The trading volume of Converter Finance (CON) is $6,291.70 in the last 24 hours, representing a 14.97% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Converter Finance (CON) is $3.14 , which was recorded on Apr 02, 2021 (almost 2 years). Comparatively, the current price is -99.6% lower than the all-time high price. The lowest price paid for Converter Finance (CON) is $0.001268125641 , which was recorded on Oct 24, 2022 (3 months). Comparatively, the current price is 788.4% higher than the all-time low price. Market capitalization of Converter Finance (CON) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CON tokens (0 tokens are tradable on the market today). There are no votes on Converter Finance (CON) today. Be the first to vote and share this with your community.
A blockchain oracle is a data feed that sources information from off-chain systems and enters it on the blockchain for smart contracts use.
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1. What determines the price of Converter Finance?
There are two schools of thought in determining the price of Converter Finance.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Converter Finance, 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 Converter Finance 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 Converter Finance 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 Converter Finance as well.
HODLers 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 Converter Finance and the cryptocurrency market as a whole.
2. What is the highest price of Converter Finance in history?
Converter Finance achieved the all-time high of $3.14 in 2021-04-02, and is currently trading at $0.012.
3. What is the lowest price of Converter Finance in history?
In 2022-10-24, Converter Finance reached the all-time low of $0.0013.
4. Should I buy Converter Finance now?
It is important to remember that Converter Finance, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.