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About USDEX

USDEX (USDEX) is a cryptocurrency launched in 2022. USDEX has a current supply of 0 with 0 in circulation. The last known price of USDEX is 0.000592848617 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.dexfinance.com/.

Official Website

Social Media

USDEX Price Statistics
USDEX’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#4687
USDEX Market Cap
Market Cap
$0
Fully Diluted Market Cap
$0
USDEX Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
USDEX Supply
Circulating Supply
0
Total Supply
0
Max Supply
0
Updated Oct 14, 2023 2:30 am
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USDEX
USDEX
$0.000592848617
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Analyzing Cost Basis Changes To Predict Market Corrections
Analyzing Cost Basis Changes To Predict Market Corrections
According to BlockBeats, determining the end of a short-term market correction can be approached through various methods, including analyzing chip structure, financial pressure, and emotional feedback. A particularly effective method involves observing changes in the cost basis of different time groups. A case study illustrates this approach by examining the long-term cycle bottom. In the study, the blue line represents the average turnover cost of long-term holders (LTH-RPC), the red line represents the average turnover cost of short-term holders (STH-RPC), and the black line shows the price of Bitcoin (BTC). The analysis highlights two conditions that indicate a major cycle bottom and an optimal buying opportunity: when the BTC price is below the LTH-RPC and when the STH-RPC is below the LTH-RPC. This scenario suggests that the BTC price is significantly undervalued, with market bubbles largely eliminated. It also indicates that during price declines, many short-term holders exit at a loss, while new short-term holders enter, driving the short-term chip cost below the long-term cost. This is a signal of oversold conditions and bottoming panic sentiment. The same logic can be applied to assess bull market correction timing. From February to May 2024, the process from trend initiation to decline and correction is marked by the gap between the blue and red lines expanding and then contracting. Eventually, the blue line moves to the top, while the red line is at the bottom, indicating a reverse arrangement structure of cost bases. The analysis identifies three instances of reverse arrangement structures, marked by orange dashed lines, where the order from top to bottom is blue, yellow, red, or purple, blue, yellow, red. These correspond to relative bottoms during corrections. Currently, the trend is transitioning from rapid expansion to gradual contraction, but the blue line remains below. For a short-term market resurgence, a reverse arrangement structure may need to form. The blue line is nearing the red and yellow lines, suggesting that with further consolidation, the structure could form, indicating a relative bottom. In summary, using changes in cost basis across different time groups as a basis for judging correction timing, a reverse arrangement structure of blue, yellow, red from top to bottom suggests sufficient turnover and nearing bottom sentiment, indicating the correction may soon end. This content is for research and discussion purposes only and does not constitute investment advice.
Jan 13, 2025 6:03 pm
2025 Set To Be A Pivotal Year For Cryptocurrency ETFs
2025 Set To Be A Pivotal Year For Cryptocurrency ETFs
According to CoinDesk, 2025 is anticipated to be a significant year for cryptocurrency exchange-traded funds (ETFs), as highlighted by Laser Digital, the digital asset arm of Nomura. The company suggests that over a dozen crypto ETFs could be introduced in the U.S. this year, contingent upon approval from the Securities and Exchange Commission (SEC). The report from Laser Digital last week indicated that asset managers have already submitted 12 filings to the SEC. Among the proposed products are a ProShares ETF that measures the S&P 500's return in bitcoin, a combined bitcoin/ether ETF, and products based on litecoin, XRP, and Solana. Laser Digital predicts that a bitcoin/ether ETF is likely to receive approval first. The successful launch of spot bitcoin ETFs in the U.S. in January of the previous year set a promising precedent. Blackrock's iShares Bitcoin Trust (IBIT) managed to gather approximately $53 billion in assets under management within its first 11 months, surpassing all prior ETF launches. The report also notes that with the appointment of crypto-friendly Paul Atkins as the new chairman of the SEC and the departure of Gary Gensler, the ongoing legal challenges against crypto companies are expected to diminish. This shift in leadership is seen as increasing the likelihood of approval for these new ETFs. Laser Digital forecasts that the ETF market will continue to expand in terms of assets under management (AUM) and will experience broader adoption by institutional investors in 2025. This growth is anticipated to be further supported by President-elect Donald Trump, who is expected to return to office with a team of regulators favorable to cryptocurrency. Additionally, asset manager Grayscale has expressed intentions to convert its Grayscale Solana Trust (GSOL) into an ETF by December, signaling further developments in the crypto ETF landscape.
Jan 13, 2025 5:53 pm
70-Year-Old Woman Loses All Her Life Saving After Her Crypto Wallet And Private Key Burn Up In Flames In the California Wildfire
70-Year-Old Woman Loses All Her Life Saving After Her Crypto Wallet And Private Key Burn Up In Flames In the California Wildfire
The glowing red sky from the fires that has devoured Southern California has taken everything from residents; homes, offices and memories. But a 70-year-old woman has lost more than her home; she had lost all her life savings after discovering that both her crypto wallet and private keys were both stored at home. Since no backup or recovery phrase was created, the woman is now locked out of her crypto assets. The 70-year-old woman's nephew took to social media to describe the family's plight, writing "Most of her savings were in crypto and she lost her wallet and seed phrase, and doesn't have backups. I feel sick. This is all she had." Sparked a conversation on crypto wallet protection This tragic event has highlighted how crucial it is to securely store both the wallet and private key separately. The private key serves as the gateway to a crypto wallet, and without it, there is no way to regain access to the funds. In this instance, the absence of a robust backup system has led to the permanent loss of her savings, highlighting a critical vulnerability that crypto holders must address. While this is a unfortunate event for the family, but it also acts as a precautionary tale for crypto owners to adopt secure storage practices. Experts have recommend keeping seed phrases offline and in multiple secure locations, with many advocating for storage solutions designed to withstand fire or water damage, such as metal backup plates. With the emergence of newer technologies, like seedless wallets and multi-signature systems, it also offers users with a more advanced and reliable way to safeguard their digital assets. Crypto companies also suffered losses from the fire But this 70-year-old woman is not the only person who have lost their valuable digital asset in this fire. Similarly, a few crypto companies in the city have also suffered severe losses after they found themselves in the pathway of the flames. Swan Bitcoin, which has employees based near Santa Monica, and blockchain infrastructure provider BlockDaemon, headquartered in Los Angeles, both reported significant losses, including the destruction of hardware wallets containing valuable cryptocurrency assets after their companies were unfortunately struck by the incoming fire. In the past, we would hardly associate natural disasters with digital assets. But this saga has proved otherwise, and that our digital assets can be vulnerable to fires as well if they are not properly protected. This incident serves as a wake-up call for cryptocurrency holders to reassess their approach to securing digital assets. The loss of funds in this case could have been mitigated with more effective backup strategies or the use of advanced wallet solutions. As natural disasters become increasingly common, crypto users must take proactive steps to protect their holdings against unforeseen events.
XingChi
Jan 13, 2025 4:33 pm

