Fractal Bitcoin Price Overview and Market Analysis

Cryptonews John Brightwater September 17, 2024

Fractal Bitcoin Price Overview and Market Analysis

Summary
Fractal Bitcoin (FB) is traded across multiple exchanges with a real-time price based on a global volume-weighted average. The current market capitalization is $43,942,607, while the fully diluted valuation stands at $2,711,600,794. FB exhibits significant liquidity challenges as indicated by a 61.80% drop in trading volume and is currently underperforming compared to the wider cryptocurrency market.

The price of Fractal Bitcoin (FB) is determined through real-time data aggregation from eight exchanges and nine markets, utilizing a global volume-weighted average methodology. The current price has reflected fluctuations over different periods with a notable market capitalization of $43,942,607, ranked 652nd on CoinGecko. As of the latest data, Fractal Bitcoin’s circulating supply stands at 1,712,075 tokens, while the total supply reaches 105,648,350 tokens, capped at a maximum of 210,000,000 tokens. The fully diluted valuation (FDV) of FB is reported at $2,711,600,794, marking its hypothetical maximum market capitalization should all tokens be in circulation. Recent trading data indicates that the FB token experienced a 24-hour trading volume of $23,020,103, reflecting a considerable decrease of 61.80% in market activity compared to the previous day. In terms of price performance, FB has experienced both an all-time high of $38.80 and an all-time low of $21.50, with the current price approximately 32.20% lower than the peak yesterday and 22.35% higher than the low recorded shortly thereafter. Fractal Bitcoin is available for trading primarily on centralized exchanges, with Gate.io reporting the highest trading volume in the FB/USDT pair, affirming its position as a leading marketplace for this cryptocurrency. The performance of Fractal Bitcoin relative to the broader cryptocurrency market shows underperformance, with no change in price over the past week, while the global market has increased by 1.00%, and similar Proof of Work cryptocurrencies rising by 3.50%. With ongoing dynamics within the crypto space, Fractal Bitcoin continues to draw attention as traders investigate its potential amid fluctuating volumes and price changes.

Fractal Bitcoin (FB) represents a notable entry in the cryptocurrency market. As with many cryptocurrencies, its price is subject to fluctuations influenced by market activity, trading volume, and investor sentiment. Understanding how FB’s price is calculated and its market capitalization can provide insights into its current and future valuation within the context of the larger crypto ecosystem. The methodology for calculating cryptocurrency prices often involves aggregating data across multiple exchanges and employing volume-weighted averages, which is integral for determining a fair market price. Additionally, calculating market capitalization and fully diluted valuation is essential for assessing the overall market health of a cryptocurrency and its potential for growth.

Fractal Bitcoin has established itself within the cryptocurrency landscape, characterized by its real-time price calculation methods that reflect ongoing market conditions. Despite facing recent trading volatility, including significant drops in market activity and price shifts from historical highs and lows, FB maintains a considerable market capitalization. Investors may wish to closely monitor the trading landscape across prominent exchanges as they consider opportunities related to Fractal Bitcoin. Future performance will inherently depend on broader market trends and engagement levels from the trading community.

Original Source: www.coingecko.com