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Polkadex (PDEX) Coin Overview and Weekly Technical Review:

Emma Veress by Emma Veress
July 24, 2023
in Crypto
Reading Time: 4 mins read
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This article centers around a thorough assessment of PDEX coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our PDEXort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it  ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.

What is Polkadex (PDEX) Coin?

Polkadex (PDEX) is the native cryptocurrency of the Polkadex platform . Polkadex aims to provide a decentralized peer-to-peer order book-based exchange on the Polkadot network . The platform allows users to trade digital assets in a secure and efficient manner .

blockdag 70m

The PDEX token serves as the primary medium of exchange within the Polkadex ecosystem. It enables users to pay for trading fees, participate in governance decisions, and access various features and services offered by the platform .

As with any cryptocurrency investment, it’s important to conduct thorough research and consider multiple factors before making any investment decisions  .

If you want to know more about the Polkadex  (PDEX) coin , you can visit its website .

 

https://polkadex.trade/

 Projects:

 Polkadex (PDEX) has several key projects and features in its roadmap:

  1. Decentralized Exchange : Polkadex aims to provide a decentralized peer-to-peer order book-based exchange on the Polkadot network . It enables users to trade digital assets directly with each other without relying on intermediaries .

 

  1. High-Performance Trading Engine : The platform is designed to offer high-speed trading capabilities, ensuring fast order matching and execution for a seamless user experience .

 

  1. Cross-Chain Compatibility : Polkadex leverages the interoperability of the Polkadot network , allowing assets from different blockchains to be traded on its platform .

 

  1. Privacy-Focused Trading : The project focuses on preserving user privacy by implementing zero-knowledge proofs and ring signatures in its off-chain matching engine .

 

  1. Liquidity Rewards Program : To incentivize liquidity providers, Polkadex plans to introduce a rewards program that offers PDEX tokens as incentives for supplying liquidity to the platform .

 

  1. Community Governance : PDEX token holders will have the ability to participate in governance decisions related to the development and future direction of the platform through voting mechanisms .

These are just some of the projects and features that make up the vision of Polkadex. It’s important to stay updated with their official channels for more information about their ongoing developments and updates .

 

Factors affecting price: 

The price of Polkadex (PDEX) coin , like any other cryptocurrency, can be influenced by a variety of factors. Here are some key factors that may impact the price:

  1. Overall Market Conditions : Cryptocurrency markets are often driven by overall market sentiment and trends . Factors such as market volatility , investor confidence , and macroeconomic conditions can affect the demand for PDEX tokens .

 

  1. Adoption and Utility : The level of adoption and usage of the Polkadex platform can influence the demand for PDEX coins. As more users join the ecosystem and utilize PDEX tokens for trading fees or governance participation , it could positively impact its value .

 

  1. Technology Updates : News about technological advancements or updates to the Polkadex platform may generate interest among investors and traders , potentially leading to an increase in demand for PDEX tokens .

 

  1. Partnerships and Integrations : Collaborations with other blockchain projects or strategic partnerships can raise awareness about Polkadex and attract new users to its platform . Positive news related to partnerships may have a positive effect on token price .

 

  1. Regulatory Environment : Changes in regulations concerning cryptocurrencies or decentralized exchanges could impact investor sentiment towards projects like Polkadex .

 

  1. Competition : The presence of competing platforms offering similar services might affect user adoption rates and consequently influence the value of PDEX coins.

It’s important to note that cryptocurrency markets are highly volatile, so these factors should be considered alongside thorough research before making investment decisions regarding PDEX tokens or any other digital asset.e

Polkadex-PDEX-Coin-Overview-and-Weekly-Technical-Review-

Where can I buy Polkadex Coin (PDEX)?

          Exchange                      Pair                 

      

   

 

 

 

Polkadex Coin (PDEX) Baseline Assessment :

The market cap of the Polkadex  (PDEX) coin is 7.512.257 and its circulating supply is 7.460.000 units. Its maximum Supply is 20.000.000 units, with a fully diluted valuation of $ 20.140.100.

What is the high price point for Polkadex Coin (PDEX)?

Polkadex (PDEX) highest price is $230.55 recorded on Apr 16, 2021. The current price is -99.56% lower than the all-time high .

What is the low point of the price for Polkadex Coin (PDEX)?

Polkadex (PDEX)  token’s lowest price was $0.9833 on Jul 06, 2023 .

Polkadex Coin (PDEX) Technical Outlook:

 

Polkadex ( PDEX ) coin, which was $ 39.65 on May 10, 2021, fell to $ 0.9599 on July 03 2023. It broke the $1.12 support after moving in the $1.12 – $2.34 band for a long time. As it stays below this level, it may want to pull back to $0.5295. The decrease in volume in recent weeks is remarkable. The $1.73 level, where the trading volume is concentrated in the downtrend, is a tough resistance zone that must be crossed. Especially for the market structure to change and for the uptrend to start again, the price must close the candles with volume above the $2.34 level. Horizontal supports broken on possible rises should be followed as resistance.

Our support point: $1.12 – $0.5295 sequential resistances: $2.3453 – $5.95 – $12.3416 – $27.48

 

Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences.  Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .

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Emma Veress

Emma Veress

Hello there! My name is Emma, and I'm a daily breaking news journalist covering finance, economics, and crypto on a global scale. I graduated from Eötvös Loránd University with a degree in Communication and Media Studies MA, where I gained a passion for storytelling and analysis.As a journalist, I'm dedicated to providing my readers with accurate and timely news on financial and economic events happening around the world. I believe that by delivering high-quality journalism, I can help people make informed decisions about their finances and investments.

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