1
ALCX
=
USD
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
0.06% | -2.92% | 1.81% | 9.75% | 1.71% | 1.20% |
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
0.06% | -2.92% | 1.81% | 9.75% | 1.71% | 1.20% |
1
ALCX
=
USD
1
3
2
Price has decreased by -57.17% in the last 1 year.
Alchemix is currently trading -26.32% below the 200-Day SMA which is $17.99.
The 14-Day Relative Strength Index (RSI) is at 40.30 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
The number of green days in the last 30 days is 13 which is 44%.
The circulating supply has yet to be published.
Has high liquidity with 0.03113 volume to market cap ratio. The current market cap is $32.46M while the 24-hour volume is $1.01M
Year | Q1 | Q2 | Q3 | Q4 | Total |
---|---|---|---|---|---|
ALCX comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist. |
Alchemix token is the administrative token for the Alchemix protocol. ALCX is an Ethereum token that oversees Alchemix Money. It is a protocol that allows clients to open collateral loans and uphold credits that are paid off naturally utilizing yield produced by the security. ALCX can be utilized to offer and decide on changes to the system.
In this article we will shed light on the various dimensions of this crypto currency. We will discuss how this digital coin came into being. We will also help you understand its various use cases. On the top of that, this content piece will also provide you with an understanding of what is its present stature and what are its plans and developments in the future. In short, we will put you through an excellent path wherein you can make an informed decision of whether you should invest in this digital coin or not.
Alchemix is a unique digital currency in the crypto ecosystem. ALX tokens are the representative of this digital asset. This is the governance token of this currency. The approach of this crypto coin is very different from its contemporary digital currencies.
The origins of Alchemix may be traced back to the development of decentralized finance (DeFi). Alchemix, a newcomer in the DeFi industry, has rapidly garnered acclaim for its inventive financial strategies. The protocol was created to address the constraints of conventional financial systems, specifically the delay in generating returns from assets. Alchemix has revolutionized liquidity in the cryptocurrency industry by enabling consumers to borrow against their future asset returns.
Alchemix works on a unique model whose main objective is to to completely transform the way we do transactions financially and the traditional economic system. This system gives the liberty to the users of this digital currency to get an advance on the income that they are going to receive in the years to come. This is done through the self funded loans offerings. This means that users can borrow based on future asset returns and the protocol makes use of the fund that it has received to automatically repay these loans as the time goes by. The benefit of this system is that the users can get the opportunity to instantly get money without any wait time or hassle of waiting for their assets for money generation.
Alchemix opens up a wealth of possibilities in the use cases domain. Users can tap into its singular financial model and can avail for themselves these varied methods:of wealth creation:
This involves users the brighter prospects to deposit their assets into Alchemix Vaults. These vaults are the ones that produce good yield or earnings . The Vaults utilize deposited assets as collateral to generate synthetic stablecoins known as alUSD. Users can put to use these stablecoins for various reasons while simultaneously collecting yield on their original investment.
Alchemix enables customers to employ leveraged yield farming techniques while minimizing the potential danger of liquidation. Users can enhance their results by leveraging alUSD by borrowing against their deposited collateral.
Alchemix offers customers the ability to produce passive income by placing assets into Vaults. customers may then utilize the created alUSD for costs or further investment options, while their original assets continue to generate return.
Liquidity suppliers have the opportunity to gain extra cash by giving liquidity to the Alchemix Vaults. As compensation, they are given incentives in the form of alUSD and ALCX tokens.
Users have the option to secure their assets as collateral in order to get alUSD loans. These loans may be utilized for a range of objectives, including trading, investing, or financing costs, without the necessity of selling the underlying assets.
Traders and investors have the option to utilize Alchemix as a means of safeguarding against fluctuations in prices. This may be accomplished by converting assets prone to wild price swings into stable virtual currencies such as alUSD. As a result, their vulnerability to market changes is significantly reduced.
This digital coin offers users the ability to gradually repay debts without having to sell their possessions. Users can repay their debts by placing assets into Vaults and borrowing alUSD against them. This activity helps to utilize future revenue streams.
Traders can engage in investment through the forecast in the future value of synthetic assets that this digital coin creates. They could possibly earn revenue through the purchase of these assets at a low price and than sell it off at a higher price.
Developers and entrepreneurs can make use of Alchemix for developing new apps and services that take note of its distinguishing set of features.
The benefits of investing in Alchemix are as follows:
Maintain exposure to significant assets while effectively utilizing them. Optimize your wealth by borrowing a synthetic form of your collateral, while avoiding the danger of liquidation.
Alchemix is broadening the spectrum of eligible collateral which means you can maximize your wealth like never before.
This token guarantees that come what may, it never liquidates under any circumstances. This means that you have the chance to reimburse the money at your own sweet time
In an effort to reduce the possibility of collateral exploitation, this procedure does away with the requirement for manual fulfillment of commitments. Users are also able to trade their used assets utilizing decentralized sites that are compatible with the platform.
