The EADX Token, included in the list under the ticker EDX, entered the ranking very recently and occupies rank #6123. EDX has a very low capitalization of $2.17k, which means the project may be of interest to those who are interested in investing in minuscule cryptocurrencies. The token has recorded an amazing fluctuation relative to the dollar; in the last day, the token has increased in value by a whopping 21,920,239,208.95%. However, this figure may involve at least unusual trading or the manipulation of markets more than the actual growth.
EDX trades at $0.002192, investors have been drawn to the stock because of the low price of entry into the market. This is something that can easily attract new entrant to the crypto market since one does not have to deposit a huge amount of money for them to diversify their portfolio. However, future investors should be cautious for several reasons: affordable tokens are sensitive to price fluctuations, and they experience low trading compared to the already popular ICO coins.
24-hour volume for EDX is $990.10 which shows less traffic in the exchange process in contrast to other popular cryptocurrencies. This and the fact that the volume is generally low may be a blessing in disguise meaning that the token has great potential if the demand were to rise. Evaluating this factor gives the token the best chances of succeeding for investors to consider it.
However, currently under the Market Capitalization or the Fully Diluted Valuation (FDV) EDX is as low as $ 46.02K, and as it was mentioned market dynamics are still in the initial phase. FDV had given an indication of how much the company’s market capitalization would be if all the tokens in circulation existed at the current price. Because there will be a fixed total supply of the EDX tokens at 21 million, the above-limited supply could fuel future demand and, consequently, a higher price per token should more people embrace the token in the future.
At this time, according to its own statement, EDX has 1 million tokens in circulation. It could also bring about an upward pressure of the prices given the scarce opportunity available for investors to secure their stakes in EDX. However, it must be remembered that frequently the number cited is the supplied self-reported number, which might not fully depict the actual prevailing circulating supply and conditions.
In the process of developing cryptocurrency markets, EDX enters a world of competition between large giants and new projects. Such high volatility coupled with the latest few months’ performances may entice short-term traders or gamblers intending to get a quick buck; long-term-oriented investors should, therefore, undertake their research properly before investing in such a token.
Another area that should be considered indicators for a particular cryptocurrency project is community and developer sentiments. For EDX a strong user base around token will be significant for the further increases in rates and positions. When active from the users’ and developers’ side, higher recognition can be achieved, and new collaborations would also increase the utility of that specific token.
The sentiment that can be associated with EDX among the early adopters and the price speculators can be characterized as rather tentative but definitely positive. Some have considered it to be highly lucrative because of its low cost and relatively small market capitalization as compared to other major cryptocurrencies being traded currently, on the other hand, the skeptics that are against its adoption are justified given the high risks associated with investing in small alt coins.
It can also be seen that tokens such as EDX may just be due for broader integration since cryptocurrency is gradually scaling up as an industry. This means there would be more meaningful investment inflows into small-cap tokens as investors look for value in the digital assets markets.
The future of EDX or similar tokens will greatly depend on regulatory changes. Since governments across the globe are steadily creating structures for the use of cryptocurrencies, particularly for trading and investments, there will be improvements in the regulations that determine the investors’ scope of confidence in these markets.
Therefore, despite the fact that EADX Token (EDX) seems to open a promising niche in the sphere of cryptocurrencies, every investor should consider the weak and strong sides of this business proposal. Due to its relatively low cost and scarcity, it seems to have a higher potential to follow the sentiment of the stock market; therefore, it is better to approach this at the moment as a gamble. Typically, in the crypto investing space, one cannot overemphasize the need to do research work and manage risk for anyone who would want to venture into this highly volatile market.
