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TürkçeFuel Network Information
Fuel Network is rapidly gaining traction as a versatile layer-2 scaling solution designed to enhance the efficiency of decentralized applications. Its innovative architecture aims to reduce transaction costs while simultaneously increasing throughput, making it an attractive option for developers and users alike. As the adoption of decentralized finance continues to grow, Fuel Network positions itself as a key player in the evolution of blockchain technology.
Introduction to Fuel Network: An Overview
Fuel Network is an emerging cryptocurrency that has captured the interest of both investors and developers within the blockchain ecosystem. With a current price hovering around $0.041, Fuel Network has shown significant price fluctuations in recent days, influencing its market capitalization of approximately $145 million. This article delves into the historical performance, advantages, disadvantages, and future prospects of the Fuel Network coin.
Historical Performance of Fuel Network
Since its inception, Fuel Network has experienced both highs and lows in the volatile cryptocurrency market. The coin reached an all-time high (ATH) of $0.065845 on December 19, 2024, only to see a decline of approximately 37.79% since then. The all-time low (ATL) was recently recorded at $0.0376 on December 20, 2024, marking a slight recovery of about 8.88% since that point. These fluctuations are indicative of the inherent volatility common in the cryptocurrency market, but they also highlight opportunities for traders and investors looking for favorable entry points.
Advantages of Fuel Network
Fuel Network offers several key advantages that can appeal to potential investors and developers. Firstly, the project aims to provide a decentralized platform that enhances transaction speeds and reduces costs, which is essential as blockchain technology matures. Secondly, the dedicated community behind Fuel Network contributes to a collaborative development environment, with resources available on forums and official channels like the Fuel Network website.
Additionally, the project has a comprehensive whitepaper that outlines its vision and technical details, available at Fuel Network Whitepaper. This transparency is increasingly important to investors who prioritize informed decision-making. Moreover, the circulating supply of over 3.5 billion coins suggests a level of liquidity that could make it more accessible for new investors.
Disadvantages to Consider
Despite its advantages, Fuel Network does come with certain drawbacks. The recent price drop of over 17% in the past 24 hours highlights the volatility that can deter risk-averse investors. Furthermore, the comprehensive nature of its whitepaper may not be enough to instill confidence without a robust track record and established use cases.
Moreover, the market cap decrease of nearly 16.65% within the same timeframe raises concerns about the coin's stability and the overall sentiment surrounding its performance. Potential investors should consider these factors carefully before diving into the Fuel Network ecosystem.
Future Outlook
The future of Fuel Network may well depend on its ability to foster a sustainable ecosystem that effectively addresses existing challenges in the cryptocurrency space. With an emphasis on improving transaction efficiency, the network could attract developers and businesses looking for reliable solutions.
As the technology progresses and regulatory clarity increases, Fuel Network potentially positions itself as a viable option for users seeking to maximize their blockchain experience. However, investors must remain vigilant about market conditions and the competitive landscape, as many projects are vying for attention in the ever-evolving crypto realm.
Conclusion
Fuel Network represents a promising but volatile asset in the world of cryptocurrencies. Its advantages, such as decentralization, community support, and a helpful whitepaper, contrast with disadvantages like recent price volatility and market skepticism. Investors must conduct thorough research and consider both the potential and the risks associated with Fuel Network as they contemplate their involvement in this dynamic space.
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from price
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General Information |
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Title
Fuel Network
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Symbol
fuel
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Whitepaper
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Website
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Community
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.03418793
$
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High 24h
0.03475187
$
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Low 24h
0.03100502
$
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Price Change 24h
0.00227582
$
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Price Change % 24h
7.13153
%
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Market Data |
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Market Cap
130466119
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Total Volume
4603011
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Market Cap Change 24h
7778285
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Market Cap Change % 24h
6.3399
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
3833184401.7008
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Total Supply
10011877713.813
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Max Supply
-
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Historical Data |
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All Time High (ATH)
0.083754
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ATH Change %
-59.49235
%
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ATH Date
2024-12-29 23:15
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All Time Low (ATL)
0.03083486
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ATL Change %
10.02785
%
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ATL Date
2025-01-20 17:46
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