Populous (PPT) has experienced a remarkable surge in its market capitalization, which has now reached $7.70 million. The cryptocurrency’s value increased by 160.2% against the U.S. dollar during the 24-hour trading period that ended at 11:00 AM ET on December 31, 2023. Currently, one Populous token can be purchased for approximately $0.14 or 0.00000166 BTC on major cryptocurrency exchanges.
In the past week, Populous has demonstrated significant growth, trading up by an impressive 413.3% against the dollar. Over the last 24 hours, trading volume for Populous amounted to approximately $15.11 thousand, indicating a heightened interest among investors.
Understanding Populous
Launched on July 9, 2017, Populous has a total supply of 53,252,246 tokens. Its official Twitter account, where updates and news are regularly shared, is @bitpopulous, and more information can be found on its website, populous.world.
Investing in Populous may require some additional steps for potential buyers. It is generally not possible to purchase alternative cryptocurrencies like Populous directly with U.S. dollars. Therefore, investors typically first acquire either Ethereum or Bitcoin through exchanges that accept U.S. dollars, such as Coinbase, Changelly, or GDAX. They can subsequently use these cryptocurrencies to purchase Populous on the same or other exchanges.
Market Implications
The recent uptick in Populous’s market cap and trading volume reflects a broader trend within the cryptocurrency market. Investors are increasingly seeking opportunities in lesser-known tokens, potentially driven by speculation or a desire to diversify their portfolios.
As the cryptocurrency landscape continues to evolve, keeping abreast of market movements and trading strategies remains crucial. For those interested in regular updates on Populous and related cryptocurrencies, MarketBeat.com offers a free CryptoBeat newsletter that provides daily summaries of the latest news and trends.
With its recent performance, Populous is garnering attention as it navigates the complex and often volatile world of cryptocurrency trading.
