By madmin 
With the entrance of a new player in the digital asset field, a move worth noting is now in place among cryptocurrency enthusiasts. VIRTUALS has designed the REXBT token, and it was launched on the crypto market, which developed rapidly among the traders and has a good response from the investors. It is a young currency with a current price of $0.004205 that has already shown very high volatility by increasing its price by 12.26% in just 24 hours.
REXBT’s market capitalization is $4.2 million, a figure that is unchanging, with the changes in the last week to its price. The market cap remaining prices seem to show that the investors are staying and are thinking that the project is quite a good one in the long run. The trading volume of the last 24 hours has remarkably gone up to $652,540, which is a 1.75% increase rate, and that stands for the active interest from the community of traders.
What makes REXBT stand out is the method it uses to regulate its supply. REXBT offers a fully diluted model with the supply cap set at 999.99 million tokens. This supply limit will also be the maximum supply. The approach taken by REXBT is uncommon as the rest of the digital currencies usually have a step-by-step release schedule or a mining process. Bringing the whole supply to the market suggests that there may potentially be very serious implications concerning the token’s economic efficiency and the distribution process.
The publicly reported circulating supply is equal to the whole supply, meaning the whole REXBT stock is currently in the market. Such candor regarding the allocation of chips is generally acknowledged by those who are looking for an exact number of them and the possibility for a possible dilution of a certain asset. On the other hand, this might mean that the team members have a robust plan to manage such a massive circulating supply and still have a price stability and growth.
The fully diluted valuation (FDV) of REXBT is in line with its market cap at $4.2 million, just as expected, due to the full circulation of tokens. An additional aspect that further suggests this alignment is a benefit to some financial analysts is that eliminating concerns about future dilution that are often faced by the cryptocurrency projects with large reserves of unminted or unvested tokens.
The volume-to-market cap ratio for REXBT for the last 24 hours looks great at 15.51%. This large ratio is likely a sign that the trading activity around the currency is higher compared to the overall market value. Such a ratio mostly derives from good liquidity and the traders’ interest in a new token, both of which are crucial for the token’s success and correct price discovery.
Investors should always be careful and cautious when it comes to new cryptocurrencies. The 12.26% price jump of the token in a single day is a vivid example of how the crypto market is very much unsettled and, therefore, highly favorable to the newly launched assets. Even though such profits are the thing that everybody wants, the fact remains that they also come with some risks and might cause a correction to the prices.
The company, shortly known as REXBT and traded under VIRTUALS, represents a somewhat undefined persona, as they have very few details about the name of one of the members or the kind of token they are releasing. The lack of information on the project’s background or use case may leave the more cautious investors fretting over the security of their investment. The performance of the company, which hides its roster at first and then updates it, is typical in the crypto world. It’s common for a project to obtain investors’ support before disclosing their official team and work plans.
The time when REXBT provisionally makes a place for itself in the market seems to be the moment when the main coin family of cryptocurrencies is under a wave of hype and instability. Bitcoin, the trade leader, is at the moment of bounce back after a protracted bear market period, which usually influences other tokens, such as REXBT, in the opposite direction.
Ripple should perform an REXBT in terms of its successful path that complicated by the fact that certain factors are likely to result in the success of REXBT, such as the development of the features or the use cases that the team promised, the token’s own existence on the exchanges and the utilization of it by the users, last but not least and also be is a way to differentiate itself from the already numerous altcoins and tokens in the market.
The entire Tron network of different apps is watching REXBA’s progress, which has, in effect, unintentionally catalyzed questions about REXBA’s ability to make substantial changes or create new additions to the blockchain ecosystem. The token working on a low price will attract most of the investors out there now, and hunting for the next crypto that will rise to the moon is the trend right now. Research actually gains even more importance as, in the case of low pricing, people try to find the cheapest coins where there are still good options to invest.
In the weeks and months to come, industry analysts will be keeping an eye on REXBT’s capacity to reinforce and maintain its momentum by building a token that will not only survive but will, in fact, become a sustainable ecosystem. To accomplish these things, the project’s efficacy in forging partnerships, growing the community, and providing tangible solutions will be vital in the competitive world of cryptocurrencies.
Just like with any other investment in the crypto sphere, the advisable ones who intend to buy assets need to remain cautious, diversify their portfolios, and let it only be what they can afford to lose. The REXBT story has just started, and only with time passing will it be made clear if it will gain a fair share of its digital asset niche or if it will just join the already obscure crowd of tokens.