ethervista VISTA coin, the main network asset of the protocol, attracted attention in the cryptocurrency market by rising by 79.9 percent in the last 24 hours. VISTA, which currently has a market cap of $31.6 million, is moving towards historical highs.
Etherfun Factor on the Rise
Ethervista platform recently etherfun announced a new product called. Etherfun is a project designed in a similar structure to the previously successful pump.fun product.
Transaction fees generated through Etherfun’s liquidity pools (LP) VISTA is transferred to the treasury. A portion of the funds obtained from these pools are used to automatically purchase and burn VISTA coins. In this way, while the supply of VISTA decreases in the ecosystem, the demand increases. This contributes to the rise in prices.
VISTA’s Deflationary Structure Increases Its Value
Ethervista VISTA coinIt stands out as a cryptocurrency with limited supply. VISTA, which is limited to a maximum of 1 million coins, is constantly reduced from the supply by fees collected from user transactions. With each coin burn, Ethervista’s smart contract reduces the circulating supply of the altcoin and increases its price base.
Each burning process contributes to the further strengthening and appreciation of VISTA’s price base. In this way altcoin Having a deflationary structure, it provides protection against inflation and creates sustainable value in the ecosystem.
At the time of writing, VISTA is trading at $34.47, up 79.9 percent in the last 24 hours. Data shows that the trading volume increases with the price of the altcoin. Accordingly, the transaction volume increased by 55.21 percent and reached the threshold of 21.47 million dollars. It should be noted that the all-time high level of VISTA coin was recorded on September 5, 2024 at $ 72.08. At the current price, the altcoin is priced 51.41 percent below ATH.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
