To assess whether Navigator Exchange is a potentially good investment, consider the following metrics and how they might be interpreted:
- Market capitalization – $1,206,181
Large-cap cryptocurrencies are typically more stable but have lower growth upside and are less volatile. Small caps may grow faster and higher but are riskier.
- Trading volume – $69,631
High volume means deep liquidity and interest. Low volume can mean price slippage and lack of interest from the market to a coin, meaning harder exits for holders of a coin.
- Circulating supply vs Max supply
Understanding how many tokens from the max supply were released helps to see potential inflation risks. The more tokens that have already been released, the less is dilution and price dump risk. You can calculate this metric by the following formula:
Supply % in Circulation = Circulating supply / Max supply * 100%
- Upcoming token unlocks
In the short and middle-term, approaching token unlocks are a very important factor to consider before investing in any token. The unlocks may negatively affect a coin's price as early investors tend to fix profits or losses from a coin they receive immediately. So, they may bring the obtained tokens to the market, thereby, creating a significant selling pressure. If a coin has low liquidity and trading volume, the price may sharply decrease
Apart from financial metrics, it's also important to look at Navigator Exchange developers' activity, project marketing performance and NAVI community support. Given this, you'll be able to define whether Navigator Exchange is a good investment or not.