Venom (VENOM) is a digital asset that entered the cryptocurrency market in 2024. It operates on its own blockchain network and is designed to support a variety of decentralized applications. With a focus on scalability and user-friendly operations, Venom aims to offer a robust ecosystem for developers and users alike.
This article provides a detailed overview of Venom's live price, market capitalization, circulating supply, and recent performance trends. Whether you are a seasoned investor or new to crypto, understanding these metrics can help you make more informed decisions.
Live Venom Price and Market Data
As of the latest data, Venom is trading at approximately $0.27 CAD. Over the past 24 hours, the token has seen a positive movement of around 6%. When compared to its value from one week ago, which was $0.22 CAD, the current price reflects a gain of nearly 24%.
These fluctuations are common in the cryptocurrency market and can be influenced by factors such as market sentiment, trading volume, and broader economic conditions.
Key Market Metrics
- Current Price: ~ $0.27 CAD
- 24-Hour Change: +6%
- 7-Day Change: +24%
- All-Time High: $0.75 CAD (reached on March 28, 2024)
- Circulating Supply: 988,919,270 VENOM
- Max Supply: 8,000,000,000 VENOM
- Total Supply: 7,296,912,366 VENOM
Market capitalization is calculated by multiplying the current price by the total supply. Venom's current market cap is approximately $266.75 million CAD. Its fully diluted valuation, which estimates the market cap if all coins were in circulation, is around $2.16 billion CAD.
Historical Price Performance
Venom's price history shows significant volatility since its launch. The token reached its peak value in March 2024 but has since experienced corrections. Here’s a brief summary of its recent performance:
| Time Frame | Price (CAD) | Change |
|---|---|---|
| Today | $0.27 | ↗ +6.08% |
| 1 Day Ago | $0.26 | ↗ +6.08% |
| 1 Week Ago | $0.22 | ↗ +23.94% |
| 1 Month Ago | $0.16 | ↗ +69.48% |
| 1 Year Ago | $0.19 | ↗ +45.56% |
This table illustrates both short-term and long-term trends, highlighting periods of growth and decline. Such data is crucial for identifying patterns and potential future movements.
Venom Network and Supply Details
The Venom network maintains a transparent and fixed supply schedule. The circulating supply represents only a portion of the total possible coins, which means future releases could impact the token’s price and market dynamics.
Understanding supply metrics is essential for evaluating scarcity and potential value. With a max supply capped at 8 billion VENOM, the asset is designed to prevent inflation over the long term.
Frequently Asked Questions
What is the current price of Venom?
The live price of Venom fluctuates based on market conditions. As of now, it is trading around $0.27 CAD. You can check real-time updates using reliable market tracking tools.
How is market capitalization calculated for Venom?
Market cap is determined by multiplying the current price of Venom by its total supply. This figure helps investors gauge the relative size and value of the cryptocurrency compared to others.
What was the highest price Venom has ever reached?
Venom reached its all-time high of $0.75 CAD on March 28, 2024. This represents the highest valuation achieved since the token was launched.
What is the circulating supply of VENOM tokens?
The current circulating supply is approximately 989 million VENOM tokens. This number changes over time as new tokens are released into circulation according to the project’s schedule.
How does Venom compare to other cryptocurrencies with similar market caps?
Venom sits among a range of altcoins with comparable market valuations. Investors often look at similar assets to assess performance and market position. For a detailed analysis of comparable assets, you can explore more market data insights.
Where can I track Venom’s price in real-time?
Many cryptocurrency platforms offer live price tracking and charting tools. These resources provide up-to-date information, including volume changes, price history, and market trends.
Final Thoughts
Venom is a relatively new participant in the crypto space, showing notable price movements and market activity. While it has seen substantial growth since its launch, it remains subject to the volatility typical of digital assets.
Potential investors should conduct thorough research, consider market trends, and consult multiple sources before making decisions. The cryptocurrency market offers opportunities but also carries inherent risks.
For those looking to dive deeper into token metrics and market analysis, access detailed on-chain analytics here. Always rely on verified data and prioritize platforms that provide transparent and accurate information.