The MOVE token represents a digital asset within the dynamic cryptocurrency landscape. This article provides a detailed look at its current market performance, key characteristics, and broader context within the crypto ecosystem.
MOVE Token Overview
MOVE (MOVEMENT) is a cryptocurrency currently trading at approximately $0.1729. Over the past 24 hours, its trading volume has reached over $76 million, indicating active market participation. While it experienced a slight decline of 0.67% in the last day, it has shown positive movement of over 22% across the past month.
Its circulating supply stands at 26 billion tokens out of a maximum supply of 100 billion. The token's fully diluted market capitalization is estimated around $1.729 billion.
Real-Time Market Performance
- 24-Hour High: $0.182469
- 24-Hour Low: $0.162473
- All-Time High: $1.21778
- All-Time Low: $0.111379
- 24-Hour Volume: 448.2 Million MOVE
- 24-Hour Turnover Rate: 0.17%
- 24-Hour Volatility: 12.31%
Understanding Cryptocurrency Basics
To fully grasp the significance of any token's price action, understanding the foundational technology is crucial. Most digital assets, including MOVE, are built upon the principle of blockchain technology—a decentralized, distributed ledger that records all transactions across a network of computers.
Core Characteristics of Digital Assets
Digital assets like MOVE typically share several key features:
- Decentralization: They operate without a central authority or intermediary, like a bank or government.
- Transparency: All transactions are recorded on a public ledger, visible to anyone.
- Security: Cryptographic techniques secure the network and verify transactions.
- Scarcity: Many tokens have a fixed maximum supply, creating inherent scarcity.
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How to Acquire Digital Tokens
Unless you are a miner, acquiring tokens like MOVE generally involves using a digital asset exchange. The process typically involves these steps:
- Choosing an Exchange: Select a reputable trading platform that lists the token you wish to acquire.
- Account Creation and Verification: Sign up for an account and complete any required identity verification processes.
- Funding Your Account: Deposit fiat currency (like USD) or other cryptocurrencies into your exchange wallet.
- Placing an Order: Navigate to the trading pair for your desired token (e.g., MOVE/USDT) and place a buy order at the current market price or a specified limit price.
Frequently Asked Questions
What determines the price of a token like MOVE?
Token prices are primarily determined by supply and demand dynamics on exchanges. Factors influencing this include overall market sentiment, project developments, technological updates, broader economic conditions, and regulatory news. High trading volume often correlates with increased price volatility.
How can I store my MOVE tokens securely?
You can store tokens in a cryptocurrency wallet. Options include software wallets (hot wallets) connected to the internet for convenience, and hardware wallets (cold wallets) that store assets offline for maximum security. Always ensure you backup your private keys or seed phrases, as they are the only way to recover your funds.
What is the difference between circulating supply and total supply?
Circulating supply refers to the number of tokens that are publicly available and trading in the market. Total supply is the number of tokens that currently exist, excluding any that may have been burned. Maximum supply is the absolute upper cap on the number of tokens that will ever be created.
Is investing in cryptocurrencies like MOVE high risk?
Yes, the digital asset market is known for its high volatility and risk. Prices can fluctuate dramatically in short periods. It's crucial to only invest what you can afford to lose, conduct thorough research (DYOR - Do Your Own Research), and understand the specific project's fundamentals before investing.
What does '24H turnover rate' mean?
The 24-hour turnover rate is a metric that shows the percentage of the token's circulating supply that was traded in the last day. A low rate, such as MOVE's 0.17%, can suggest that a relatively small portion of the available tokens are being actively traded during that period.
Can I use MOVE token for payments?
The utility of any token depends entirely on its design and the ecosystem it supports. Some tokens are designed primarily as a store of value or for trading, while others are meant to be used for payments, accessing services, or governing a protocol. You would need to research the specific use cases outlined by the MOVE project's development team.