent price increase.
The trading volume for BAR in the last 24 hours is $2.84 million, reflecting a significant 38.44% increase. This surge in trading activity underscores heightened investor interest and engagement with the token.
The volume-to-market cap ratio is an impressive 26.74%, indicating robust trading activity relative to its market capitalization. A high ratio like this often points to increased liquidity and market interest, making BAR an attractive option for traders and investors.
BAR’s self-reported circulating supply is 922,299 tokens, which constitutes 92.23% of its total supply of 930,541 tokens. The high circulation percentage provides a clear view of the token’s availability in the market. The max supply of BAR is capped at 999,999 tokens, ensuring a finite supply and potentially enhancing its value through scarcity.
The fully diluted market cap of BAR, assuming the total supply is in circulation, is $11.51 million. This metric provides a comprehensive view of BAR’s potential market value if all tokens were to be traded.
The slight difference between the current market cap and the fully diluted market cap suggests that BAR is close to its maximum potential valuation, barring significant market changes or external factors.
The 7.29% increase in BAR’s price is indicative of growing market confidence and investor interest. Coupled with the substantial increase in trading volume, this price rise signals a period of positive momentum for the token.
The stable market cap and high volume-to-market cap ratio further reinforce the notion that BAR is attracting significant market activity and liquidity.
In summary, Gold Standard (BAR) has demonstrated a positive trend in its recent market performance. The 7.29% increase in price, substantial trading volume, and high volume-to-market cap ratio underscore its dynamic presence in the cryptocurrency market.
As BAR continues to gain traction, monitoring market trends and developments will be crucial for stakeholders looking to leverage its potential. The transparent supply metrics and stable market cap highlight BAR’s potential as a promising investment in the evolving cryptocurrency landscape.
