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TürkçeUXD Protocol Information
UXD Protocol is an innovative project that focuses on providing a decentralized stablecoin solution, aiming to combine the benefits of both liquidity and stability in the cryptocurrency space. By leveraging advanced technologies, it seeks to enhance user trust and streamline transactions while maintaining robust stability mechanisms. As the DeFi ecosystem continues to evolve, UXD Protocol positions itself as a pivotal player in facilitating seamless and secure interactions within the crypto landscape.
Introduction to UXD Protocol
The UXD Protocol, symbolized as UXP, represents an innovative approach within the cryptocurrency ecosystem. As a decentralized stablecoin protocol, it aims to provide a stable and reliable medium of exchange while leveraging the power of decentralized finance (DeFi). With a circulating supply of approximately 6.99 billion UXP tokens and a total supply capped at 7 billion, the protocol positions itself strategically within the ever-evolving landscape of digital assets.
Historical Overview
Since its inception, UXD Protocol has experienced notable fluctuations in its price and market dynamics. The token reached its all-time high (ATH) of $0.170044 on November 27, 2021, marking a significant milestone for the project. However, since then, UXP has witnessed a considerable decline in value, with its current price hovering around $0.015.
On the other end of the spectrum, UXD Protocol's all-time low (ATL) was recorded at $0.00079216 on January 15, 2023, a stark contrast to its ATH and highlighting the volatility inherent in the cryptocurrency market. Despite these fluctuations, the token has shown resilience, appreciating by more than 1800% from its ATL.
Strengths of UXD Protocol
One of the primary advantages of the UXD Protocol is its focus on stability. By harnessing the principles of decentralization, it mitigates risks associated with centralized stablecoins. Moreover, the protocol's strong emphasis on community governance allows users to participate actively in decision-making processes, fostering a sense of ownership and accountability within the ecosystem.
Furthermore, UXD Protocol boasts a solid market cap of over $106 million, indicative of its established presence in the market. The project's website, uxd.fi, offers users a comprehensive overview of its features, utilities, and developments, enhancing transparency and accessibility.
Challenges Faced by UXD Protocol
Despite its strengths, the UXD Protocol is not without challenges. The significant drop from its ATH to the current price raises concerns regarding its long-term viability. Market sentiment and external factors often dictate price movements, and the protocol must navigate these variables to regain investor confidence.
Additionally, the protocol faces competition from other stablecoin projects within the DeFi space. The rapid evolution of technology and user preferences can pose a threat to UXD's adoption and market share. To remain relevant, the team behind UXD must continuously innovate and adapt to changing market conditions.
The Future Prospects of UXD Protocol
Looking ahead, the future prospects of UXD Protocol are intriguing yet uncertain. As the DeFi landscape continues to expand, the demand for reliable stablecoins is expected to grow. If UXD Protocol can successfully enhance its functionality and user experience while maintaining its core principles of decentralization and security, it stands to benefit from the increasing traction in the crypto market.
Furthermore, engaging with its community and exploring potential partnerships could help UXD Protocol regain momentum and popularity. If the team can leverage historical lessons from its price fluctuations and capitalize on its market strengths, the potential for recovery and growth is palpable.
Conclusion
In summary, UXD Protocol offers a compelling case within the cryptocurrency arena, with its focus on decentralization and stability. While it faces significant challenges moving forward, its historical performance and evolving ecosystem present opportunities for revitalization. Investors and enthusiasts should keep a close watch on this protocol as it navigates the complexities of the digital currency landscape.
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General Information |
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Title
UXD Protocol
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Symbol
uxp
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Whitepaper
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Website
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Community
-
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Last Updated
2024-12-26 23:53
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Price Data |
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Current Price $
0.02543653
$
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High 24h
0.02550962
$
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Low 24h
0.01526881
$
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Price Change 24h
0.01004746
$
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Price Change % 24h
65.28957
%
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Market Data |
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Market Cap
178508701
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Total Volume
497.09
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Market Cap Change 24h
70930742
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Market Cap Change % 24h
65.93427
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
6999999999
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Total Supply
7000000000
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Max Supply
7000000000
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Historical Data |
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All Time High (ATH)
0.170044
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ATH Change %
-85.00686
%
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ATH Date
2021-11-27 22:51
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All Time Low (ATL)
0.00079216
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ATL Change %
3118.41418
%
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ATL Date
2023-01-15 05:11
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