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    Proxy

    PRXY

    Rank #5290

    $0.05023

    +0.83%
    24H Low$0.04319
    $0.0524824H High
    24H Volume
    $145176
    All-Time High(ATH)
    $56.24
    All-Time Low(ATL)
    $0.002139
    Market Cap
    $49878.15
    Fully Diluted Valuation
    $1.05 M
    Market Cap/FDV
    4.73%
    Circulating Supply
    992936 PRXY
    Total Supply
    8.15 M PRXY
    Max Supply
    21 M PRXY
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Proxy (PRXY) Price Trends

    Time period
    Change amount
    % Change
    1H
    $--
    +0.18%
    24H
    $--
    +0.83%
    7D
    $-0.06000
    -54.7%
    30D
    $-0.09000
    -64.61%
    1Y
    $-0.1300
    -72.4%

    Credibility Indicators

    68.22

    Reliability Score

    Rank #1

    # 2455

    Percentile

    TOP 20%

    Live Proxy (PRXY) Price Update

    Proxy price today is $0.05023 with a 24-hour trading volume of $145176, and as such Proxy has a market cap of $49878.15, giving it a market dominance of 1.17%. The Proxy price moved 0.8300% in the last 24 hours.

    Proxy reached its highest price on 2021-11-15 when it was trading at its all-time high of $56.24, while its lowest price was recorded on 2024-04-26 when it was trading at its all-time low of $0.002139. The current lowest price since the last cycle high was $0.002139, and the highest price since the last cycle low was $56.24. The social sentiment of Proxy is currently Positive.

    The current circulating supply of Proxy is $992936 PRXY. In terms of market cap, Proxy is currently ranked 5290.

    About Proxy (PRXY)

    Bitcoin Proxy offers a unique institutional-grade wrapped Bitcoin solution that leverages Polygon technology to bring Bitcoin to DeFi with no gas and no slippage. Unlike other wrapped bitcoin offerings, Bitcoin Proxy provides decentralized governance via the PRXY token, insured custody through its partner Hex Trust, and a user-friendly interface to make wrapping bitcoin easy for retail users and institutions alike. In combination, the ProxyRelay solution reduces transaction costs, eliminates slippage, and significantly reduces counterparty risk to make it easier than ever to wrap your bitcoin to participate in DeFi platforms both on Ethereum and Polygon. By confirming Bitcoin blocks onto an Ethereum smart contract using a MATIC side chain, BTC Proxy enables gasless minting of its wrapped Bitcoin product, BTCpx, and low redemption fees with fast confirmations in under 30 minutes. No KYC is needed. Users can stake PRXY tokens to farm Bitcoin Rewards paid in BTCpx, which is redeemable for BTC.

    FAQs

    1. What determines the price movement of Proxy?

    There are two schools of thought in determining the price of Proxy.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Proxy, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Proxy from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Proxy on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Proxy as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Proxy and the cryptocurrency market as a whole.

    Proxy Tokenomics

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    Proxy Analysis

    Date
    Market Cap
    Volume
    Open
    Close
    2024-04-29
    $69301.26
    170444.61 PRXY
    $0.06979
    N/A
    2024-04-28
    $43001.22
    480439.42 PRXY
    $0.04331
    $0.06979
    2024-04-27
    $5712.84
    141441.03 PRXY
    $0.005753
    $0.04331
    2024-04-26
    $113877.15
    154372.98 PRXY
    $0.1147
    $0.005753
    2024-04-25
    $107629.68
    136419.32 PRXY
    $0.1084
    $0.1147
    2024-04-24
    $109254.14
    141025.85 PRXY
    $0.1100
    $0.1084
    2024-04-23
    $109602.44
    127819.13 PRXY
    $0.1104
    $0.1100