By Ricky S 
Out of the blue, the newly added cryptocurrency Nitro (NITRO) has turned into a star of the show due to its impressive rise in price, thus, investors and analysts are looking at it with excitement. As I write this, the token is on position #4189 in the cryptocurrency market and its growth rate is 27.16%, which is insanely high, having in mind that in just 24 hours the price of the token reached $0.055039.
This unexpected rise brought Nitro’s market capitalization to $2.11 million, a number that despite the price’s explosive movements has not changed a bit. The trading volume has gained a top-notch peak, the turnaround being the highest so far, and $86.27K was traded in a matter of 24 hours, rising a total of 333.21%.
One other aspect that caught the eye of the technical community in Nitro’s recent performance is its fully diluted valuation (FDV) that is now $2.11. A metric like this generally is used in the field when one needs to predict future market cap after all tokens are distributed if the new investors chip in.
The proportion of token trading volume to a cryptocurrency market cap is, to a large extent, a pivot of the token success story. Presently, it is at 4.07%, which is a good sign of a healthy liquidity and high trader interest, thus a token can be stable in the short-term and develop also in the long-run.
Nitro’s tokenomics have been attracting the attention of enthusiasts, too, because of the clarity and stability it provides. With 420 billion NITRO tokens generated in total and a max supply also set to 420 billion tokens, the development team decided to implement a fixed monetary policy.
Such a policy can be very inviting for those who seek a digital currency that has a strategy of issuance of coins that is unambiguous as well as predictable over time.
It is very interesting to note that the self-reported circulating supply equals the total and max supply, and it stands at 420 billion NITRO. This kind of distribution of tokens is considered fair play by the crypto community, as it doesn’t let people worry about potential token sells by large holders or team members.
The recent price movement of NITRO has triggered debates about its potential for further growth. To some experts the low market cap of the token is an opportunity for a higher profit, but others doubt the volatility of the newly listed cryptos.
Just like any newly-created crypto coin, potential investors have to carry out elaborate research and be careful. The cryptocurrency market is fluctuating a lot, and beginners such as Nitro are quite vulnerable to steep corrections after periods of rapid growth.
Nonetheless, the excitement over Nitro is noticeable despite these concerns. Social media platforms and crypto forums are quite lively due to the discussions and predictions about the token’s use case and the team behind the project. Many eyes are watching for Nitro to present a roadmap of its future development ‘and how it is going to be standout in a space crowded with cryptocurrencie.
The timing of Nitro’s ascending THE SEVERAL DAYS is quite notable as it is happening exactly at the time when the overall crypto market is recovering. The major trendsetters among cryptos such as Bitcoin and asset coins are keeping market momentum and the smaller coins are certainly enjoying the benefit of attracting investors.
Nevertheless, Nitro’s sustainability is uncertain. The critics argue that such rapid price increases are often followed by equally sudden downs, especially for the tokens with a limited track record. They stress that it’s essential to know the principles of any crypto investment.
Nitro’s supporters, on the other side, indicate a strong initial performance of the token as a sign of its flourishing. Thay insist that in the world that is full of the rapidly moving cryptocurrency, early birds can instatntly become big players if they keep their promises.
While the crypto sphere’s eyes are glued to the Nitro’s path, the question of its viability in the long run is still not settled. Will it be able to keep up the momentum and climb to the ranks of well-known cryptocurrencies, or will it just be forgotten like so many others in the past? Only time will tell.
However, Nitro at present is a living soul that symbolizes the dynamic and at the same time the unpredictable cryptocurrency market. Its amazing rise is a warning sign of the dangers and possibilities present in this digital frontier, where money can be won or thrown away in just a second.
In the wake of the nearly vanished excitement over the new crypto sensation, investors & fans will surely keep a close watch on the next moves of Nitro. The possible scenarios that will help us draw interesting conclusions are whether it is a song that is played over and over or merely an episode that one may pick up.