ALCX grants holders the ability to actively engage in the formation of decisions of this cryptoworld. They can demonstrate an influence over in its future course of action and its advancement.
The process of paying back the loans can be done in the following steps:
The first step is for the user to contribute a cryptocurrency like DAI into the Alchemix platform. . With this transfer, the platform's activities get up and running.
The user can subsequently use this transfer as a collateral. The value of the tokens that are transferred determines the quantity that can be used.
To see how much a user may use, the platform shows the 'Accessible Collateral Value' amount.
The amount used is seen as a debt that needs to be paid back. It can be paid either automatically over time or by hand using the complete function.
The sustainability of Alchemix's self-repayment loans is guaranteed by a novel system that generates non-monetary benefits. In DeFi vaults, users may earn non-monetary prizes by using stablecoins as collateral. These intangible benefits serve as collateral for the borrowed synthetic assets and are instantly credited to the initial loan when they are created. The fact that Alchemix automates this procedure makes it a DeFi platform. Users are able to swap their synthetic assets for the genuine stablecoin at a 1:1 ratio thanks to the platform's Transmuter function. The Transmuter is constantly receiving the non-monetary incentives that are created by the DeFi vaults and is then transformed back into the original stablecoin. The platform's capability is enhanced by its interconnection with other DeFi devices.
With popular assets like Tether (USDT), USDC Coin (USDC), Ethereum (ETH), and MakerDao (DAI) users may construct synthetic stablecoins like alUSD on the Alchemix platform. To back the synthetic stablecoins, these assets are used. Loan collateral that yields interest or is backed by assets that already have equity can be accepted by Alchemix. The central contract handles account management and the issuance of debt tokens on the platform, which functions as a debt system. These debt tokens encompass additional digital assets or cryptocurrency. You may use Alchemix to make new tokens, pay off debts, and free assets that were supplied to you. The platform's goal is to make things easy for consumers by providing a solution that lets them use half of their assets without worrying about extra fees or ongoing commitments.
Conclusion
We did our best to go over all the significant elements of this coin in our comprehensive article. However, it might have been possible that we overlooked a few facts regarding this coin from our summary. So, before you decide to deposit your money into this digital asset, make sure you carry out your research or consult a crypto professional. Additionally, bear in mind that the digital currency landscape is marked by fierce competition, fluctuating prices, inconsistency in technology advancements, and unclear rules and regulations.
The current price of the Alchemix(ALCX) is $13.81, with a current market cap $32,463,155.23.
ALCX is a ticker symbol of the Alchemix.
At the movement,2.35M Alchemix tokens are already in the market out of 2.48M ALCX.
There are many options for buying crypto, and Alchemix can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Alchemix. It's a quick, easy, and secure way to buy Alchemix(ALCX).
No, It is not a stablecoin.
Alchemix had an all-time low of $10.34.
Alchemix had an all-time high of $11,060.63.
The current Alchemix price is $13.81. In the last 24 hours, Alchemix price has gone up by -2.92%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Alchemix price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Alchemix at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging ALCX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Alchemix can be earned or received in various ways. ALCX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the ALCX, including ALCX to PHP, ALCX to INR, ALCX to NGN, ALCX to THB, ALCX to CAD, ALCX to PKR, ALCX to IDR , ALCX to EUR , ALCX to AUD , ALCX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 ALCX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like ALCX to BTC, ALCX to GRASS, ALCX to SOL, ALCX to SUI, ALCX to DOGE, ALCX to ETH, ALCX to PEPE, ALCX to VIRTUAL, ALCX to GOAT, ALCX to BNB .
Alchemix price today is $13.81 USD, which is Down by -2.92% over the last 24 hours. There has been an hourly Rise by 0.06%. Alchemix's market cap currently sits at $32,463,155.23 USD, holding up for a market cap rank at #665. The volume were at $1,010,524.55 USD Alchemix ranks no 665 in the market capitalization of Alchemix is at $32,463,155.23 and its volume for 24 hours is $1,010,524.55. Alchemix are under circulation, with total supply of 2.48M and the Maximum supply of 0.
ALCX Price | $13.81 |
Percentage Change ( 24h ) | ▼2.92% $0.46 |
24h High / Low | $14.17 / $13.71 |
Trading Volume 24h | $1,010,524.55 |
Volume / Market Cap | 0.03113 |
Market Dominance | - |
Market Rank | 665 |
Market Cap | $32,463,155.23 |
Fully Diluted Market Cap | $34,224,699.48 |
All Time High | $11,060.63 ▼99.88% |
All Time Low | $10.34 ▲33.58% |
Circulating Supply | 2,351,290 ALCX |
Total Supply | 2,478,878 ALCX |
Max Supply | - |