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TürkçeShadow Token Information
Shadow Token is emerging as a unique player in the cryptocurrency landscape, focusing on enhancing privacy and security for users in a digital world increasingly concerned with data protection. Its innovative features aim to provide a decentralized platform that empowers individuals to control their own financial transactions while safeguarding their identities. As interest in privacy-centric currencies grows, Shadow Token is positioning itself to cater to the needs of users looking for a more confidential approach to digital finance.
Understanding Shadow Token: A Deep Dive
Shadow Token (SHDW) is a cryptocurrency that has garnered attention in the blockchain space, particularly for its unique use case and growing community. As a utility token, it is designed to facilitate transactions on the SHDW Drive platform, which offers decentralized storage solutions. With a current price hovering around $0.80 and a market cap of approximately $129 million, Shadow Token has demonstrated resilience in the fluctuating crypto market.
Price Performance and Historical Trends
Shadow Token has experienced significant volatility since its inception. Launched in early 2022, the coin reached its all-time high (ATH) of $2.82 shortly after, on January 5, 2022. However, it has since faced considerable corrections, with the price dropping by over 71% from its ATH. The coin reached its all-time low (ATL) of approximately $0.0128 on October 16, 2022, which marked a startling 6166% increase from that point, illustrating its capacity for rapid recovery and growth.
Advantages of Shadow Token
One of the primary advantages of Shadow Token is its focus on decentralized storage, a sector increasingly in demand as individuals and organizations seek secure and private data solutions. By leveraging blockchain technology, SHDW eliminates the risks associated with centralized storage, such as data breaches and government surveillance.
Additionally, the growth of the SHDW community and increasing adoption of its utility feature on the SHDW Drive platform could enhance demand for the token, potentially driving up its value over time. The fact that it has successfully navigated through harsh market conditions and still maintains a sizable community bodes well for its future.
Challenges and Risks
Despite its advantages, Shadow Token does face several challenges. The cryptocurrency market is notoriously volatile, and SHDW is no exception. Its dramatic drops and recoveries can deter potential investors looking for stability. Furthermore, the competition within the decentralized storage space is fierce. Numerous other platforms and tokens offer similar or even superior features, which could impact SHDW’s market share.
Another point of concern is regulatory uncertainty. As the blockchain industry matures, governments around the world are increasingly looking to implement regulations that could potentially hinder the operations of cryptocurrencies or subject them to stricter compliance requirements.
Future Outlook
The future of Shadow Token appears to hold promise, provided that the project continues to innovate and expand its user base. The growing interest in decentralized applications and cloud storage solutions gives SHDW a tailwind that could propel its value higher in the coming years.
Moreover, if the SHDW Drive platform continues to attract users and developers, leveraging its unique selling points, the token could see significant growth. Keeping an eye on technological advancements, partnerships, and community growth will be vital for investors considering engaging with Shadow Token.
Conclusion
Shadow Token represents an intriguing opportunity in the cryptocurrency landscape, particularly for those interested in decentralized storage solutions. While past performance has shown dramatic fluctuations, the token's robust recovery from its all-time low suggests that it is not merely a passing fad. With its dedicated community and the increasing relevance of decentralized applications, SHDW could remain a player worth watching in the ever-evolving crypto market.
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from price
$1
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General Information |
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Title
Shadow Token
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Symbol
shdw
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Whitepaper
-
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Website
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Community
-
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Last Updated
2024-12-25 23:59
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Price Data |
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Current Price $
0.797781
$
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High 24h
0.827028
$
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Low 24h
0.747531
$
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Price Change 24h
0.00109237
$
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Price Change % 24h
0.13711
%
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Market Data |
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Market Cap
128895730
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Total Volume
2290002
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Market Cap Change 24h
-231284.05980721
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Market Cap Change % 24h
-0.17911
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
161721893.41608
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Total Supply
169057206.26417
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Max Supply
169057206.26417
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Historical Data |
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All Time High (ATH)
2.82
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ATH Change %
-72.00924
%
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ATH Date
2022-01-05 01:24
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All Time Low (ATL)
0.01275871
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ATL Change %
6089.74663
%
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ATL Date
2022-10-16 07:28
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