Elixir deUSD Information

Elixir deUSD aims to provide a seamless bridge between traditional finance and the world of cryptocurrencies, enhancing accessibility for everyday users. As an evolving stablecoin, it offers the promise of stability in the often volatile crypto market, allowing users to transact with confidence. By focusing on security and user experience, Elixir deUSD is positioning itself as a significant player in the growing ecosystem of digital currencies.

Elixir deUSD

$1.00

Title : Elixir deUSD
Symbol : deusd
Current Price $ : 1 $
High 24h : 1.017 $
Low 24h : 0.985423 $
Price Change 24h : 0.002244 $
Price Change % 24h : 0.22485 %
Market Cap : 258033851
Whitepaper : https://docs.elixir.xyz/deusd
Website : https://elixir.xyz
Community : https://discord.gg/elixirnetwork
Total Volume : 24619902
Market Cap Change 24h : 9358916
Market Cap Change % 24h : 3.76351 %
Circulating Supply : 258060002.39
Total Supply : 258060002.39
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 1.04
ATH Change % : -3.88136 %
ATH Date : 2025-01-20 07:11
All Time Low (ATL) : 0.978154
ATL Change % : 2.2241 %
ATL Date : 2024-12-05 22:31

more information

An Overview of Elixir deUSD: A Stablecoin with Potential

Elixir deUSD (deusd) is gaining traction in the digital currency landscape as a stablecoin designed to provide a stable value in a volatile market. This article examines the characteristics of deUSD, its past performance, and future prospects, allowing investors to make informed decisions about their participation in this unique cryptocurrency.

The Structure of Elixir deUSD

Elixir deUSD is pegged to the US Dollar, aiming to maintain a consistent value around $1. This stability makes it an attractive option for users seeking a safe harbor in the frequently fluctuating cryptocurrency market. The current price of deUSD is approximately $0.999579, showing its adherence to the pegged value despite small variations due to market dynamics.

Historical Performance: A Look Back

Since its inception, Elixir deUSD has demonstrated relatively stable price behavior. With an all-time high (ATH) of $1.014 reached recently and an all-time low (ATL) of $0.980658, the coin has shown resilience in maintaining its peg. These price movements indicate that while the coin is stable, it is also reactive to broader market conditions. Moreover, it has experienced only a minimal percentage drop of 1.45% from its ATH.

Pros and Cons of Elixir deUSD

When considering Elixir deUSD, it is essential to weigh its advantages and disadvantages:

Advantages

1. **Stability**: As a stablecoin, deUSD is designed to minimize volatility, making it an appealing choice for traders and investors looking for safety in their digital assets.

2. **Liquidity**: With a daily trading volume of approximately $4.5 million, deUSD provides sufficient liquidity, allowing users to enter and exit positions with ease.

3. **Low Market Cap Variability**: Despite a recent decrease in its market cap by roughly 1.83% over 24 hours, the coin's consistent market behavior indicates a sustainable investment profile.

Disadvantages

1. **Limited Growth Potential**: As with all stablecoins, while deUSD offers security, it lacks the potential for significant price appreciation compared to other cryptocurrencies.

2. **Regulatory Risks**: The cryptocurrency landscape is fraught with changing regulations, which could impact the viability and acceptance of stablecoins like deUSD.

Future Prospects of Elixir deUSD

Looking ahead, the future of Elixir deUSD appears promising, particularly as the demand for stablecoins continues to grow. As a utility token within the Elixir ecosystem, deUSD may benefit from increased adoption, especially in decentralized finance (DeFi) applications where stablecoins play a crucial role.

Moreover, with an active community on platforms like Discord, Elixir deUSD can maintain engagement with its users and adapt to their needs, fostering an environment of growth and innovation.

Conclusion

Elixir deUSD presents an intriguing option for investors seeking stability in an unpredictable market. While it has its challenges, the characteristics that define deUSD may position it favorably in the evolving world of cryptocurrencies. As always, potential investors should conduct their research and consider their risk tolerance before diving into this stablecoin journey.

For more detailed information, you can refer to the whitepaper or visit the official website.

General Information
from price $1
Title Elixir deUSD
Symbol deusd
Whitepaper https://docs.elixir.xyz/deusd
Website https://elixir.xyz
Community https://discord.gg/elixirnetwork
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 1 $
High 24h 1.017 $
Low 24h 0.985423 $
Price Change 24h 0.002244 $
Price Change % 24h 0.22485 %

Market Data
Market Cap 258033851
Total Volume 24619902
Market Cap Change 24h 9358916
Market Cap Change % 24h 3.76351 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 258060002.39
Total Supply 258060002.39
Max Supply -

Historical Data
All Time High (ATH) 1.04
ATH Change % -3.88136 %
ATH Date 2025-01-20 07:11
All Time Low (ATL) 0.978154
ATL Change % 2.2241 %
ATL Date 2024-12-05 22:31