It’s concerning how quickly the cryptocurrency industry is expanding. Since many initiatives are promising investors higher returns on their investments, the pace is mainly unpredictable. IDEX crypto is one of these initiatives.
About IDEX Crypto
IDEX asserts to be the first hybrid liquidity DEX that combines an automated market maker and an order book methodology. It combines the functionality and capabilities of an AMM with the safety and liquidity of a conventional order book mechanism. By integrating an off-chain trading engine with an on-chain deal settlement, Idex adopts a novel approach to decentralized exchanges. Users gain from that in a number of ways.
Due to the fast trade execution, users can trade immediately without waiting for previous trades to settle, making front-running or sandwich assaults impossible. As a result, more advanced order types and trading strategies can be executed since limited orders are possible, opening up arbitrage opportunities with other exchanges.
IDEX token Data
At the time of Writing (07 September 2022), the live IDEX price today is $0.068139 USD with a 24-hour trading volume of $5,497,845 USD. IDEX is down 1.32% in the last 24 hours. The current CoinMarketCap ranking is #399, with a live market cap of $45,916,164 USD. It has a circulating supply of 673,858,614 IDEX coins and the max. supply is not available.
What Makes Idex TokenUnique?
IDEX thinks that by combining these two strategies—automated market makers and order books—it has been able to stop failed trades and the ensuing gas costs. The whitepaper for the exchange states: “With the capability of actual limit and stop-loss orders, IDEX crypto enables traders to obtain the best spreads, eliminate unsuccessful transactions, and conveniently offer liquidity.”
The statement is made in the document as well: “IDEX token uses an off-chain trading engine for trade execution bringing: First, extreme performance, processing tens of thousands of orders per second with millisecond latency; and second, the guaranteed sequencing and executing orders in the exact order that they are received by the server.”
Idex Token Price Analysis
IDEX Crypto Token launched in May 2019 at about $0.03, but by the end of the year, it had fallen below $0.01.
After the platform’s IDEX 2.0 API update was announced in August 2020, the exchange’s token experienced its first significant uptick. Early in that month, the “sandbox” or test version became live, providing its users access to more sophisticated capabilities like stop-loss.
On August 31, 2020, the IDEX token broke through the $0.10 threshold and reached $0.12.
It returned to $0.05 in September before experiencing a tiny uptick on October 10 when it revealed the 2.0 version would go live on its mainnet that month. However, by December 8th, 2020, it had fallen to $0.02.
IDEX crypto experienced a surge at the start of 2021, much like the larger cryptocurrency market. A day after the platform went online on the Binance Smart Chain, on February 2, 2021, it reached $0.07. To commemorate, IDEX sponsored a blockchain promotional event where participants would receive a bonus for their first trade.
In the month after, the staking token kept rising. It introduced a BEP-20 version of its token on March 9, 2021. By the conclusion of the month, IDEX’s price surpassed its prior high and reached $0.18.
On September 8, 2021, IDEX crypto experienced its largest surge, rocketing to a record high of $0.97. This happened after the launch of the token on the Polygon Network and the buildup to the third upgrade of its exchange. While the price fell in the middle of September, it rose once again to $0.41 on December 1, 2021, the day the update was implemented.
The exchange noticed a continuous decline in the value of its token over the following months, which caused it to revert to about $0.10 in January 2022. When it announced a 0% charge campaign on its exchange on February 2, it later experienced a tiny increase to $0.26.
However, the price of the native token IDEX has been locked in a chokehold by the bear market and numerous market crashes. The token ended June at $0.07, and it ended July 31 at $0.08.
The market may have bottomed out, according to some speculators, which is good news for investors ready to buy the dip. Some people are less optimistic and warn of a possible crypto-Ice Age. In the end, the fate of the token will depend on how many people adopt IDEX’s mission, stake its token, and improve market circumstances.
IDEX crypto token Price Prediction
This Idex crypto price prediction is done after finding the report of various experts and keeping the current market trends in mind. Check the prediction for the 5 years.
IDEX Token price prediction for 2022
By 2022, the IDEX token price is projected to increase to $0.1025092. The expected minimum price is $0.054 and the expected maximum price is $0.064. The predicted average price at the year’s conclusion is $0.056.
IDEX crypto price prediction for 2023
The website predicted that IDEX crypto would cost $0.084 on average in 2023, with a range of $0.095 at its highest and $0.082 at its lowest. By January 30, 2024, these costs are predicted to be attained.
IDEX Token price prediction for 2024
The IDex price prediction for 2024 is quite optimistic, predicting that the market will hit $0.421 by December of that year. The anticipated range of prices is $0.14 for the highest, $0.12 for the lowest, and $0.12 for the potential average.
IDEX crypto price prediction for 2025
In 2025, there is a strong probability that the price of the IDEX crypto will double, but it is also possible that it won’t rise to the expected maximum of $0.21. The price of IDEX is expected to range from a low of $0.18 to an all-time high of $0.18.
IDEX price prediction for 2026
The experts project that IDEX will trade at an average price of $0.25 in 2026, with a high price of $0.30 and a minimum price of $0.24.
Also, Learn about the 10 best ways to earn free Bitcoin by mining.
By examining the technical analysis and price forecasts, interested traders, investors, and analysts may estimate how the coin will perform on the market during the ensuing years.
The rise of Binance and similar companies have caused many individuals to gradually lose interest, but I want you to know that IDEX crypto still has a lot of promise. Even if you decide not to buy right away, keep an eye on the market’s performance for a time.
Read the Binance exchange review.
Future traders and investors should be aware that the coin’s frequent price swings are common and should not be dissuaded from doing so.
Given that no good thing is without challenges, anticipate challenges for IDEX prices in the future; if they are conquered, the coin is likely to become a force to be reckoned with in the years to come.
Also, remember that the provided figures are based on the initial pricing analysis. So do diligent research before you make an investment.
Is IDEX a good investment?
It might be. Those who stake IDEX crypto are rewarded with 50% of the trading fees. However, the staking token is currently down from the all-time high it reached in September 2021. Crypto tokens can be volatile, so you should be sure never to invest more than you can afford to lose.
Will IDEX pass its All-Time High price?
The current ATH of IDEX is $0.9745, and while we expect IDEX price to pass its ATH, we don’t expect it to be anytime soon. Our forecasts show that the coin will give its ATH in 2028.