Finding Gems in CoinMarketCap - SUPERCATS
In this series of stories I will try to analyse the new cryptocurrencies that are being launched on the market, through an analysis of their tokenomics, to see whether or not it is worth investing in such a project.
In this story we will analyse the cryptocurrency SUPERCATS
Disclaimer
What I show here are theoretical results of some of the current indicators that we can obtain from the cryptocurrency. A high percentage of the cryptocurrencies I analyse will fail. Before investing, do your own research on each of the projects.
What is SUPERCATS
This project was created by a group of experienced individuals who have years of experience in the crypto world. The team’s aim is to turn Supercats into one of the biggest and most respected projects of 2022 and beyond. Past experience has shown us just how powerful cat meme coins can be. Not only will this project bring you amazing utility and use case but Supercats will be known for years to come as the superhero to many struggling projects.
Analysis
The first thing we are going to do is estimate the price this cryptocurrency could reach, if it reaches a market cap of 5,000,000,000 $. I have chosen this market cap as a reference because it is not very high and I do not see an impossible value to reach.
Its current market cap is 1528801.0 $ at a price of 1.529e-07 $. If the estimated market cup were to be reached, we would have a price of 0.0005 $. This means an increase in the price of 326911.12 %.
As the total supply and the maximum supply are equal, we have a cryptocurrency that is not inflationary, and therefore it is more likely that the price will increase against the dollar.
Cryptocurrency trading volume in the last 24 hours has been 24736.0 $, with a ratio to its market cap of 0.01618.
This implies that the cryptocurrency is not being very volatile, so it is currently unlikely to see a rapid rise in price.
Conclusions
Pending further study of the project, so far the project does not seem to have taken off. This means that it may take off in the long term or never take off at all. I would not invest here right now. It is also a memecoin, which for me excludes it completely.