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Paysenger EGO (EGO) Price Analysis

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Price Analysis of Paysenger EGO (EGO)

Paysenger EGO (EGO) is the internal token of the Paysenger service, a collaboration platform designed for content creators, fans, and brands. Recent price and trading volume fluctuations have prompted a closer examination of its performance.

Current Price Status

Currently, EGO is trading at $0.060432, with a 24-hour trading volume of $4,284,990. Over the past 24 hours, the token has slightly decreased by 2.46%. Despite this minor decline, EGO maintains activity within the cryptocurrency market.

Source: EGO 24-hour Chart (CMC)

With a market capitalization of $3,420,983 USD, EGO is ranked #1387 on CoinMarketCap. This positioning reflects its standing among other cryptocurrencies, indicating its relative size and influence within the digital asset landscape.

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EGO has a circulating supply of 56,608,820 coins, with a maximum supply capped at 323,000,000 coins. 

Trading Volume Analysis

The trading volume of Paysenger EGO (EGO) over the last 24 hours has reached $4,274,787, representing a notable 9.30% increase from the previous day. This surge in trading activity suggests heightened interest and engagement with EGO within the market.

Despite recent fluctuations, it’s essential to note that EGO has been on a downtrend, experiencing a decline of 16.79% over the past seven days and 35.64% in the last 30 days. This downward trajectory indicates a period of price depreciation for EGO, raising questions about its market stability and investor sentiment.

Conclusion

In conclusion, Paysenger EGO (EGO) presents a dynamic picture within the cryptocurrency market, characterized by its current price status, market capitalization, supply information, trading volume, and recent trend analysis. While the token continues to demonstrate active trading and engagement, its recent downtrend underscores the importance of monitoring market dynamics and investor sentiment moving forward.

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