Frequently Asked Questions

  • What Is USDEX?

    USDEX Is an algorithmic stable coin with a built-in stability mechanism that aims to maintain USDEX’s peg to 1 USDC token. As part of a multi-token token system it is designed to be used as a medium of exchange within the Dex Money Market protocol.

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  • What Is the Dex Money Market?

    Dex Money Market is an algorithmic reserve protocol with multi step auto-compounded strategies and ETF rewards. Our protocol offers a single regulatory mechanism and protocol owned liquidity. The Money Market consists of three corresponding tokens – USDEX, dexSHARES and dexETF.

    Inspired by precursive projects before us (Tomb Finance, Olympus DAO, Balancer, Beefy Finance) we have developed a truly unique multi-token protocol that empowers users by simplifying the advanced trading strategies employed by experienced investors and promotes growth through a low-risk algorithmic trading model.

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  • So what’s different?

    Money Market operates on a three token system designed to work in harmony with one another. Our protocol uses advanced tokenomics to accomplish three primary objectives.

    Maintain the price of the peg token without putting investors at risk. Allow less experienced investors to participate in high yield farming. Prevent mercenary yield farmers from pillaging liquidity pools.

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  • How does it work?

    After presale the only new supply of USDEX going into circulation comes from the regulation pool (boardroom).

    In the traditional model, these tokens would be dispersed to boardroom stakers immediately every epoch based upon the TWAP.

    In our model, the stakers do not receive USDEX. Instead the protocol takes in all of the newly minted USDEX and then only sells enough to bring it back to peg.

    Once the protocol sells the correct amount of USDEX, those tokens (which are now counted within the circulating supply) can be bought or sold – so the protocol never sells (or puts into circulation) more than the treasury can buy back at the peg price.

    The profits from the sale of those USDEX tokens are then converted to dexETF tokens and redistributed back to dexSHARE stakers. If these stakers decide they want to sell those rewards at this point they can do so all they want as this has no impact on the price of the peg token.

    The Money Market protocol controls the supply of peg tokens by only selling when the price is optimally above peg and only selling an amount that can be covered by treasury backed assets so the USDEX that was previously sold can be bought back if needed.

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  • Where Can I Buy USDEX?

    USDEX is available for trading on decentralized exchanges such as PancakeSwap.

    New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

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  • What is the all-time high price of USDEX (USDEX)?

    The all-time high of USDEX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of USDEX (USDEX) is 0. The current price of USDEX is down 0% from its all-time high.

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  • How much USDEX (USDEX) is there in circulation?

    As of , there is currently 0 USDEX in circulation. USDEX has a maximum supply of 0.

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  • What is the market cap of USDEX (USDEX)?

    The current market cap of USDEX is 0. It is calculated by multiplying the current supply of USDEX by its real-time market price of 0.000592848617.

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  • What is the all-time low price of USDEX (USDEX)?

    The all-time low of USDEX was 0 , from which the coin is now up 0%. The all-time low price of USDEX (USDEX) is 0. The current price of USDEX is up 0% from its all-time low.

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  • Is USDEX (USDEX) a good investment?

    USDEX (USDEX) has a market capitalization of $0 and is ranked #4687 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze USDEX (USDEX) price trends and patterns to find the best time to purchase USDEX.

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