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    Decentralized Social

    DESO

    Rank #284

    $30.7

    -3.27%
    24H Low$30.4
    $31.7724H High
    24H Volume
    $10.52 M
    All-Time High(ATH)
    $198.68
    All-Time Low(ATL)
    $5.33
    Market Cap
    $323.06 M
    Fully Diluted Valuation
    $331.53 M
    Market Cap/FDV
    97.44%
    Circulating Supply
    10.53 M DESO
    Total Supply
    10.81 M DESO
    Max Supply
    10.81 M DESO
    Market Sentiment
    Positive
    * Data from 3rd parties

    Decentralized Social (DESO) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.04000
    -0.13%
    24H
    $-1.04
    -3.27%
    7D
    $-4.74
    -13.37%
    30D
    $-9.32
    -23.28%
    1Y
    $+20.75
    +208.67%

    Credibility Indicators

    73.01

    Reliability Score

    Rank #1

    # 1485

    Percentile

    TOP 10%

    Team Members

    Nader Al-Naji

    Nader Al-Naji

    Investors

    Coinbase Ventures

    Coinbase Ventures

    Andreessen Horowitz (a16z)

    Andreessen Horowitz (a16z)

    Polychain Capital

    Polychain Capital

    Pantera Capital

    Pantera Capital

    Sequoia Capital

    Sequoia Capital

    Arrington XRP Capital

    Arrington XRP Capital

    Distributed Global

    Distributed Global

    Blockchain.com

    Blockchain.com

    Live Decentralized Social (DESO) Price Update

    Decentralized Social price today is $30.7 with a 24-hour trading volume of $10.52 M, and as such Decentralized Social has a market cap of $323.06 M, giving it a market dominance of 0.011%. The Decentralized Social price moved -3.27% in the last 24 hours.

    Decentralized Social reached its highest price on 2021-06-19 when it was trading at its all-time high of $198.68, while its lowest price was recorded on 2022-09-01 when it was trading at its all-time low of $5.33. The current lowest price since the last cycle high was $5.33, and the highest price since the last cycle low was $198.68. The social sentiment of Decentralized Social is currently Positive.

    The current circulating supply of Decentralized Social is $10.53 M DESO. In terms of market cap, Decentralized Social is currently ranked 284.

    About Decentralized Social (DESO)

    Nowadays, social media is controlled by five centralized mega enterprises, and DeSo hopes to change this situation. DeSo is a new Layer 1 blockchain, similar to Bitcoin or Ethereum, built from scratch for decentralized governance of social media applications. DeSo has raised more than 200 million dollars from Sequoia Capital, a16z, Coinbase and many other supporters. Today, DeSo has over 2 million wallets that can be accessed through hundreds of social DApps such as Diamond (diamondapp. com), OpenProsper (openProsper. com), NFTz (nftz. me), Openfund (openfund. com), and more.

    FAQs

    1. What determines the price movement of Decentralized Social?

    There are two schools of thought in determining the price of Decentralized Social.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Decentralized Social, 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 Decentralized Social 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 Decentralized Social 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 Decentralized Social 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 Decentralized Social and the cryptocurrency market as a whole.

    Decentralized Social Tokenomics

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    Decentralized Social Analysis

    Date
    Market Cap
    Volume
    Open
    Close
    2024-03-28
    $321.65 M
    393.63 DESO
    $30.54
    N/A
    2024-03-27
    $339.19 M
    111.09 DESO
    $32.2
    $30.54
    2024-03-26
    $358.18 M
    149.82 DESO
    $34.01
    $32.2
    2024-03-25
    $347.38 M
    7.61 DESO
    $32.98
    $34.01
    2024-03-24
    $342.34 M
    88.96 DESO
    $32.5
    $32.98
    2024-03-23
    $348.92 M
    70.72 DESO
    $33.13
    $32.5
    2024-03-22
    $361.09 M
    122.39 DESO
    $34.28
    $33.13
    2024-03-21
    $370.01 M
    613.99 DESO
    $35.13
    $34.28