SmarDex (SDEX), gradually, enters various cryptocurrencies market and it is considered to be one of the indicators that have low publicity, but relatively high activity. Priced at $0. Starting from accession number 01047, SDEX has been observed to rise only by a slight 0. Percentages for the last 24 hours are also rather low: the indicator was as low as 07% only, which actually looks very small at first sight. Nevertheless, this small increase is a part of a whole tendency which proves that it can grow and become quite steady in such an unpredictable area as the cryptocurrencies market.
Estimates put the SDEX market capitalization at about $89 in total. 5 million and is hence ranked at number 346 of all cryptocurrencies currently in circulation. The actual silver used in the making of the above coins is useful and especially with a piece that has not scaled the popular market, but is gradually gaining a steady market demand. The current circulating supply of sdex is 8. The address holding the most coins is said to be holding 55 billion coins out of the total of ten billion coning which show that most of the coins are already out in the market. This could mean there is a limit to how much this asset class can be inflated in the air, which is music to the ears of a certain class of asset holders looking to invest in fixed stock.
Trade volume of SDEX as at now is relatively low over the 24 hours ranging to about $3. Trading partners: 57 of cotton, 9 million, ranking at the 517th level of trading. This is a rather low volume compared to the other major cryptocurrencies and very much demonstrates rather good liquidity. In terms of volume to market capitalization, the RDL is currently 4. Most of all in the part 35% or the market capitalization that is closely traded. Increasing level of activity of such type might be explained by the fact that investors utilize SDEX actively in order to protect the coin from losing position to numerous competitors targeting the same market.
Still, one of the peculiarities of SDEX is that the above parameter has been computed on the basis of the fully diluted market capitalization which stands at $104. 65 million. The value of the coin was determined by extrapolating the potential of the equity against the 10 billion coins if all coins were to be mined. From the fact that the relative fully diluted market cap is published at a level higher than the current market cap, this means that the market has not yet factored in the growth of SDEX.
These consistent trading volume and the progressive market cap, albeit at a slow rate, make it possible that SDEX is familiarising itself with the constant users’ base of SDEX, holders as well as traders. It thus appears that SDEX is secretive which may open the lid for money makers targeting assets that are not very popular in the market.
According to these parameters of performance, it might be that SmarDex is actually a ‘sleeping giant’ in the world of cryptocurrencies. It may have further potential for rise in case it will be used more often or any of these coins will be used as a more common currency in the world of cryptocurrencies, but for the moment it makes sense when it is bought at the current prices and considering its market capital and ranking. For now, SDEX still remains among those shadowy participants that gradually grow and stabilize in a world that was built for the unpredictability of the market. Therefore, here, along with stability, the upward trend looks very attractive to those who want to invest in promising not very popular crypt currencies.
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