- What is Supra (SUPRA) and what is it used for?
- Supra is a cryptocurrency designed to serve as a digital asset within its ecosystem. Users typically engage with it for value transfer, trading, or participating in network activities such as governance or staking (if supported by Supra’s protocol). As with many tokens in its class, the primary use cases revolve around low-cost transfers, potential incentives within the Supra ecosystem, and access to decentralized applications or services built on or around the Supra platform. Always check the project’s official materials for the exact feature set, as use cases can evolve with network upgrades.
- How many Supra tokens are in circulation and what is the max supply?
- Currently, the circulating supply is approximately 22.96 billion SUPRA tokens, with a maximum supply of 100 billion tokens. The large max supply means the price per token can appear modest, but it’s important to watch for token inflation dynamics, distribution schedules, and any burn mechanisms or vesting that could impact circulating supply over time. For investors, understanding the supply trajectory helps in assessing potential price pressure and long-term scarcity.
- What is the current price and recent price movement of Supra?
- As of the latest data, Supra trades around 0.00079048 USD per token. In the past 24 hours, the price rose by about 0.00007942 USD, which is an 11.17% gain. Price movements can be influenced by market sentiment, trading volume, and broader crypto market conditions. For traders, it’s wise to review intraday charts, liquidity on major exchanges, and any news or developments from the Supra team that could drive short-term volatility.
- Is Supra a good long-term investment, and what are the risks?
- Assessing Supra as a long-term investment involves evaluating the project’s fundamentals, development roadmap, and ecosystem adoption. Key considerations include the team credibility, real-world use cases, token utility, security audits, and partnerships. Risks to consider include high supply dilution, competing projects, regulatory changes, and market volatility typical of altcoins. Diversifying holdings and staying updated with official announcements can help manage risk. Always perform your own research and consider how Supra fits your investment goals and risk tolerance.
- Where can I buy and securely store Supra (SUPRA)?
- Supra is typically listed on multiple cryptocurrency exchanges; you can purchase SUPRA through supported trading pairs on those platforms. For secure storage, use a reputable wallet that supports ERC-20 or the specific Supra token standard (depending on its implementation). Hardware wallets (like Ledger or Trezor) provide offline security, while software wallets offer convenience for active trading. After acquisition, consider enabling two-factor authentication on exchange accounts and using a separate, secure wallet for long-term holding. Always ensure you transfer funds to the correct network and address to avoid losses.
