In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Volume of a coin is the total spot trading volume reported by all exchanges over the past 24 hours multiplied by the value of an individual unit of that coin. In order to control inflation of the BDX token, Beldex employs a coin burn mechanism, which also involves Flash transactions carried out on the second layer of the blockchain. Beldex offers its users a range of dApps that prioritize confidentiality, decentralized products such as the anonymous private messenger BChat, the private P2P VPN BelNet, and the private Beldex Browser.

1. The RingCT protocol ensures transaction confidentiality, disguising sender and recipient addresses and transaction details, including the transfer amount.
2. The BDX exchange rate sometimes moves with or in response to changes in the wider economy.
3. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.
4. Therefore, it is impossible to accurately predict the price of Beldex 5 years from now.

Beldex (BDX) Live Price

When trying to make a Beldex forecast, many traders also try to monitor the activity of BDX “whales”, which are entities and individuals that control large amounts of BDX. Since the Beldex market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Beldex’s price movements. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 53.39, which indicates that the BDX market is in a neutral position. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose.

The BDX exchange rate sometimes moves with or in response to changes in the wider economy. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the Beldex price higher or lower. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. The better informed you are, the better the decisions you will be empowered to make.

Fear & Greed Index

For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits. Many cryptocurrency traders pay close attention to the markets when the current Beldex price crosses an important moving average like the 200-day SMA. It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price.

The crypto market is a highly dynamic and fast-paced environment that rapidly changes. Just as with Beldex, understanding these dynamics can be pivotal to your investment decisions. Beldex and similar cryptocurrencies have had high price volatility in the past. Sharp price increases and drops can happen within hours, or even minutes.

Beldex is a proof-of-stake (PoS) currency, which means that blocks on the Beldex blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by « staking » existing coins on the network or by running a master node. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Beldex.

For example, a 12-day simple moving average for BDX is a sum of BDX’s closing prices over the last 12 days which is then divided by 12. Beldex price is $0.0793, up 0.40% in the last 24 hours, and the live market cap is $547,871,894. It has circulating supply of 6,912,420,495 BDX coins and a max supply of 9,930,440,197 BDX alongside $7M 24h trading volume.

There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering. Beldex traders use a variety of tools to try and determine the direction in which the BDX market is likely to head next. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

Similar Coins

Currencies that are positively correlated with Beldex indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Beldex, a move in one direction for Beldex would translate into a move in the opposite direction for the negatively correlated coin. Assets with the largest change in unique page views on CoinStats in the last 24 hours. The Beldex ecosystem is built and maintained by a team of professionals from various industries. According to the official website, the Beldex team consists of accomplished professionals from finance, marketing, and technology who uphold the ethos of community-first and decentralization. The ecosystem of Beldex also supports cross-chain anonymity and interoperability through the Beldex bridge, which is already integrated with BNB Smart Chain.

1. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition.
2. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price.
3. Many cryptocurrency traders pay close attention to the markets when the current Beldex price crosses an important moving average like the 200-day SMA.
4. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite.
5. As the name suggests, a moving average provides the average closing price for BDX over a selected time frame, which is divided into a number of periods of the same length.

That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall. The cryptocurrency data displayed on the platform (such as real-time prices) is sourced from third parties and for reference only, no guarantees provided. Trading on the internet comes with risks, including software and hardware failures. The platform does not control the reliability of the internet and is not responsible for any losses resulting from connection failures or other related issues. Beldex is a leading confidential dApp ecosystem consisting of decentralized and confidential applications that include BChat, BelNet, Beldex browser, the Beldex protocol, and the Beldex bridge.

An institution with sufficient information about the inputs and outputs of a wallet can perform analysis to find information pertaining to a transaction, also known as an EABE attack. Beldex proposes a unique, viable solution to the problems of privacy, scalability, and ecosystem. As of Dec 30, Beldex has a market capitalization of $530.5 Million and is ranked #132 among all cryptocurrencies. This calculation is based on the circulating supply of Beldex However, if we take into account the total supply of Beldex, the market capitalization would be $788.5 beldex coin price Million. All of these factors influence the Beldex exchange rate and the exchange rates of other cryptocurrencies – today.