pufETH (PUFETH) has been making waves in the cryptocurrency world with its recent price surge of 12.2% over the last 7 days. However, the story isn't all sunshine and rainbows, as the token took a 1.5% hit against the U.S. dollar over a 24-hour period ending on September 24th at 17:00 PM Eastern.
Currently, one pufETH token can be purchased for approximately $2,650.30 or the equivalent of 0.04140015 BTC on popular cryptocurrency exchanges. While this may seem like a lot to swallow, the market cap for pufETH is $394.49 million, which is a respectable amount in the world of cryptocurrency.
Over the 24-hour period mentioned above, $8.49 million worth of pufETH was traded on various cryptocurrency exchanges. This is a healthy amount of activity for any cryptocurrency, but especially so for one that has been flying under the radar until recently.
It's unclear what led to the 12.2% price surge over the last 7 days, but it's clear that investors are taking notice of pufETH. With the market cap and trading volume in mind, it's possible that we'll see even more interest in the token in the coming days and weeks.
pufETH's recent price surge is a reminder that the world of cryptocurrency can be unpredictable and volatile. Tokens can skyrocket in value one day and plummet to new lows the next. However, with proper research and due diligence, it's possible for investors to navigate these waters and come out on top.