Brian Griffin, a token within the family of cryptocurrencies named after the famous cartoon character called Family Guy, has been a trending topic in the crypto market. BRIAN is currently at position 4235 on the exchange, and the price for BRIAN is $0.2633, which has risen by just 0.63% over the last 24 hours.
The token holds the market capitalization of $332,140, indicating the current position of the token in the diverse crypto sphere. BRIAN is currently ranked at 20 th on the exchanges GUI and its 24hour trading volume has recorded a 15.91 trading volume increase implying increased investment by traders.
The other factor that gradually characterizes BRIAN is its scarcity. The entire supply of tokens is fixed at 1 million, and at the same time, this is the amount of tokens in circulation. This fixed supply, could make the token scarce and this could mean the value of the token improves if the demand for the token grows over time.
Following a similar fashion, the fully diluted valuation (FDV) of BRIAN is $263,330 which seems to be a tiny bit lower than seasoned market capitalization. This suggests that not all tokens are currently circulating, this may be a huge issue when more such tokens find their way to the market.
At 9.97%, BRIAN has a relatively good volume-to-market cap ratio – the firm has a fair amount of liquidity given its size in the market. It may be a valuable factor for the trader attempting to understand how much the token’s price may fluctuate when engaging in large-quantity trades.
Like other cryptocurrencies influenced by pop culture the future BRIAN’s performance may well be determined by the amount of people that get behind it and the usability of the platform. Even if the token generated goodwill out of the fans of the TV character people are likely to invest in the token to build a viable community based on the unique benefits that the project presents in the broader decentralised landscape.
Investors and enthusiasts should monitor how BRIAN progresses, who it attracts as a community, and any partnerships they may come to form as key signs of its future in the continuously growing space of cryptocurrencies.
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