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TürkçeSPACE ID Information
SPACE ID is an innovative project that aims to revolutionize the way users interact with digital identities in the blockchain ecosystem. By leveraging advanced technology, it offers a secure and user-friendly solution for managing decentralized identities across various platforms. As the demand for privacy and control over personal data grows, SPACE ID stands out as a promising player in the cryptocurrency landscape.
Understanding SPACE ID: An Overview
SPACE ID is a blockchain-based project that aims to provide innovative solutions for decentralized identification (DID) and naming services. With its unique approach, SPACE ID is positioned to cater to the growing demand for secure and user-friendly digital identity management in the Web3 landscape.
Market Performance and Historical Development
Since its inception, SPACE ID has experienced significant price fluctuations. At its all-time high (ATH) of $1.84 on March 17, 2024, the token demonstrated its potential to captivate market interest. However, recent trends have seen a drop of over 77% from that peak. Currently priced at approximately $0.42, SPACE ID continues to show activity with a 24-hour trading volume of around $43 million and a market cap of about $180 million. This volatility is characteristic of the cryptocurrency market, particularly for projects in their growth phase.
Advantages of SPACE ID
The strengths of SPACE ID include:
- Unique Value Proposition: SPACE ID tackles the critical issue of digital identity management, providing users with a decentralized solution that enhances security and privacy.
- Flexible Ecosystem: The project is designed to operate within the broader Web3 ecosystem, enabling interoperability with various decentralized applications (dApps).
- Scalability: SPACE ID’s infrastructure aims for scalability, catering to an increasing number of users and applications, thereby positioning itself for future growth.
Challenges and Considerations
Despite its advantages, SPACE ID faces several challenges:
- Market Volatility: The token's price volatility can deter potential investors looking for stable returns, particularly after witnessing drastic fluctuations from its ATH.
- Competition: The decentralized identity space is becoming increasingly crowded, with various projects vying for attention and market share.
- Regulatory Landscape: As with any cryptocurrency project, potential regulatory changes could impact SPACE ID's operations and overall market perception.
Future Outlook for SPACE ID
Looking ahead, SPACE ID has a pathway for growth, contingent on its ability to successfully navigate the competitive landscape and innovate within its service offerings. If the team continues to build robust partnerships and enhance user adoption, SPACE ID may well recover from its current price decline and explore new highs.
Investors should monitor developments within the project, including potential technological advancements and shifts in market dynamics, as these factors will play a crucial role in determining SPACE ID’s trajectory in the coming years.
Conclusion
SPACE ID offers a compelling proposition in the decentralized identity sector, bringing unique solutions to a vital need in the digital age. While challenges remain, particularly regarding market volatility and competition, the project's focus on innovation and user-centric design could pave the way for significant achievements in the future.
For more in-depth information, potential investors and interested parties are encouraged to explore their whitepaper and official website.
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from price
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General Information |
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Title
SPACE ID
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Symbol
id
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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 $
0.406034
$
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High 24h
0.415063
$
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Low 24h
0.381553
$
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Price Change 24h
0.01166865
$
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Price Change % 24h
2.95885
%
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Market Data |
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Market Cap
174736300
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Total Volume
23299970
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Market Cap Change 24h
5154221
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Market Cap Change % 24h
3.03937
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
430506132
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Total Supply
1996617244
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Max Supply
2000000000
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Historical Data |
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All Time High (ATH)
1.84
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ATH Change %
-77.88225
%
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ATH Date
2024-03-17 10:31
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All Time Low (ATL)
0.171112
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ATL Change %
137.34719
%
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ATL Date
2023-10-19 07:20
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