The cryptocurrency market has recently welcomed a new addition to its ever-expanding roster: Solana’s Law of Attraction (LOA). Unlike other close-ended digital assets this new concept has received a lot of interest from investors and users in the world of cryptocurrencies.

, LOA is constructed on the Solana protocol which offers fast and inexpensive transactions. This choice of platform gives LOA a good starting point for both scalability and efficiency, two main prerequisites in the world of cryptocurrencies. The name of the coin is Law of Attraction as many people know about LOA as the universal concept of attractiveness of like things and people, used in such crypto sphere.

At the time of writing, LOA is priced at $0.01666; in the last 24 hours, it has been able to rise by 14.39%. Many traders who are in search of good new opportunities to invest in could not help but notice this upward trend. Its circulation supply value of $2.98 million ranks it #4294 so far in the worldwide cryptocurrency market capitalization. Nevertheless, it may appear is quite reasonable comparing to industry leaders which can be viewed as considerable opportunities for further growth and development.

The trading volumes Novem is $25,962.57 for the 24-hour session proving high traffic and depth for a new token like LOA. The current volume to market cap ratio stands at 1.62%, and although this is a low figure, it is believed that it points to keen engagement with the coin, a sign that the currency will be around for quite some time.

Perhaps, the most exciting thing about LOA is its tokenomics. The flow, method and means of supply is clearly articulated and very transparent, and it is as follows: total supply of LOA tokens = 100,000,000. To that end, the entire supply in circulation is currently in circulation, which further eliminates the chances of inflation due to releases of the tokens in the future. This fully diluted market cap of the Project X of $1,670,000 gives a full valuation of the current project.

The fact that the supply of Rigged will be anchored is considered by crypto consumers as bullish as it possibly increases the scarcity and therefore, the value of the token in the future. This approach is quite coherent with the principles of the sound monetary policy, which can be a plus for those who are worried of becoming carried away with inflationary tendencies characteristic to conventional cryptocurrencies.

Like any other new cryptocurrency, one should expect that LOA has its certain potential, yet there are certain risks to consider. On the one hand, the initial performance and structure of the token seem proficient, but, on the other hand, the crypto market remains highly unstable. Any investor interested in the project should invest time in their research by looking at the project’s intents and purpose, its team, and future plans.

The Welsh name of this coin may stem from a powerful idea, or a ‘ Law of Attraction’ principle which should not be overlooked in terms of marketing and relaying the vision of a supportive communities. If it will be possible to capture a market of interested individuals for personal development and manifestation techniques the project could carve its own particular domain in the realm of crypto.

However the failure or success of a cryptocurrency is not determined by its name or the idea it is built upon. To conclude, LOA’s future as a business-communication protocol will be informed by technical requirements and characteristics, application, and usage. People will be interested in the ways the project applies Law of Attraction principles into the development of blockchain and the particular issues it intends to address in the crypto space.

It may be interesting to note that the Solana blockchain was selected to become the basis of the LOA. Over the past few years, Solana has attracted a lot of interest and attention due to high-performance features, it can bring technical solutions to LOA to expand its functionality and support large numbers of users.

Currently, the crypto market has a great potential and, as can be seen with projects such as Law of Attraction on Solana, the market is aggressively diversifying. Although, it is too early to definitively speak about LOA volume’s sustainability in the future, its steady growth and completely different model of development will definitely make it possible to consider it as a project to watch in the following months.

Of course, investors and those interested in the cryptocurrency market will immediately track the actions of the LOA rate, turnover, and comments from the development team. This artificial assignment will be more effective to form the position of this project in competitive digital currencies environment, if the project will be able to establish and maintain a vibrant and tight-knit community, strategic partnership, and meet the expectations and commitments on time.

Therefore, Law of Attraction on Solana can be described as having gained a promising start in the market for cryptocurrencies. By having an appealing idea, reasonable token distribution, and the stable Solana blockchain to rely on, LOA holds all the cards for a successful future. Once again in the crypto world, only the time will show whether this new coin is able to make out of its potential a successful story and value for its users and the rest of blockchain environment.