What is Perry ($PERRY)? Tokenomics and Market Data

Perry (ticker: PERRY) is a cryptocurrency gaining attention in the crypto world. When this article was written, 1 PERRY is worth $0.000790 USD, with a 24-hour trading volume of $582,865 USD. The token has a circulating supply of 1,000,000,000 coins, while the maximum supply is not disclosed.

It is ranked approximately #2189 by market capitalisation, with a live market cap of about $789,717 USD. Its low price and small market cap make it an asset of interest for speculative investors seeking potential high returns.

Why Perry Is Catching Eyes

PERRY has experienced significant price movement recently. In the last 24 hours, the token has surged by 63.35%, making it notable among small-cap cryptocurrencies. Such volatility draws attention from traders who look for momentum in emerging tokens.

Because the circulating supply is known but the maximum supply is unclear, there is a degree of uncertainty regarding future token release. This can either create opportunities for growth or add caution for potential investors.

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PERRY’s appeal lies in its high-risk, high-reward nature. Investors should understand the potential for rapid gains, as well as the risk of price swings due to market sentiment or supply changes.

Tokenomics and Market Data

The tokenomics of PERRY show a circulating supply of 1 billion coins. The absence of a maximum supply figure means that more tokens could be issued in the future, which might affect its value.

The current 24-hour trading volume suggests there is moderate liquidity, enough to allow trading without extreme slippage. However, with a ranking of #2189, PERRY remains a minor player in the crypto ecosystem. Traders should consider liquidity, market depth, and project backing when evaluating the token.

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What PERRY Means for Investors

Investors may find PERRY appealing because of its small market cap and recent price surge. Its volatility provides potential for high returns, though losses can be equally rapid.

The uncertain maximum supply introduces a risk factor, as future token issuance could dilute current holdings. This highlights the importance of cautious and informed decision-making when investing in emerging cryptocurrencies.

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Conclusion

PERRY is a small-cap cryptocurrency with a circulating supply of 1 billion tokens and no confirmed maximum supply. Its price volatility has attracted interest from traders seeking speculative opportunities.

Investing in PERRY involves both potential rewards and risks. Monitoring price movements, understanding tokenomics, and using a reliable platform like Bitrue can help investors make informed decisions.

FAQ

What is the current price of PERRY?

As of now, PERRY trades at approximately $0.000790 USD.

How many PERRY tokens are in circulation?

There are 1,000,000,000 PERRY tokens currently in circulation.

Is the maximum supply of PERRY known?

No, the maximum supply is not publicly confirmed, which adds uncertainty about future dilution.

What is PERRY’s market capitalisation?

The live market cap is around $789,717 USD, based on the circulating supply and current price.

Could PERRY be a high-reward investment?

Yes, due to its small market cap and low price, it may offer significant upside. However, this comes with high volatility and potential risk from future token issuance.