If you’ve been looking to purchase Volt Inu ($VOLT) on the Hotbit cryptocurrency exchange, you can now. Although these are significant shifts for the meme currency, the price hasn’t shifted much as a result.
In less than 24 hours, $VOLT was down almost 35%. Some of the losses had been recouped, but the coin was still down 15% by the time the news came out at the time. $VOLT also plans to be traded on major exchanges like Bitmart and XT, which are based in Singapore and Hong Kong.
It’s called Volt Inu ($VOLT). It’s a hyper-deflationary token that can be used to invest in a wide range of assets, like non-fungible tokens or NFTs, nodes, altcoins, and stablecoins. Investment diversification isn’t like with Farms-as-a-Service (FaaS) projects. It lets you reduce the risk while taking advantage of the possible non-correlated growth of the trending assets.
To make $VOLT more deflationary, the profits from treasury investments are used to buy back and burn $VOLT tokens. In addition to this deflationary mechanism, $VOLT has put in place an automatic 4% burn tax on Binance Smart Chain. The combination of these two mechanisms ensures that the price floor will keep rising because the amount of money in circulation is going down.
VOLT Price Analysis
When coins are added to big exchanges, their value almost always rises as a result of the increased demand. That’s not what I was expecting. Volt Inu, on the other hand, does not appear to be obeying the rules. Even before the announcement was made public, the token had already fallen by 35% in value.
Although there was some improvement throughout the day, it was not significant. As I began to write this, the coin had fallen by approximately 16 percent in value. The trading volume of $VOLT has also increased significantly during the last 24 hours, increasing by almost 30%. We noticed that the meme coin will be available on Bitmart as well as Xt, a Singapore-based cryptocurrency exchange.
Volt Inu Investment
There is a good chance that when the same coins are listed on a lot of the big exchanges, they will rise very quickly This is about VOLT. Even though the recent listing on Hotbit didn’t have a big effect on the price, when the token is on Bitmart, we’re sure to see a lot more movement.
When it comes to meme coins, there is always a significant amount of danger. When the market goes down, this type of cryptocurrency is not the type of thing you want to hold onto. As a result, VOLT is a fantastic cryptocurrency for playing short-term games.
“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”