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This article centers around a thorough assessment of FIDA coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report 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 performFIDAe 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 Bonfida (FIDA) Coin?
Bonfida (FIDA) is a cryptocurrency that powers the Bonfida decentralized exchange (DEX) and ecosystem. FIDA can be used to pay for trading fees , liquidity provision rewards, governance participation, and other services within the platform . The aim of Bonfida is to offer users fast, low-cost trading with high liquidity and advanced features such as order books analytics .
If you want to know more about the BonfidaCoin(FIDA) coin , you can visit its website .
Projects:
Some of the projects being developed by Bonfida (FIDA) include:
1.Bonfida DEX : A high-speed decentralized exchange that offers low-cost trading and advanced features such as order book analytics .
2. Serum Integration : FIDA is integrated with Serum, a fast and secure DEX built on the Solana blockchain .
3. Liquidity Provision Rewards : FIDA holders can earn rewards for providing liquidity to the Bonfida DEX .
4. Governance Participation : FIDA holders can participate in governance decisions related to the development and management of the Bonfida ecosystem.
5. Partnerships : Bonfida is partnering with other blockchain projects to increase adoption and use cases for FIDA, including collaborations with Mango Markets, Oxygen Protocol , Raydium, and more .
These are just some examples of the many exciting projects being developed by Bonfida (FIDA) .
Factors affecting price:
As with any cryptocurrency, the price of Bonfida (FIDA) can be influenced by a variety of factors. Some of these factors include :
1Market Sentiment : The overall sentiment in the cryptocurrency market can impact FIDA’s price, as investors tend to flock towards or away from riskier assets like cryptocurrencies based on their perception of market conditions.
2.Adoption and Use Cases : As more users adopt Bonfida’s DEX and ecosystem, demand for FIDA may increase, potentially driving up its price.
3.Competition : Competition from other decentralized exchanges and blockchain projects could impact the growth prospects for Bonfida and thus influence its price.
4. Regulatory Changes : Changes in regulations around cryptocurrencies or blockchain technology could have an impact on FIDA’s price if they affect adoption rates or investor sentiment .
5. Tokenomics : The supply and demand dynamics within the tokenomics of FIDA itself, such as changes to circulating supply or staking rewards offered to holders, can also influence its price .
These are just some examples of factors that could influence the price of Bonfida (FIDA). It is important to note that cryptocurrency prices are highly volatile and subject to rapid fluctuations based on a wide range of variables beyond those listed above .
Where can I buy BonfidaCoin(FIDA)?
Exchange Pair Volume
BonfidaCoin (FIDA) Baseline Assessment :
The market cap of the BonfidaCoin(FIDA) coin is $ 15.397.940 and its circulating supply is 60.328.384 units. Its total supply is 1.000.000.000 units , with a fully diluted valuation of $ 255.235.408
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What is the high price point for BonfidaCoin (FIDA)?
BonfidaCoin(FIDA) token highest price is $59.61 recorded on Nov 03, 2021 . The current price is -99.57% lower than the all-time high .
What is the low point of the price for BonfidaCoin (FIDA)?
BonfidaCoin(FIDA) token’s lowest price was $0.1976 on Nov 14, 2022.
BonfidaCoin(FIDA) Technical Outlook:
Bonfida (FIDA) coin, which entered a downward trend from $10.05 on November 08, 2021, bottomed out at $0.2098 on November 14, 2022. From here, it rose 138% to $0.5230. Although he tried to surpass the $0.5230 level for a long time, he failed. It retraced back to $0.2098 level. Volume reacted again at $0.2098. The increase in volume in recent weeks draws attention. It will want to try the $0.5230 level again with the volume breaking its low. It can offer an opportunity of approximately 130% for its investor. Those who open a long position should follow the $0.2098 level well, things may get mixed up below. Resistance levels should be followed as fibo levels on the chart that we pulled from the top of the drop. These are in order: 0.5230$ – 0.9292$ – 01.4527$ – 2.2934$ -4.3932$ – 10.0550$
Investment information comments, and recommendations contained herein are not within the scope of investment consultFIDAy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your finFIDAial 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 .
