The mainnet asset of the Ethervista protocol, VISTA coin, has surged by 79.9% in the past 24 hours, drawing significant attention across the crypto market. With a current market cap of $31.6 million, VISTA is on the move toward its all-time high.
Etherfun Factor in VISTA’s Rise
Ethervista recently launched Etherfun, a new product designed similarly to the previously successful pump.fun. Etherfun channels trading fees from liquidity pools (LPs) directly to the VISTA treasury. A portion of these funds is used to automatically buy and burn VISTA coins, reducing supply and increasing demand—a combination that’s propelling the price upward.
Deflationary Structure Boosts VISTA’s Value
The VISTA coin has a limited supply capped at 1 million coins, making it a unique and finite asset in the Ethervista ecosystem. Fees collected from transactions are used to burn coins, thereby reducing the circulating supply. Ethervista’s smart contract systematically decreases the coin’s available supply with each burn, raising the price floor and supporting a deflationary structure.
Each burn strengthens VISTA’s price foundation, offering inflation resistance and sustainable value for the ecosystem. This deflationary mechanism creates long-term value and supports an upward price trend.
At the time of writing, VISTA trades at $34.47, up 79.9% in the past 24 hours. Trading volume has also risen, increasing by 55.21% to $21.47 million. The all-time high (ATH) for VISTA was recorded at $72.08 on September 5, 2024, putting the current price 51.41% below ATH.
For ongoing updates, stay tuned to Dey There.
VISTA coin, Ethervista, Etherfun, deflationary, liquidity pools
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