IDEX is a token of the IDEX platform, which is considered to be the first hybrid liquidity decentralized exchange service. It brings together the best features of decentralized and centralized exchange platforms, such as order book and liquidity of Automated Market Making (AMM). This organization provides higher speed in comparison with fully decentralized services. It is also important to pay attention to the fact that to use this exchange people have to go through verification and provide their email addresses. The platform operates on the Ethereum and Binance blockchains.
IDEX tokens are used for staking by validator nodes. They also get rewards in tokens. However, in case they do not follow the service’s policy they may be fined. IDEX tokens have limited supply just like Bitcoin.
Let’s take a look at some IDEX statistics represented on coinmarketcap.com:
The IDEX mainnet was launched in October 2020. So far the project has a roadmap till the end of 2021.
The fourth quarter of 2021 will bring several significant changes:
- The most important IDEX’s solutions live. It is Optimized Optimistic Rollup (O2R), which is expected to lower the gas fees and bring IDEX closer in performance level to centralized exchanges.
- Polkadot Deployment. IDEX is preparing a multi-chain expansion, the parachain launch is almost ready and finally it will migrate to Polkadot minenet.
- Referral program will bring some interesting changes for users. They will be able to earn a percentage of the trade fees (up to 25%). The profit can be maximized by sharing the product.
- Leverage products introduction for a part of the market that can use only this type of exchange service.
Crypto community about IDEX
IDEX is a relatively new project, however, it was able to build up a nice community around it. In spite of the fact that the token performance is not at a top level now, people are supporting the project and expecting it to become bigger in the future. Let’s take a look at what users say about IDEX.
IDEX Price Prediction 2021
- The analysts of TradingBeasts believe that the IDEX price is going to be like that:
- WalletInvestor experts make this forecast for December these forecasts for the IDEX coin price:
- According to the DigitalCoinPrice service, the COTI price will be the following:
IDEX Price Prediction 2022
According to Tradingbeasts.com the price of the IDEX token is expected to grow steadily.
The WalletInvestor.com foresees the rise of the price from $0.241 (January minimum) to $0.493 (December maximum). The growth is expected to be non-linear. Around September the price may reach $0.594 and then go back down to the average $0.4.
The Digitalcoinprice.com has a little less optimistic forecast. It suggests that the price at the beginning of 2022 will be higher than at the end of the year. It is supposed the the January price will be around $0.557 and it will go down to $0.469 in December.
IDEX Price Prediction 2025
As of 14/10/2021 according to the WalletInvestor.com by the end of 2025 the IDEX price may go up to $0.875. The Digitalcoinprice.com supposes that 2025 will be a year when the price of IDEX may go past $1 mark, and finish the year at $1.07.
IDEX Historical Price Analysis
All Time High: $1.01 (Sep 09, 2021)
All Time Low: $0.008559 (Mar 16, 2020)
According to Coinmarketcap.com the growth of IDEX began around September, 2020, right before the IDEX 2.0 mainnet launch. The event happened in October, 2020, and the fact that it was preceded by a price rise signifies that it was expected by the community.
The next huge pump happened in September, 2021. The price reached the level of $1.01. This is the third quarter of the year, when a lot of essential changes were made, such as the appearance of hybrid liquidity. This feature really distinguishes IDEX from lots of other exchange services and helps to bring alive one of the core ideas of the project, which is combining the best from centralized and decentralized services.
Unfortunately, IDEX price was not able to stay at the high level, and the peak was followed by a downgoing trend.
IDEX project represents a unique example of an attempt to combine the best features of different types of existing exchange services. The team is trying to find a balance between the decentralization community is asking for and centralization that enables better performance. It seems that IDEX is ready to create innovative solutions for the crypto community.
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