What is PRXVT by Virtuals (PRXVT)? Price Chart and Tokenomics Explained

In the ever-evolving world of cryptocurrency, there are numerous tokens being introduced regularly. One of the newer ones to catch the attention of investors and enthusiasts is PRXVT by Virtuals (PRXVT).

But what exactly is this coin? How does it work, and what makes it stand out in the crowded crypto market? We will dive into what PRXVT is, its unique tokenomics, and its potential in the blockchain ecosystem.

Whether you're a seasoned investor or just getting into crypto, understanding this coin could offer you valuable insights.

What is PRXVT by Virtuals (PRXVT)?

PRXVT by Virtuals (PRXVT) is a cryptocurrency designed to serve a distinct purpose within the growing blockchain industry. It’s a utility token primarily focused on enabling users to engage with various decentralized applications (dApps) in the Virtuals ecosystem.

The PRXVT coin is built on strong principles of scalability and security, making it a noteworthy option in the world of digital assets.

PRXVT by Virtuals is designed to cater to a wide range of users, from developers to traders. It has a market cap of over $1.3 million, showcasing a solid start in the crypto world. In addition, it has a fully diluted valuation of around $2.7 million, signaling potential growth.

PRXVT is more than just a token for transactions. Its tokenomics play a significant role in the overall ecosystem's success.

With a circulating supply of around 484 million and a total supply capped at one billion, the scarcity of this token makes it a potentially attractive investment option.

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PRXVT Price Chart Analysis

PRXVT by Virtuals (PRXVT) token address: 0xc2ff2e5aa9023b1bb688178a4a547212f4614bc0

Looking at the PRXVT price chart over the past week, it’s clear that this cryptocurrency has been on an interesting upward trajectory. The price has experienced notable fluctuations, highlighting the volatility typical of many digital assets.

The chart shows a steady increase in value, with occasional dips and rallies that reflect market trends.

As of the latest data, PRXVT is priced at $0.002695, with a significant 14% increase in its value over the past 7 days. The price range in the last 24 hours fluctuated between $0.002166 and $0.003623, showcasing an active trading range.

The recent surge indicates a growing interest in PRXVT, with its price reaching higher peaks in the early morning hours on November 12th.

These price movements suggest that PRXVT could be gaining momentum in the market, potentially attracting new investors and traders looking for opportunities in the crypto space.

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Key Insights from the PRXVT Price Chart:

• Price Growth: The price has been climbing steadily, with a 7-day increase of 14%, showing potential for future growth.
   
• 24-Hour Range: The price has ranged between $0.002166 and $0.003623, indicating active market participation.
   
• Market Behavior: The chart shows fluctuations, but overall, PRXVT seems to be trending upwards, especially in the past few days.
  
   

As PRXVT continues to grow, monitoring its price fluctuations and trading volume will be key for investors looking to enter or exit the market strategically.

PRXVT Tokenomics Explained

Tokenomics refers to the economic structure of a cryptocurrency, including how the coins are distributed, their total supply, and how they are intended to be used within the ecosystem. For PRXVT, understanding its tokenomics is crucial for investors looking to make informed decisions.

Here’s an overview of the key aspects of PRXVT's tokenomics:

• Circulating Supply: 484,146,456 PRXVT tokens are currently in circulation. This number gives a snapshot of how much of the coin is available in the market at any given time.
   
• Total Supply: The total supply of PRXVT is capped at 1,000,000,000 tokens, ensuring a level of scarcity that could influence its value over time.
   
• Market Cap: At the time of writing, the market cap of PRXVT stands at $1,304,973, which reflects its current valuation and growth potential.
   
• Trading Volume: The 24-hour trading volume for PRXVT is over $1 million, demonstrating active trading and interest from investors.
   

PRXVT's tokenomics are designed to support long-term growth and ensure that the coin remains relevant in the cryptocurrency space.

Conclusion

In summary, PRXVT by Virtuals (PRXVT) is a utility-driven cryptocurrency that is making its mark in the blockchain ecosystem. With solid tokenomics, a growing market cap, and strong potential for use in various decentralized applications, PRXVT is a coin worth keeping an eye on.

Its accessibility and scalability make it a promising asset for both seasoned and new investors.

Want to explore more about crypto trading or learn about the latest trends in digital assets? Head over to Bitrue Exchange to start trading or check out the Bitrue Blog for the latest crypto news.

FAQ

What is the main purpose of PRXVT by Virtuals (PRXVT)?

PRXVT is a utility token designed to enable users to interact with decentralized applications within the Virtuals ecosystem.

How many PRXVT tokens are in circulation?

Currently, there are approximately 484 million PRXVT tokens in circulation out of a total supply of 1 billion.

Where can I buy PRXVT tokens?

You can buy PRXVT tokens on various cryptocurrency exchanges, including Bitrue Exchange.

What is the market cap of PRXVT by Virtuals (PRXVT)?

As of now, the market cap of PRXVT is over $1.3 million.

What makes PRXVT a good investment?

PRXVT offers strong tokenomics, scalability, and potential use in decentralized applications, making it an appealing choice for investors.