With the constantly changing faces of cryptocurrency, a new entrant has ” surfaced, which set the eyes and ears of the crypto community and investors on it. Suilama which is currently being traded under the symbol SUILAMA has seen a great deal of action in the recent days and underscores new players with less mass but with huge therapeutic power for the niche cryptocurrencies and the projects surrounded by them.

Now Suilama is only on the 3187th place in the list of thousands of cryptocurrencies, however, during the last 24 hours Suilama experienced a slightly more than 4% rise in prices. Currently trading at $0.0001145, the token looks to have made a tiny shift from its previous value but has actually provided massive returns for early investors and believers of the project.

The market capitalization of Suilama is $1.13 million, which makes it a relatively new entrant in the list of cryptocurrencies. This market cap is the sum total of the market cap of all the circulating SUILAMA tokens in the market and best depicts the standing of the project at present. This is evidenced by the fully diluted valuation (FDV) computed to be at $1.14 million, which should mean that the market has more in terms of value appreciation in the future.

Many of you might have noticed that Suilama has traded $342,630 within the last 24 hours, and that is the latest performance I have come to know. This has risen by 0.14% compared to the previous period, a sign that its trading is becoming more and more attractive to investors and traders. Combined with the high volume-to-value figure of 31.52%, the evidence indicates high trading activity per total market capitalization, which is beneficial for those worried about flipping the asset, for example.

The amount of SUILAMA tokens is fixed at 10 000 000 000 with the same amount marked as the current circulating amount. This means that the total supply of tokens corresponds with the circulating supply, which suggests that all tokens are already in circulation, which may be considered a pro-transparent position and has the potential to be a stabilizing factor for the asset’s value. It also suggests that its supply is fixed, which means that Suilama is not prone to inflation problems that some cryptocurrencies with open supplies are likely to face.

One can question what has led to its recent performance. Suilama appears to be among the growing companies that have been expanding their boundaries in the recent past. No detailed information on the most basic concepts of this project is provided in the given material; however, its name, Suilama, indicates that it is associated with the Sui blockchain platform, still rather fresh in the field of cryptocurrency. Sui has already received a lot of attention for its orientation on high throughput/low latency requirements. Sui is attracting developers and projects with various competencies that are in search of a reliable blockchain for fast and optimal Dapp creation.

Suilama’s increase also addresses the continued evolution of the blockchain meme coins. Similarly to how one might have Doge on Ethereum or Bonk on Solana, it seems that Suilama is trying to establish itself as the official, informal ‘dog’ of the Sui chain. Such tokenization usually starts with interest from the community and discussions on social networks with a touch of virality.

That said, potential investors should tread carefully when it comes to Suilama and similar projects. Cryptocurrencies are very fluid, and meme coins are no exception to this because they move in line with social media hype lots and high volatility. Looking at the recent statistics of Suilama, both volumes to market and trading activity appear relatively high, and yet it is easy to dismiss such results just as the effect of a mere altcoin manipulation. The long-term sustainability and success of any cryptocurrency project are determined by its capacity to attract and retain users, let alone provide value as envisaged.

Like any other investment in the world of cryptocurrencies, timely research is key to investing. The first thing that potential investors should do is look at the project’s whitepaper, developer team, and the proposed timeline, as well as how active the community is. It is also important to focus on the overall picture of the Sui blockchain’s development and adoption because, frequently, platform-specific tokens are influenced by the development of the base blockchain.

This occurrence can also be explained by the phenomenon of diversification becoming increasingly prominent in the sphere of cryptocurrencies. While there are prominent existing blockchains like Ethereum and Bitcoin, there are newer platforms in development, such as Sui, that own their specific segments and find their ways many times with tokens that inspire the audiences in cryptocurrencies.

Therefore, an analysis of Suilama’s recent outputs reflects the current state of action and the rather volatile nature of cryptocurrency. As for its future, its overall direction is unknown, yet the continuous and rather swift growth in the price range and trading volumes are the perfect evidence that the crypto space can develop rather actively and that the community element is vital for digital assets. More projects similar to Suilama will emerge and help to define what the future of DeFi and Blockchain will hold. Community and investors will follow the development of this new player in the sphere and try to predict their further growth in the context of the rather aggressive market of cryptocurrencies.