It is for this reason that there is usually a new entrant in the list of cryptocurrencies, with the newest being THUG coin. This latest token has attracted a lot of attention within the crypto community, and among investors; due to the promised high-speed initial performance, which has elicited active interest among the community.

As of now stands at $0.065079, THUG coin has a gain of 10.48% in the last 24 hours, and this is at relatively early stage of its trading. At the time of writing this report, THUG holds a market capitalization of $507,882.84 and it holds a 5318th position in the list of all cryptocurrencies, which is a good place to be when a token has just been launched.

The total trading volume for the coin in the last 24hrs is 3,223.22USD, and it sits in the 4761 rank concerning daily trade volume. This magnitude perhaps small if compared to the highly adopted cryptocurrencies is an affirmative sign of increasing demand and trading activity of THUG in its infancy. The volume-to-market cap ratio that shows the relation of trading activity to the coin size currently stands at 0.0063% signifying that the introduced asset commands decent trading interest.

Though a lot can be said about THUG coin, there is something very notable regarding the supply side of the issue. Based on circulation of tokens, THUG issuing more than a billion tokens of circulating supply which is 50% of the total supply. There is a fairly large circulating supply associated with THUG, which may indicate that the platform’s developers have chosen a high-supply strategy, as an attempt to influence the overall asset value and its availability to users.

THUG also stated that there is a total of 1,000,000,000,000 THUG coins in circulation by the total supply. Nevertheless, its maximum circulating supply is limited at 2 trillion THUG, which means that has potentials of some increases of the token’s circulation. This supply structure gives an idea of the THUG token which could exist in the future and the Inflation rate of the tokens that’s a key determinant among intelligent investors when investing.

Assuming the current price and maximum supply, the Market capitalization of THUG coin at a Fully diluted state is 1.02million dollars. This metric presents the view of market capitalization on the assumption of circulating the maximum supply at the current price and shows the potential size of the THUG ecosystem.

Like with any other newly launched crypt currencies potential investors should approach THUG coin with an open mind and some measure of discretion. Therefore, although the charts provided above present preliminary figures in performance and supply, several aspects will define the THUG’s sustainability and widespread usage in the future, including tech type, purpose, development group, and fans.

Cryptocurrency is almost unconsciously inconsistent on market and has high rates of changes; furthermore, new coins such as THUG as a rule, show high tendencies of fluctuation in the first days after their trading. Further, the volatility is still relatively high and shoppers should perform their due diligence when investing in these stocks.

It should be also recognized that the name “THUG” can be quite provocative and cause questions as to what exactly does the author of the project expect to achieve with such branding? There is a chance that the creators of such an adventurous name aim to attract attention in the sphere of cryptocurrencies where everyone wants their own token, or it is connected with some particular idea or a purpose of the token that has not been disclosed yet.

Going forward, the future value of THUG coin will be determined with keen interest in relation to the furtherance of the ecosystem around THUG, partnerships, and use cases. The next few weeks and months will be critical for THUG to showcase the solution and to clearly state how it sets itself apart from the large number of competitors that are out there seeking attention and funding for their respective cryptocurrencies.

In conclusion, the new crypto called THUG coin is entering the market and becomes a new addition to a constantly changing list of digital assets. Thanks to its peculiar supply system and first performance in the market, THUG has received some attention at its start. As with all new cryptocurrencies, only time will tell whether THUG is capable of maintaining the interest and its place in the marketplace is secure. Everyone from investors to fans will be interesting in how this new player will tackle future lessons and opportunities in the field of cryptocurrency, well known for being volatile in many aspects.