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Highlights
- IDEX is a decentralized exchange (DEX), which operates on Ethereum and Binance Smart Chain protocol.
- IDEX is one of those digital currencies that can give good returns and market participants often consider it a profitable investment option.
Digital currencies have revolutionised the way financial institutions operates around the world in the present times. Currencies likes Bitcoin, Ethereum, Dogecoin are increasingly being adopted and traded on a daily basis and several exchanges are facilitating them in the cause of adoption. With the increase in the use of the decentralised applications (dApps) crypto trading has in fact, become rather seamless. It has allowed more and more market participants to trade effectively and earn profits in the process.
IDEX is one such token that gives the users first real-time user experience in evolve in to an on-chain settlement and self-custody protocol which allows the users to the freedom to operate on a hybrid architecture. Operating on a Ethereum blockchain, IDEX token gives the users have control of the funds thereby allowing them to use the funds the way they want to. In a way, the IDEX token mirrors Aurora DAO token and it effectively serves the same purpose.
How has IDEX Coin fared in the market?
IDEX is the governance token for IDEX. IDEX, which is ranked 457 on CoinMarketCap, was trading at $0.136173 with a 24-hour trading volume of US $31,73,24,949. At the time of writing (BST 8:15 am), IDEX was up by 96.95% in the last 24 hours. BNB currently has a live market cap of $8,04,67,022.
The trading volume of IDEX has, in fact, seen a sudden spike of 4,547.85%, making it one of the most profitable in terms of volume on Monday so far.
Is it a good investment for you?
IDEX is one of those digital currencies that gives good returns and market participants often consider it a profitable investment option. IDEX is expected to grow by +247% in next five years and many traders, investors are expecting a strong rally in the coming years.
IDEX tokens can also be utilised for staking by the nodes, which validate transactions. The stake owners earn 50% of trade fees via multiple blockchains. One can buy IDEX token on Binance, BKEX, BHEX (BlueHelix Exchange), Pionex, and EXX.
Conclusion
While most of the traders are bullish about the prospects, IDEX token looks more of a long-term investment crypto rather than a short-term investment. While the price rally may last but in the past the rally has been a short one. With staking rewards, IDEX token is an aggressive token and one to watch out for in the future.
