How to Buy AscendEX Native Token Buy ASD AscendEX

It has a circulating supply of 740 Million ASD coins and a total supply of 743 Million. If you are looking to buy or sell AscendEx, KuCoin is currently the most active exchange. Any of the exchange platforms which support ASD tokens can be used as a storage option. Keep in mind that keeping your tokens on any crypto exchange is not the safest option as it would mean you are willing to give control over them to a third party. An appropriate software or hardware wallet is also a viable option, just know that the latter would be a safer, albeit a more expensive one.

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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 . The Content available on Forbes.com is provided for informational purposes only. Under no circumstances should such information be considered as an offer to sell or a solicitation of any offer to buy the securities, currencies, commodities, cryptocurrencies or other financial instruments mentioned therein. Opinions expressed in such information are subject to change without notice.

This guide provides step-by-step instructions on how to buy Aptos, lists some exchanges where you can get it and provides daily price data on APT. Similar to crypto spot trading, there is no liquidation in leveraged token trading. AscendEX offers users an easy-to-use trading experience with Leveraged Tokens without requiring collateral in the Leveraged Token section of the platform. 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.

Invest simply, securely, and strategically in hundreds of cryptocurrencies on the platform. AscendEx was subject to a major attack, with $77 million worth of ETH, BCH and other tokens stolen from the exchange. As of Nov 10, The market capitalization of AscendEx Token is $51.1 Million, it’s ranked as #259. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. The AscendEX Token price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days.

Three Steps to Crypto Readiness

We may also receive payment if you click on certain links posted on our site. Through dynamic rebalancing, a leveraged Token purchases or sells more of the asset based on the asset’s daily performance to maintain its target leverage and to avoid the risk of liquidation. If you would like to know where to buy ASD at the current rate, the top cryptocurrency exchanges for trading in ASD stock are currently KuCoin, FTX, Gate.io, WOO Network, and AscendEX . AscendEX Token traders use a variety of tools to try and determine the direction in which the ASD market is likely to head next.

You are also able to trade tokens through cash or margin trading and can switch between with ease. There is a standard and professional feature for both of those options. The token pairs would be available on the left-hand side of the page, with the profit made with each pair in the last 24 hours. The option which should be especially interesting to the new traders is copy trading. You would simply look at other traders and choose the one you prefer based on their recent trading success and the amount it would cost for copying their strategy. Once you pick the one you would like to follow, simply use your crypto wallet to pay the amount required for their services which are paid in USDT.

With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform. If you want to invest in AscendEX, make sure you only invest an amount you are willing to risk. This guide provides step-by-step instructions on how to buy UltraSafe, lists some exchanges where you can get it and provides daily price data on ULTRA. This guide provides step-by-step instructions on how to buy Threshold Network, lists some exchanges where you can get it and provides daily price data on T.

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• Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ASD.

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. 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. Use idle digital assetsto earn daily rewards by staking them to invest in low-risk crypto derivatives, including DeFi yield farming, liquidity mining, DOT Slot Auction and more.

BTMX would also function as the economic incentive to incentivise users to participate in the BitMax ecosystem. Users of BitMax and/or holders of BTMX which did not actively participate will not receive any BTMX incentives. The Distributor which issues and sells BTMX shall be an affiliate of the Foundation. The limit of 10 billion BMAX is strictly imposed without any further increase.

Crypto Security Is Even More Important After The FTX Meltdown

AscendEX is a cryptocurrency exchange platform previously known as BitMax. This Singapore-based exchange supports well over 100 cryptos and trading pairs, while also being available in a large number of countries around the world. The platform has several features that can be interesting to traders and it offers a wide variety of services as well. Both margin and spot trading are available, as well as staking, DeFi yield farming, and a mobile application. Credit and debit cards are offered as payment options for buying digital assets on the platform, but the said platform is also rather easy to use which can be appealing to experienced traders, but especially to inexperienced ones.

Moving averages are among the most popular AscendEX Token price prediction tools. As the name suggests, a moving average provides the average closing price for ASD 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 ASD is a sum of ASD’s closing prices over the last 12 days which is then divided by 12. The purpose of a moving average is to smooth price action over a certain amount of time.

The platform lists over 200 digital assets from a wide range of industry-leading blockchain projects, which covers DeFi, NTF, Gamefi, Metaverse, Polygon, Solana and other popular ecosystems. ASD token holders are eligible for higher VIP levels https://cryptolisting.org/ and less transaction fee. ASD can be used in investment products for daily rewards, in Point Card for 50% discounted margin interest, and in AscendEX Auction. In the crypto landscape, leveraged tokens are an emerging financial product.

Many countries are taking a wait-and-see approach as they look into Central Bank Digital Currencies as an alternative to cryptocurrencies. Meanwhile, here are some regulatory objections to cryptocurrency use. The crypto industry shed $176 billion in market capitalization since Sunday, a 19.5% decline. Based on the amount of ASD consumed on a daily basis, the half amount of ASD will be permanently locked up. Also, users can transfer ASDP purchased back to ASD private sale pending release and these ASDP will be permanently locked up. Find the latest What is AscendEX Token price, coin profile, news and history to get you started with AscendEx Token trading and investing.

Bitcoin fell 11% Tuesday to just over $18,000, its lowest price since November 2020, as investors reacted to liquidity issues at the one-time stalwart exchange FTX. Bitcoin prices declined to their lowest in approximately two years today as many digital currencies experienced notable declines. These widespread losses took place as Binance’s potential acquisition of FTX continued to dominate headlines. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

ASD to USD Chart

The yield farming product of the platform is decentralized and it is used by the project to provide liquidity and share it with some DeFI platforms. Also, the native token of the platform has a key utilization within it as it is used for trading fee discounts and a chance to earn profits over time through staking. The native digital cryptographically-secured utility token of BitMax is a major component of the ecosystem on BitMax, and is designed to be used solely as the primary token on the platform. BTMX will initially be issued by the Distributor as ERC-20 standard compliant digital tokens on the Ethereum blockchain.

The AscendEX platform is an option where you can cash out these tokens directly for fiat currency. However, you can use any other exchange which supports ASD, but some of them will require you to swap them for crypto with better liquidity before you can exchange those for USD, EUR, or GBP. The P2P transaction would be a faster option as you would transfer the tokens to another individual’s crypto wallet and they would send the agreed amount in fiat currency to your bank account. Forbes makes no representations or warranties about the accuracy or completeness of the Content.

The controversial asset is once again facing a test of investor faith. Daily ASD consumed on the platform will be equally divided into two parts. 50% will be permanently locked up and the other 50% will be used to unlock ASD private sale pending release. The largest NFT marketplace on Immutable X for premium licensed digital collectibles rewar…

Are AscendEX transaction fees high?

The project was launched in September 2019 but has been rebranded in 2021 as AscendEX. Cold storage of funds is a measure which the platform utilizes to increase the safety for its users when using it. The services which the project offers can be brought down to a trading platform, several fiat options to be used as payments, and investment products which the users can take advantage of. The native ASD token was rebranded at the same time as the platform itself. Please note that investing in digital assets carries market risks, which also applies to users who purchase AscendEX Native Token on AscendEX.