As investors flock into the world of cryptocurrencies a new entrant arises from the emergence of a new generation technology. New digital currency that has come to the public’s attention is Shisha Coin with its symbol being SHISHA; it depicted good performance and viable capacities.

At the current market relevancy, it stands at a position of #4544 in the world cryptocurrency market, and has shown impressive growth in a competitive market space. The current price for the coin is $0.5726 as at 24/7/2021 and this is 0.62% higher from the preceding 24 hours. Still, this upward trend however marginal as it many be considered in this volatile market is significant.

Certainly, the largest highlight of Shisha Coin is its market capitalization, which stands right now at $ 39.84 million. It is the amount of the total SHISHA tokens in circulation and playing an important role in assessing the coin’s market capability. The constant and rather high level of the market cap in the recent period indicates that there are no reasons for doubts regarding the further growth of the coin from a long-term perspective among investors.

Volumetric indicators are mainly recognized as one of the key factors that determine the state of a cryptocurrency and investors’ interest in it. In the case of Shisha Coin, the volume of trading within a single day has gone up to $18.49 thousand, or 30.15% more. This increase in trading activities shows that more investors and traders are developing an interest in buying and investing in more of the SHISHA market products.

The fully diluted valuation (FDV) of Shisha Coin reflect its market capitalization, and amounts to $39.75 million. A market capitalization close to the FDV indicates a good distribution of tokens and gives room to hope that the designers of the coin have put a good amount of thought into the economics of the coin.

A peculiar value to look at is the Volume-to-average market cap ratio, currently at 0.04675%. This figure, however, is not strange, especially so for emerging or relatively less popular cryptocurrencies. However, as market interest in Shisha Coin rises and the ratio surges with it, the above may not hold true.

It’s appropriate that the total number of Shisha Coins is limited to 69.42 million SHISHA tokens, the same as the current circulating number. This means that all tokens are in circulation, eliminating the possibility of future dilution of existing token holders. Base total supply and circulating supply are similar. The total maximum supply of SHISHA is 69.42 million tokens, and the limited number of tokens in circulation is a strong indicator of deflation in the world of cryptocurrencies, which may be useful for investors.

However, despite such a success of Shisha Coin, one has to remember that cryptocurrency is famous for its fluctuations and instabilities. Any investor who is interested in a particular stock should also desist from investing unless they have done their homework right as well as understand the level of risk that they are willing to take.

The team behind Shisha Coin seems to be fairly honest, alongside self-reported numbers matching the actual performance indicators in the market. Such an open approach can be vital for gaining trust within the crypto sphere, especially, for the young projects.

Like with other new generation coins, Shisha Coin’s future can be defined by several drivers such as technology, practical applications, demand, and the state of the market. Thus, its capacity to sustain this current development path as well as extend its market coverage would be instrumental in forecasting the future of the coin in the rather stiff crypto environment.

Conclusively, the Shisha Coin can be seen as a rather very young type of digital currency and, as such, exciting in the cryptocurrency market. Despite the high competition among the virtual CFD providers and more new entrants joining the market every year, it has accumulated an impressive experience, shows steady growth in trading volume, and uses transparent strategies to perform its functions. As with every other dawn of the blockchain age, coins such as SHISHA provide chances and hurdles for investors and users. As you have already discovered, Shisha Coin has the potential of growing into a prominent brand in the realm of cryptocoinage or remain a mere silent little investment which is unique in this line of business at the moment, Shisha Coin boasts of quite impressive figures in its niche.