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TürkçeVenom Information
Venom is an innovative blockchain platform designed to enhance scalability and security for decentralized applications. Its unique consensus mechanism aims to streamline transactions while providing a user-friendly experience for both developers and end-users. As the crypto landscape evolves, Venom positions itself as a promising solution to the challenges faced by existing networks.
Understanding Venom: A Deep Dive into the Cryptocurrency
Venom is a cryptocurrency that has garnered attention for its unique features and potential in the evolving digital asset landscape. With a current price of $0.082, Venom has experienced significant fluctuations, making it a point of interest for investors and analysts alike. This article will explore the advantages and disadvantages of Venom, retrospectively assess its performance, and consider its future prospects.
The Pros of Venom
One of the notable advantages of Venom is its strong market capitalization, currently standing at approximately $153.89 million. The project is positioned well within the crypto ecosystem, which gives it a certain credibility among investors. Venom has a Circulating Supply of over 1.87 billion tokens, with a total supply capped at around 7.25 billion, making it relatively accessible for new buyers and providing ample liquidity in trading.
Moreover, Venom's development roadmap outlined in its whitepaper showcases a commitment to technological advancements and community growth. The project aims to facilitate decentralized applications (dApps) and streamline various sectors, potentially bringing utility and functionality to the blockchain space that could drive future demand.
The Cons of Venom
While there are positive aspects, Venom is not without its challenges. The coin experienced a steep decline in value, with an All Time High (ATH) of $0.7824 in March 2024, down a staggering 89.51% since then. This dramatic downturn raises concerns about its volatility and sustainability in the long term.
Additionally, as with many cryptocurrencies, Venom faces competition from more established tokens. The proliferation of alternative coins can dilute its market share and hinder widespread adoption. Regulatory challenges are another consideration that could impact its growth trajectory, especially as governments worldwide tighten their grip on the cryptocurrency market.
Historical Performance and Market Insights
Historically, Venom's price action has been marked by significant swings, reflected in its 24-hour high of $0.0833 and low of $0.0817. The recent market cap changes also highlight active trading, with a 0.27% increase in market cap over the last day. The recent All Time Low (ATL) recorded was $0.0754, demonstrating a potential resilience as it bounces back towards higher levels.
Future Outlook: What Lies Ahead for Venom?
Looking ahead, the future of Venom depends on a multitude of factors including market conditions, community engagement, and continued technological development. If Venom can maintain a clear vision and execute its roadmap effectively, it holds potential for recovery and growth. The rise of decentralized finance (DeFi) and blockchain technology's integration into various industries may also play a significant role in boosting Venom's utility and value.
Investors should remain cautious, keeping in mind the inherent volatility and risks associated with cryptocurrencies. Continuous monitoring of Venom’s developments, market trends, and regulatory landscape will be crucial for making informed investment decisions.
Conclusion
Venom presents a compelling case in the cryptocurrency market, blending potential advantages with notable risks. As it navigates through the challenges of a competitive landscape and strives for innovation, the coming months will be pivotal in shaping its standing in the digital currency realm. For those willing to delve deeper, understanding Venom beyond its price may yield intriguing opportunities as the market continues to evolve.
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from price
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General Information |
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Title
Venom
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Symbol
venom
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Whitepaper
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Website
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Community
-
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Last Updated
2024-12-09 23:59
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Price Data |
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Current Price $
0.071509
$
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High 24h
0.076985
$
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Low 24h
0.071404
$
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Price Change 24h
-0.0054757592161619
$
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Price Change % 24h
-7.11277
%
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Market Data |
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Market Cap
135577857
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Total Volume
1082067
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Market Cap Change 24h
-10124462.016234
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Market Cap Change % 24h
-6.94873
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
1895646431.8927
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Total Supply
7254012169.03
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Max Supply
8000000000
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Historical Data |
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All Time High (ATH)
0.782403
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ATH Change %
-90.86175
%
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ATH Date
2024-03-25 11:36
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All Time Low (ATL)
0.06348
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ATL Change %
12.63134
%
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ATL Date
2024-11-22 18:23
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