In a surprising turn of events, Open Exchange Token (OX) has experienced a significant 4.52% price surge in the past 24 hours, bringing its current price to $0.02244381. This is welcome news for OX holders, who have seen a -16.40% price decline over the past week. With a circulating supply of 3.9 Billion OX, the token now boasts a market cap of $89,055,311.
Where to Buy Open Exchange Tokens?
For those looking to buy or trade OX, various options are available. OX tokens can be found on both decentralized and centralized exchanges. Uniswap V3 (Ethereum) is among the most popular choices, where the OX/WETH trading pair has seen a remarkable $762,307 in trading volume within the last 24 hours. Other notable platforms include Gate.io and Uniswap V3 (Polygon).
Daily Trading Volume Surges by 26.50%
The daily trading volume of Open Exchange Token (OX) has surged to $794,172 in the past 24 hours, marking an impressive 26.50% increase from just a day ago. This uptick in trading activity suggests growing interest in OX within the crypto market.
All-time high and Low for OX
Looking at OX’s historical performance, its all-time high stands at $0.081313, a record achieved on August 9, 2023, approximately two months ago. In contrast, the current price reflects a -71.89% decrease from this peak. On the other hand, the all-time low for OX was recorded at $0.01024732 on May 31, 2023, four months ago. This shows an impressive 123.07% increase from the lowest point.
Market Cap and Fully Diluted Valuation
The market capitalization of Open Exchange Token (OX) is currently valued at $89,055,311, positioning it at the 248th spot on CoinGecko’s rankings. Market cap is calculated by multiplying the token price by the circulating supply of OX tokens, which currently stands at 3.9 Billion.
Furthermore, the fully diluted valuation (FDV) of OX reaches $225,474,670. This metric represents the maximum potential market cap, assuming all 9.9 Billion OX tokens were circulated. However, it’s important to note that it might take several years to realize this fully diluted valuation, depending on the emission schedule of OX tokens.
Performance Comparison and Market Sentiment
Comparatively, Open Exchange Token (OX) has shown a -16.40% price decline over the past seven days, underperforming both the global cryptocurrency market, which is down by -2.50%, and similar Polygon Ecosystem cryptocurrencies, which have maintained stability with a 0.00% change.
Despite recent price fluctuations, community sentiment towards Open Exchange Token (OX) remains overwhelmingly positive, with more than 100% of users expressing bullish sentiments about the token today.
In conclusion, Open Exchange Token (OX) has surprised the market with its recent price surge, offering a ray of hope for investors in the wake of recent declines. As always, potential buyers and traders should research and consider market trends before investing in the volatile cryptocurrency space.