This article centers around a thorough assessment of DFYN coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our DFYNort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is Dfyn Network (DFYN) Coin?
Dfyn Network (DFYN) is a decentralized exchange protocol built on the Polygon network . It aims to provide users with fast, low-cost and efficient trading experiences for various tokens . DFYN token is the native utility token of the Dfyn Network ecosystem , which can be used for governance , staking , liquidity mining , and other purposes within the platform .
If you want to know more about the Dfyn Network (DFYN) coin , you can visit its website .
Projects:
Dfyn Network (DFYN) has several projects and features within its ecosystem. Some of the notable ones include :
1Decentralized Exchange (DEX) : Dfyn Network operates as a decentralized exchange protocol on the Polygon network , enabling users to trade various tokens with low fees and fast transaction speeds .
2.Liquidity Mining : Users can provide liquidity to the Dfyn Network pool and earn DFYN tokens as rewards through the liquidity mining program .
3. Governance : DFYN token holders have governance rights within the Dfyn Network ecosystem , allowing them to participate in decision-making processes regarding platform upgrades and changes .
4.Staking :DFYN token holders can stake their tokens and earn additional rewards for supporting the network’s security and stability .
5.Cross-Chain Bridge Integration : The Dfyn team is actively working on integrating cross-chain bridges to enable interoperability between different blockchain networks , expanding access to a wider range of assets for trading .
These are just some of the key projects associated with Dfyn Network (DFYN). The team continues to innovate and develop new features to enhance user experience within their ecosystem .
Factors affecting price:
The price of Dfyn Network (DFYN) coin can be influenced by several factors , including :
1.Market Sentiment :Overall market sentiment and investor confidence in the cryptocurrency industry can have a significant impact on the price of DFYN , as it does with most cryptocurrencies .
2. Token Supply and Demand : The supply and demand dynamics of DFYN tokens play a crucial role in determining its price . If there is high demand for the token but limited supply available , it may lead to an increase in price .
3. Platform Adoption :The adoption and usage of the Dfyn Network platform can positively influence the value of DFYN tokens. Increased trading volume, liquidity provision , and user engagement on the platform may contribute to higher token prices.
4. Partnerships and Integrations :Collaborations with other projects or platforms within the cryptocurrency ecosystem can bring increased visibility and utility to DFYN tokens, potentially driving up their value .
5.Regulatory Environment :Changes in regulatory policies or government interventions related to cryptocurrencies can affect market sentiments towards DFYN tokens , leading to fluctuations in their price .
6.Technology Updates and Developments : Upgrades or developments within the Dfyn Network protocol that enhance security , scalability , usability or introduce new features could positively impact investor confidence in DFYN tokens .
It’s important to note that cryptocurrency markets are highly volatile and subject to various external factors beyond those mentioned above . Therefore , investing or trading any digital asset comes with risks that should be carefully considered before making any decisions .
Where can I buy Dfyn Network Coin (DFYN)?
Exchange Pair Volume
Dfyn Network Coin (DFYN) Baseline Assessment :
The market cap of the Dfyn Network (DFYN) coin is $3,600,071 and its circulating supply is 150,121,373 units. Its maximum Supply is 250,000,000 units, with a fully diluted valuation of $5,996,088.
What is the high price point for Dfyn Network Coin (DFYN)?
Dfyn Network(DFYN) highest price is $8.35 recorded on May 16, 2021 . The current price is -99.71% lower than the all-time high .
What is the low point of the price for Dfyn Network Coin (DFYN)?
Dfyn Network(DFYN) token’s lowest price was $0.01938 on Jul 05, 2022.
Dfyn Network Coin (DFYN) Technical Outlook:
Dfyn Network ( DFYN ) coin, which was traded at $1.85 on July 12, 2021, was sold at $0.01875 on May 09, 2022. This level remained the lowest level. Although the price made reaction increases from this level, this increase was not permanent. If he can’t break the falling trend line, his moves will remain as a reaction. For the uptrend to start, the price must stay above the $0.05671 level. Falling fibo levels should be followed as resistance on possible rises.
Our support point : $0.01875 our sequential resistances : $ 0.05671 – $ 0.11053 – $ 0.18949 – $ 0.32481 – $ 0.69946 – $ 1.85
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .