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    Sperax USD

    USDS

    Rank #2790

    $0.9938

    -0.33%
    24H Low$0.9856
    $1.0124H High
    24H Volume
    $62119
    All-Time High(ATH)
    $2
    All-Time Low(ATL)
    $0.8851
    Market Cap
    $1.13 M
    Fully Diluted Valuation
    $1.13 M
    Market Cap/FDV
    100%
    Circulating Supply
    1.14 M USDS
    Total Supply
    1.14 M USDS
    Max Supply
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Sperax USD (USDS) Price Trends

    Time period
    Change amount
    % Change
    1H
    $+0.002484
    +0.25%
    24H
    $-0.003279
    -0.33%
    7D
    $-0.004770
    -0.48%
    30D
    $-0.005764
    -0.58%
    1Y
    $-0.0009242
    -0.093%

    Live Sperax USD (USDS) Price Update

    Sperax USD price today is $0.9938 with a 24-hour trading volume of $62119, and as such Sperax USD has a market cap of $1.13 M, giving it a market dominance of 3.92%. The Sperax USD price moved -0.3300% in the last 24 hours.

    Sperax USD reached its highest price on 2022-12-01 when it was trading at its all-time high of $2, while its lowest price was recorded on 2023-03-11 when it was trading at its all-time low of $0.8851. The current lowest price since the last cycle high was $0.8851, and the highest price since the last cycle low was $2. The social sentiment of Sperax USD is currently Positive.

    The current circulating supply of Sperax USD is $1.14 M USDS. In terms of market cap, Sperax USD is currently ranked 2790.

    About Sperax USD (USDS)

    USDs is a stablecoin which generates auto-yield natively. Currently, USDs is live on Arbitrum, the largest Layer-2 Ecosystem of Ethereum. The highlights of this protocol:Auto-yield - Users holding USDs in their wallets automatically earn organic yield. No staking is required by the end user. Users do not need to spend gas calling the smart contract to claim their yield. Layer-2 native — Cheaper transaction fees on Arbitrum make this protocol retail investor-friendlyFully Backed Model - USDs is 100% backed by a diversified basket of whitelisted crypto assets (stablecoins).To mint new USDs, minters only need eligible collateral. No fee required for minting USDs. Currently the protocol is accepting USDC, DAI, FRAX and VST as collateral and more tokens might be added to this list in future. However, USDs tokens are fungible and redeemable in the same way, independent of their underlying minting collateral. It acts as an IOU on the pooled collateral. The protocol will mint 1 USDs by collecting 1 USD worth of collateral. 

    FAQs

    1. What determines the price movement of Sperax USD?

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

    Sperax USD Tokenomics

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    Sperax USD Analysis

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