LogX Network is an emerging decentralized finance (DeFi) player aiming to provide a comprehensive platform for trading various financial products. Here’s an overview of LogX Network based on the provided information:
LogX Network (LOGX) is currently ranked #2823 in the cryptocurrency market. The token is trading at $0.03047, having increased 5.90% in the last 24 hours. This price movement indicates a growing interest in the project.
LogX Network’s market capitalization is $3.96 million, placing it in the micro-cap category of cryptocurrencies. While this suggests the project is still in its early stages, it also implies potential for growth if the team delivers on its promises.
Over the past 24 hours, trading volume for LOGX reached $2.94 million, representing a significant 74.20% of its market cap. This high volume-to-market cap ratio indicates strong trading activity and liquidity for the token, which is generally a positive sign for investors.
LogX Network has 1 billion LOGX tokens, with a self-reported circulating supply of 130 million. The project’s fully diluted valuation (FDV) is $30.47 million, suggesting room for growth if the team successfully executes its roadmap.
LogX Network positions itself as a DeFi super app, offering various services, including perpetual markets, leveraged prediction markets, and meme coin trading. The platform aims to provide a seamless trading experience by aggregating liquidity from major centralized exchanges and leveraging technologies like Arbitrum for scaling and Hyperlane for cross-chain communication.
Key features of LogX Network include gasless trading, multi-asset support, and up to 20x leverage for prediction markets. These features are designed to attract retail traders and compete with both centralized and decentralized exchanges.
As with any cryptocurrency investment, potential investors should conduct thorough research and consider the project’s long-term viability, team experience, and market conditions before making any financial decisions.
