Digital Currencies have changed various things nowadays and people are shifting to adopt those changes. As a result, people are getting various options to carry out financial transactions without delay. The IDEX exchange also helps users make a trade quickly without delays. If you are interested in it, then stay updated with IDEX Crypto News.
Several cryptocurrencies in the crypto space have the highest potential, and research is necessary before making investment decisions. So let us know more about IDEX exchange and why it is essential to stay updated with IDEX Crypto News.
Overview of IDEX Exchange
IDEX Exchange is granting users numerous benefits and services to trade on their exchange. However, users need to be updated with the latest IDEX crypto news so that further decisions can be made.
It also offers surpassing benefits such as security, a customized trading engine, a custody solution, and an IDEX stake to earn more. Well, it is a unique solution for crypto trading enthusiasts and a perfect option for traders looking for more comfort.
What is IDEX Exchange?
IDEX helps its users to provide advantages with the combining features of centralized and decentralized exchanges. It gives deeper liquidity and lowers fees, enabling trade against zero spread.
IDEX works with the application of two methods: automated market makers and order books. Here, automatic market makers incentivize more liquidity by giving them some share of fees. In contrast, order books keep a proper track record of buy and sell orders of any security.
Alex and Phil Wearn are this exchange’s founders and aim to make it a perfect exchange for everyone. Apart from that, they are also offering the return of 50% of trading fees to the users supporting the infrastructure and robustness of this platform. So, always stay updated with IDEX Crypto News for optimum results.
IDEX Past Performance
IDEX came to the market in 2019 with a value of $0.03, and the price decreased to $0.01 till the end of the year. But later in 2020, IDEX came with a new update, which surpassed the price to $0.10, and till August 2020, the price reached $0.12.
But then the price was corrected to $0.05 until the start of October. Then IDEX came with a new update, which got some spike in the price, but till the end of the year, the value was cut down to $0.02.
At the beginning of the year, the value of the IDEX token reached $0.07 just when the token went live on Binance Smart Exchange. To celebrate, they launch promotional offers by providing discounts on the first trade.
The token started climbing when IDEX launched its first BEP token, which valued the price higher and made a record price of $0.18. With this analysis, users can understand the prospect of this token and should have to update with IDEX Crypto News.
The biggest rally of the IDEX token was seen during September 2021, when the value of the IDEX token reached $0.97. The value gained when the token went live on Polygon Network, but the price crashed again and came to $0.41 till the end of the year.
The price falls continuously and reaches $0.10 till January 2022. But then there was some hike in February, and the price earned $0.26. As per the latest IDEX crypto news, the token price is around $0.06.
IDEX Price Prediction
Everyone has made different price predictions for IDEX tokens, and most experts are predicting a bullish run in the future.
Well, WalletInvestors predicted that the token price will be reduced within a year and will reach up to $0.008.
PrcePrediction has given optimistic predictions about IDEX exchange. It is expected to reach up to $0.087 by the end of the year. It can reach up to $0.014 till 2023 and can reach up to $0.27 till 2025.
DigitalCoinPrice has made a bullish prediction for the short term. Till the end of the year, the price can reach up to $0.11 and will run with a bullish range.
Overall, everyone has different predictions for the value of the IDEX token. So, it would be best if you did depth research on IDEX Crypto News before deciding to go with a profitable approach all the time.
