The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Its price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time BDX to USD exchange rates.
So when comparing from the past to the present, BDX maintains a strong and steady price from its launch. Even when other coins go through market fluctuations, Beldex stands firm. So, due to these factors and a strong developmental roadmap, Beldex will be able to reach $5 in 2025.
The 200-day SMA is calculated by taking Beldex’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Currencies that are positively correlated with Beldex indicate that the movement of beldex coin price one has a statistically significant weight to lead the other in the same direction. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought .
Beldex Price Prediction: Will BDX reach $1 by 2022?
Some traders use different moving averages than the 50-day and 200-day SMAs to define death crosses and golden crosses. However, all definitions include a short-term SMA crossing above or falling below a long-term SMA. The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Beldex.
The total market value of a cryptocurrency’s circulating supply. It is analogous to the free-float capitalization https://cryptolisting.org/ in the stock market. Predicting the price for the future is always based on the impression left on the past.
To check Beldex’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. It is launched for secured and privacy transactions for users and increases the transaction speed too. The information provided is for general information purposes only. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Reward amounts will be determined based on the type and relevance of the information provided.
- The Beldex golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA.
- Beldex traders use a variety of tools to try and determine the direction in which the BDX market is likely to head next.
- So each upcoming project is carefully developed with maximal security and privacy.
Investors were waiting for upcoming US employment figures scheduled to be released on Friday. Meanwhile, the global cryptocurrency market cap is trading higher around $1.20tn, rising 2% in the last 24 hours. The market cap of Bitcoin was approximately $563bn, with Bitcoin’s dominance currently 47.13%, according to CoinMarketCap. Just like with any other asset, the price action of Beldex is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of BDX.
This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Till now, it has had ups and downs but maintains an average price of around $0.9. BChat, BelNet, and Beldex Browser are secure and privacy-based social applications for private messaging and browsing. The messages or traffic passes through the Beldex network in the encrypted form of data.
The market capitalization of Beldex can change significantly in a short period of time. Many cryptocurrency traders pay close attention to the markets when the current Beldex price crosses an important moving average like the 200-day SMA. Our converter updates in real time giving you accurate data every time you use it to make a conversion. The current price direction of Beldex is decreasing because BDX is down 10.91% in the last 30 days. Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
Beldex Historical Price Performance
Based on our Beldex forecast, it’s now a bad time to buy Beldex. Beldex is being traded on 3 cryptocurrency exchanges, including KuCoin and gate.io. If you wish to purchase BDX, check our guide on how to buy Beldex in 6 steps. Beldex’s current circulating supply is 4.02B BDX out of max supply of 9.90B BDX. The current yearly supply inflation rate is 35.33% meaning 1.05B BDX were created in the last year. Then the coin went into a bear phase in November 2019 at $0.014 and it started its bull phase even though there were fluctuations in the crypto market.
So, the current bull market and the upcoming developments will lead to an increase in price, and by the end of the year, BDX is expected to reach $1 without any doubt. When trying to make a Beldex forecast, many traders also try to monitor the activity of BDX “whales”, which are entities and individuals that control large amounts of BDX. Since the Beldex market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Beldex’s price movements. The Beldex price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days.
Investors should note that exchanges charge some fees when you make an investment and redeem it. The fee levied may vary from one exchange to another, and from one currency to another. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically rewarding.
Each candlestick will display BDX’s opening price, closing price, as well as the highest and lowest prices that Beldex reached within the 1-hour period. In addition to the simple moving average , traders also use another type of moving average called the exponential moving average . The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Beldex traders use a variety of tools to try and determine the direction in which the BDX market is likely to head next. These tools can roughly be divided into indicators and chart patterns.
Compare Beldex Performance
Once the block is filled with data, it is chained to the previous block, which then chains the data in a chronological order. Blockchain’s most common use so far has been as a ledger for transactions. Decentralised blockchains are immutable, which means data once entered is irreversible. In the case of cryptocurrencies, this means transactions are recorded permanently and can be viewed by anyone. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Beldex’s price action in 1-hour chunks.
If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The table above shows the number of days which Beldex closed above a certain price level. The most recent Death Cross in the Bitcoin market happened 484 days ago, on Jan 05, 2022. Meanwhile, a Golden Cross last occurred on Apr 04, 2023, which was 30 days ago. The BDX to INR conversion rate today is ₹4.0731 and has decreased by 0.02% in the last 24 hours. In the last 24 hours.BDX has a circulating supply of 4.02 B BDX and a max supply of 9.9 B BDX.
As the name suggests, a moving average provides the average closing price for BDX over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for BDX is a sum of BDX’s closing prices over the last 12 days which is then divided by 12. Another tool you can use is to gauge the market sentiment to see whether investors are optimistic or pessimistic about Beldex. Keep in mind that there is no way to predict the future with 100% success, and past performance is no guarantee of future results. It’s not a very difficult task to invest in cryptocurrency, thanks to the easy access available to crypto exchanges and deep penetration of the internet and smartphones.
Moving averages are a popular indicator in all financial markets. The purpose of a moving average is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average and exponential moving average . Ever received a paper token from your next-door paan shop in lieu of a small change, which he would accept the next time you visit him? The big difference is, here there is no owner-issuer and it would, at least in theory, be accepted globally.