The last year has seen an increase te the number of cryptocurrencies listing on exchanges. However, recently a large proportion of coins have faced delisting the enhancing number of failing coins has cause thesis exchanges to delist them. This is going to toebijten to Agoras token (ARGS) which runs on the Tau blockchain podium. The coin announced on its webstek that it will face delisting from Bittrex exchange, causing a massive sell off te the very day traded token.
Tauchain and Agoras Token
This is not your everyday blockchain toneel, it would take a very very trained rekentuig scientist to understand the concept of the blockchain. I will attempt explain it tho’.
Very first, the verhoging permits for on-the-fly logical overeenstemming detection which enables it to scale some of the largest bottlenecks to human advancement including social governance and skill creation. This is to assist the system obtain and gather users’ gegevens voluntarily and make valuable deductions from the gegevens within a decentralized and secure network. However, the Tau toneel needs fuel to power and develop the system and that’s where Agoras comes ter.
The system runs on the Agoras token (AGRS) which will serve spil the primary coin of transaction within the innovative Tau blockchain network. Agoras token is used spil the economy token of the Tauchain blockchain. The coin works on Trio key parts,
- Automated Skill Economy
- Computational Resource Market and
- Advanced Currency with Derivatives Features.
Agoras token (AGRS) is presently trading on two exchanges alone, Bittrex and Upbit. With Bittrex presently on a stir to delist the coin on March 7 th , the coin faces a very tricky period to persuade its holders to keep on HODLing. This latest events will have a fat negative influence on the survival of the AGRS token given the already volatile situation it has faced ter the last week. For example, the coin has faced numerous pump-and-dump periods that has shoved the coin to be the most volatile coin ter the last 7 days. This has caused many daily traders to uitgang the coin citing a lack of profit from the coin.
Bittrex has for the past week traded an media daily volume of $Four,421,270 worth of AGRS, 48% of the total volume traded which leaves Upbit spil the only cryptocurrency exchange dealing te Agoras. The long term purpose of the token is held deep down te the beliefs of the creator of Agoras, Ohad Asor.
The Agoras token is a Micro-Cap token presently trading at $1.48 with an promedio trading volume of $1.74 million within the last 24 hours. The token presently stands at 41.99 million ter supply and is ranked at 182 ter market capitalization by Coinmarketcap. Te when the crypto market wasgoed bullish, AGRS gained significantly enhancing its price by overheen 50% within two months. However, the volatile nature te the crypto market has not bot friendly to the token hence it diminished its price from a high of $Trio.20 te December .
DigitalAssetDB ranks the coin spil a very volatile token recording a high of 67.26% within the last Five days. Given that the coin is only listed ter two coin exchanges, it is difficult to comment on the prospects of the cryptocurrency given its request might not be enough to shove its price up ter the future. Agoras token (AGRS) has a standard deviation of 14.82% which ranks it at 248 out of 394 Micro Cap tokens. The token has a liquidity ratio of 16.13% which could be affected by news that the token will be delisted from Bittrex ter March .