🦊📈 $IDEX
Coin Analysis, I believe it has potential;
1. Increase in Trading Volume (24h):
A 3786.69% increase in volume suggests that the market is more active and interested in IDEX.
High volume often precedes a higher valuation, especially if demand exceeds supply.
2. Relatively Low Market Cap:
At R$489.67M, the market cap is still small compared to larger cryptocurrencies. This means there is more room for growth if there is greater adoption.
3. Market Cap/TVL (1.14):
This ratio indicates that the protocol has balanced fundamentals, with the value locked (TVL) close to the market cap. Well-founded protocols tend to attract more investors.
4. Circulating Supply vs. Total:
807.49M IDEX are in circulation, out of 1B total. With almost all of the supply already in circulation, the risk of future dilution (printing of new coins) is low.