Fido (FIDO) is an Ethereum-based cryptocurrency token launched in 2023. This article provides a detailed overview of its market performance, technical indicators, distribution, and frequently asked questions to help you understand this digital asset.
Current FIDO Price and Market Overview
As of the latest data, Fido is trading at approximately $0.0000059. The token opened at the same price today and is currently showing a slight increase of 1.31% from its opening value. However, it has experienced a decline of 0.63% over the past 24 hours.
The 24-hour trading range for FIDO has been between $0.0000044 and $0.0000060. The weekly performance shows a decrease of 1.54%, while monthly and yearly performances show declines of 8.88% and 64.46% respectively.
Against Bitcoin, FIDO has decreased by 1.36% in the past day and 79.12% over the past year. Compared to Ethereum, it has declined by 0.38% in 24 hours and 49.51% over 12 months.
Historical Price Performance
FIDO reached its all-time high of $0.000177, representing a significant decrease of -96.66% from that peak. Over the past 52 weeks, the token has traded between a low of $0.0000044 and a high of $0.0000369.
The token's performance metrics show a 3-month ROI of +3.03%, while the 6-month and 12-month returns stand at -64.02% and -63.95% respectively. The maximum drawdown recorded is -98.00%, with only 45.31% of trading days showing gains.
Market Capitalization and Trading Volume
The current market capitalization of Fido cannot be precisely calculated without accurate circulating supply data. However, based on the total supply, the fully diluted market capitalization would be approximately $58,369.
The trading volume for FIDO over the past 24 hours has been relatively low at $12. The token is currently traded on a single exchange, with more than 30 transactions completed over the past 30 days, averaging about one transaction per day.
Technical Analysis Indicators
Several technical indicators provide insight into FIDO's market position:
- RSI (14): 42.58 (Natural)
- Commodity Channel Index (20): -38.97 (Natural)
- Average Directional Index (14): 45.00 (Natural)
- Williams Percent Range (14): -36.14 (Natural)
- Ultimate Oscillator: 45.00 (Natural)
The moving average indicators predominantly suggest a "Sell" sentiment across various time frames, with EMA values ranging from 0.0000060 (10-day) to 0.0000090 (200-day).
Wealth Distribution Analysis
The distribution of FIDO tokens shows significant concentration among top holders:
- Top 1-10 addresses hold 53.76% of total supply (5,289,895,146 FIDO)
- Addresses 11-100 hold 31.70% (3,119,551,645 FIDO)
- Addresses 101-1000 hold 16.17% (1,590,552,689 FIDO)
It's important to note that some of these top addresses may belong to cryptocurrency exchanges rather than individual holders.
Blockchain statistics show there are currently 1,137 token holders with 15,267 total token transfers recorded. The top 100 richest addresses hold 8,422,359,202 FIDO tokens, representing approximately 86% of the total supply.
Volatility Metrics
FIDO has demonstrated varying levels of volatility across different time periods:
- 3-month volatility: 40.13%
- 6-month volatility: 57.22%
- 12-month volatility: 94.55%
These figures indicate relatively high volatility, which is characteristic of many smaller market cap cryptocurrency tokens.
Frequently Asked Questions
Where can I trade Fido (FIDO) tokens?
FIDO is currently available on one cryptocurrency exchange. You can check all available markets for trading this token. For those looking to explore additional trading options, you might want to check alternative trading platforms.
When was Fido first launched?
The Fido smart contract was deployed on the Ethereum blockchain on November 12, 2023, marking the official launch of the token.
What blockchain does Fido operate on?
Fido is an ERC-20 token built on the Ethereum blockchain, leveraging Ethereum's established network security and infrastructure.
What was the lowest price ever recorded for FIDO?
The lowest price recorded for FIDO in available data is $0.0000048, though specific date information for this low is not precisely documented in current records.
What was the highest price FIDO has reached?
FIDO reached its all-time high of approximately $0.000177, though the exact timing of this peak isn't specified in current records.
How does FIDO's market performance compare to similar tokens?
FIDO has shown significant volatility and price depreciation since its all-time high, with current prices representing a small fraction of its peak value. Like many emerging tokens, it demonstrates both the potential for growth and the risks associated with newer digital assets.
Understanding these aspects of Fido (FIDO) can help investors make informed decisions about this cryptocurrency token. As with any investment, thorough research and consideration of market conditions are essential before engaging with this or any digital asset.