Lester Freeman
Unifi Protocol DAO (UNFI) is a decentralised finance ecosystem that operates as a multi-chain DeFi protocol across multiple blockchain networks. The UNFI token is a native asset with governance rights, allowing holders to vote on proposals for updates and changes to the network. The token can also be staked to participate in the consensus mechanism that protects the integrity of the network. With a market cap of $27.24 million USD, a 24-hour trading volume of $11.45 million USD, and a current price of $3.156911, is UNFI a good investment?
What You'll Learn
Current price and market cap
The current price of Unifi Protocol DAO (UNFI) is $3.156911 per UNFI/USD, with a 24-hour trading volume of $11.45 million USD. The live price of UNFI is updated in real-time and is available on Binance. The price of UNFI has increased by 2.74% in the last 24 hours, with a circulating supply of 8.63 million. The market cap of UNFI is $27.24 million USD.
The highest price paid for UNFI was BTC0.001209, recorded on March 1, 2021, which is 93.70% higher than the current price. The lowest price paid for UNFI was BTC0.00004037, recorded on May 12, 2022, which is 102.60% lower than the current price.
The trading volume of UNFI is $7,892,735.02 in the last 24 hours, representing a 58.00% increase from the previous day, indicating a recent rise in market activity. The market capitalization of UNFI is BTC365.6884, and it is ranked #941 on CoinGecko. The fully diluted valuation of UNFI is BTC463.4986.
UNFI is available for trading on Gate.io, PointPay, and MEXC. It can also be traded using the Coinbase Wallet, but it is not available for trading on the Coinbase Exchange.
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Trading volume
The trading volume of UNFI has shown some positive signs recently. As of August 2024, the 24-hour trading volume was reported to be $7,892,735.02, representing a significant 58% increase from the previous day. This indicates a rise in market activity and interest in the coin.
It's worth noting that the trading volume can vary across different exchanges. For example, on Gate.io, the most popular exchange for UNFI, the trading pair UNFI/USDT had a 24-hour trading volume of $102,877.44. This exchange appears to have a relatively higher trading volume for UNFI compared to other platforms.
The recent increase in trading volume for UNFI could be attributed to several factors. One reason could be the overall bullish sentiment in the UNFI community, as mentioned in the source. Positive developments or news regarding the Unifi Protocol DAO platform and its features, such as its multichain capabilities and decentralized exchange (uTrade), may also contribute to the increased trading volume.
Additionally, UNFI's availability on popular exchanges like Gate.io and Coinbase Wallet could be a factor in its trading volume. The convenience and accessibility provided by these platforms may attract more traders and investors.
However, it's important to consider that trading volume can fluctuate over time and may not always remain at these levels. The cryptocurrency market is highly volatile, and trading volumes can change rapidly. Therefore, investors should monitor the trading volume of UNFI regularly to make informed decisions and assess the liquidity risks associated with this cryptocurrency.
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All-time high and low
The all-time high for the Unifi Protocol DAO (UNFI) was on March 1, 2021, when the price of a single UNFI token was BTC0.001209. In US dollars, the all-time high is stated as $43.62.
Comparatively, the current price of BTC0.00004625 per token is 93.7% lower than the all-time high. This indicates that the value of UNFI has decreased significantly since its peak in 2021.
The all-time low for UNFI was recorded on May 12, 2022, when the price of a single token was BTC0.00004037. The current price is 102.6% higher than the all-time low, suggesting a recovery in value since 2022.
On May 21, 2024, UNFI reached a high of $5.38, but it has since decreased to around $2.74. This volatility in price highlights the unpredictable nature of cryptocurrency investments.
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Staking and earning UNFI
UNFI is the native governance token of the Unifi Protocol DAO platform. Users can stake and earn UNFI as rewards. The token is available on multiple blockchains as a native asset with attached governance rights. This helps the protocol fulfil its mission as a multi-chain cryptocurrency and governance token. When staked, holders can vote on proposals for updates and changes to the network.
UNFI can be staked by individuals to participate in the consensus mechanism, which protects the integrity and operations supported within the network. Nodes secure the Unifi Protocol DAO platform. The platform uses a Delegated Proof-of-stake (DPoS) consensus algorithm to secure the protocol in its multi-chain operation.
The Unifi Protocol DAO community has future plans to introduce its own blockchain and more decentralised finance protocols, which will be made accessible on its platform.
UNFI tokens can be traded on centralised crypto exchanges, with the most popular exchange being Gate.io. Other popular options include PointPay and MEXC.
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Buying UNFI
UNFI is the native governance token of the Unifi Protocol DAO platform, a decentralised finance ecosystem. The token is available on multiple blockchains and can be staked by individuals to participate in the consensus mechanism, which protects the integrity of the network.
Where to Buy UNFI
UNFI can be purchased directly from Binance using a debit or credit card, or traded for other cryptocurrencies. It is also available on Coinbase Wallet, Gate.io, PointPay, and MEXC.
UNFI Price History
The highest price paid for UNFI was BTC0.001209, recorded on 1 March 2021. The current price of $2.74 is 93.7% lower than the all-time high. The lowest price paid for UNFI was BTC0.00004037, recorded on 12 May 2022. The current price is 102.6% higher than the all-time low.
Market Capitalisation
The market capitalisation of UNFI is BTC365.6884 and it is ranked #941 on CoinGecko. The market cap is calculated by multiplying the token price with the circulating supply of UNFI tokens (7.9 million tokens are tradable on the market today).
Fully Diluted Valuation
The fully diluted valuation (FDV) of UNFI is BTC463.4986. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 million UNFI tokens are in circulation.
Trading Volume
The trading volume of UNFI was $7,892,735.02 in the last 24 hours, representing a 58% increase from the previous day.
Recent Developments
Binance has announced the addition of a monitoring tag for Unifi Protocol DAO (UNFI). However, Coinbase will suspend trading of UNFI on 1 April 2024.
Future Plans
Future plans laid out by the Unifi Protocol DAO community include its own blockchain and the introduction of more decentralised finance protocols made accessible on its platform.
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Frequently asked questions
Unifi Protocol DAO is a decentralised finance ecosystem that runs on and between multiple blockchain networks. It was developed in 2018 by Sesameseed, a multichain staking community.
UNFI is the governance token of the Unifi Protocol DAO platform. It is available on multiple blockchains and when staked, holders can vote on proposals for updates and changes to the network.
UNFI can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies.
The current price of UNFI is $2.74, with a 24-hour trading volume of $7,892,735.02. The highest price paid for UNFI was BTC0.001209 on March 1, 2021.
