KAMALA (or KAMALAMA) is a bit of a newcomer in crypto, but is gaining steady traction. With its particular name and concept, this token has been taking the crypto world by stat.
KAMALAMA is a decentralised company that uses blockchain technology to enjoy secure and transparent transactions. Currently, the price of the token sits at $0.00005457 and up 5.66 percent over the past 24 hours. As this positive movement continues to happen, there are lots of traders spotting the opportunity to get in the crypto space based on prospective growth.
KAMALAMA has a current market cap of $53,157.11 with a circulating supply of 3,788,235,954.72 KAMALAMA and a max supply of temporarily capped. While this may not seem like much compared to more established crypto, the crypto market is extremely fluid, and rankings can shift significantly across a short period of time for any number of factors including market sentiment, technological advancements, and adoption.
In terms of trading volume for KAMALAMA over the past 24 hours, the statistics are $42,033.11 and comprise a 73.12% increase from the previous 24 hours. So, this surge in trading activity may mean more people are starting to care about the token and potentially more liquidity in the future. With a volume to market cap ratio of 79.07%, one could say that trading activity in regards to the token’s overall market value is quite good.
Supply metrics are one of the key aspects of KAMALAMA. 974.04 million KAMLA tokens is the self reported circulating supply, 97.40% of the total supply. This high circulating supply also suggests that a lot of the tokens are in the hands of investors and traders, which can keep prices stable and maintain market liquidity.
The total supply of KSE Tokens are also set at 974.04 million KAMLA, and the maximum supply is capped at 1 billion KAMLA only. It’s so important for many investors to get their hands on this predetermined supply cap, which helps give investors a clear idea of the token’s scarcity and its potential to appreciate in value over time.
The total market cap of KAMALAMA with maximum supply is $54,573.81. This figure shows investors how far along the token may be, which is to say how close the token is to reaching its full potential if all tokens were in circulation at the current price.
Like any cryptocurrency, it is important to do your research and know what the technology and use cases underpinning KAMALAMA are used for as well as the team here behind it. As you know, the crypto market is one of the most volatile markets and brings with it its own set of opportunities for huge gains but also our own fair share of risks.
KAMALAMA revealing recent price movement and trading volume tells the tale of growing interest in the project. This is something to keep in mind as past performance isn’t indicative of future crypto market results. The future performance of a token can be determined by a variety of factors like regulatory changes, technological advancements and the general attitude in the market.
For those interested in KAMALAMA, it’s advisable to stay updated on the project’s developments, community engagement, and any partnerships or collaborations that could potentially drive adoption and value. Meanwhile, diversification continues to be a cornerstone of the crypto space; ASIC emphasises that whatever the chosen digital asset, investors should take into account their risk appetite and investment targets before allocating funds.
The cryptocurrency market is continuously growing and it’s tokens like KAMALAMA that indicate the ever innovation and the diversity of the space. It remains to be seen if KAMALAMA will become a key player on the long term, but the fact that its market is currently performing well and its unique positioning makes it a token which is well worth watching for crypto fans and investors.
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