Xodex (XODEX) is one of the less recognized digital currencies that is coming through the-ranked digital currency market. At the moment they sit at $0. 0002445 and a rise of only $ 0. 64%, Xodex is not as popular as the leading cryptocurrencies, but the data shared above provide some features that might make Xodex an attractive choice for some investors.

It was established that Xodex has a market capitalization of roughly $1, andleckinha. 64 million it currently occupies a very low position on the list and is currently ranked at 2678 stand on the list of popular digital currencies. In terms of market capitalization, a relatively small figure of $ 18 billion as of late September 2018 implies Xodex is still in its infancy stage and carries more risk than investment to other famous coins. However, for those investors who aim at high profitability along with the assets unknown to the mass, they may see that Xodex has a very small market capitalization as a potential opportunity to invest in its potential growing project.

Yet another interesting fact we can identify is Xodex’s 24-hour trading volume of $267,475,169, which comfortably surpasses its market capitalization of $79,058,227. This is because the daily trading volume is said to be $4. This shows that approximately 36 million people has been affected; translated to percentage this is a humongous 63%.

The trading activity witnessed a 67% increase in the trading activity in the last one day. This makes Xodex to be trade at #525 in terms of trading volume which is significantly lower than its market capitalization ranking. The volume to market cap ration though is a staggering 256. 94%, which he said is rather high for the sphere of cryptocurrencies. This ratio indicates that the coin is arguably being traded way above its true market value which could be as a result of speculative selling or Buying ahead of key milestones or anoxic events.

Another point which may attract the attention is the fact that the circulating supply of Xodex is 6. It is worth mentioning that 8 billion XODEX tokens are said to be in circulation at the moment. This makes up 68% total of the total tokens in circulation out of total supply of 9. 3 billion XODEX. That a significant percentage of the entire token pool is already in the public domain may mean that there is little chance of high dilution in the coming months. But if the overall circulating coins cannot exceed 10 billion XODEX that is created at the beginning of the year this option does not close the door to other coins to enter the market which may affect the price depending on demand.

Under the fully diluted method the market capitalization of Xodex is $2. 44 million which refers to the circulation of the coin for a glimpse of its future usability in the case that all tokens are in circulation. This value is reasonably close to the current market cap, and thus, it can be meaning that the market does not actively discount the future supply risks. Such outlook might encourage investors because it wants to convey that Xodex is now either competitively priced or that the market anticipates equal growth in demand for the commodity.

However, as established by the high volume to market cap ratio it is important to discuss the conditions that could have led to the high levels of traded volume. It could be due to speculative interest which could be as a result of the news, the rumors and or the planned development within the Xodex ecosystem. Then again, it may be attributed to a specific industry that more often experiences a lot of fluctuations due to large lot trading. It is for the would-be investor to know why a given commodity or stock is being traded at a high frequency because, to him, if the trading volume is high that must be an added advantage to his venture.

In conclusion, it can be stated that both trading in Cryptocurrency and Xodex comes with its risks and is a high risk well as high-reward product depending on market fluctuations. At a low price and small market cap, it is especially easier to invest risk capital in this kind of an asset.

The distinction between the volume and the market capitalization reveals that Xodex is dominated by tremendous trading activity at the current period which may cause short-term fluctuation in stock price. It has a large portion of its total supply in current circulation and has a relatively small fully diluted market capitalization which contributes to the shares of potential and dangerous fluctuations making Xodex an interesting option for those who are trying to find something new in the world of cryptocurrencies.