LeverFi Price Falls to $0.002637 Amidst $111M Volume

Quick Overview

The cryptocurrency market is a dynamic and rapidly evolving space, with tokens experiencing significant fluctuations in value and trading volume. One of them –  LeverFi (LEVER) is attracting attention currently. Let’s explore its historical performance, and the prevailing market trends.

LeverFi Trading Volume Soars 69%, Price at $0.002637

As of today, LeverFi (LEVER) is trading at a price of $0.002637. The token has seen a substantial 24-hour trading volume of $111,426,435.80, indicating high market activity. This increased trading volume, up by 69.90% in the past 24 hours, suggests significant interest and volatility in the token.

The token has experienced a notable decline in recent days. Over the past 24 hours, LEVER has declined by 30.03%, and over the past week, it has fallen by 24.86%. This downward trend reflects the broader market conditions and investor sentiment.

LeverFi has a market capitalisation of $86,137,590, with a circulating supply of 33,000,000,000 LEVER out of a total supply of 35,000,000,000 LEVER. The fully diluted valuation of the token stands at $92,216,662, which accounts for the total supply in the market.

Historical Prices: The Token Down 49% from High, Up 187% from Low

The token’s all-time high was $0.005215, reached on July 16, 2022. It has since declined by 49.3% from this peak. Conversely, its all-time low was $0.000923 on November 14, 2022, and it has risen by 186.6% from this low point. These historical price points highlight the token’s volatility and the potential for significant price swings.

In the past 24 hours, LEVER has traded within a range of $0.002436 to $0.004061. Over the past week, the range has been between $0.002465 and $0.004195. This data indicates a high level of price volatility, which can be both an opportunity and a risk for traders.

LeverFi’s 24.86% Weekly Decline vs. Market’s 4.70%

The global cryptocurrency market has seen a 4.70% decline over the past week, while the Alameda Research portfolio, which includes LEVER, has declined by 5.90%. LeverFi’s performance, with a 24.86% decline over the same period, has been worse than the broader market, indicating specific challenges or sentiment shifts affecting this token.

Binance remains the most active exchange for LEVER, with a trading volume of $80,225,908. Other exchanges like Gate.io and MEXC also contribute to the trading activity. The most active trading pair is LEVER/USDT on Binance, highlighting the liquidity and trading interest in this pair.

Despite recent declines, the community sentiment towards the token remains bullish. This optimism is crucial for its potential recovery and future growth, as positive sentiment can drive increased buying activity and support price stability.

Short-Term Volatility Expected for The Token, Possible Rebound

In the short term, LeverFi’s price is likely to remain volatile due to the high trading volume and recent price declines. If the trading volume continues to increase, we might see a rebound as traders take advantage of lower prices. However, if market sentiment does not improve, the price could continue to decline.

For a long-term perspective, LeverFi’s future will depend on several factors, including broader market trends, technological developments, and continued community support. Given its current market position and the historical performance, LEVER has the potential for significant price movements. If the broader cryptocurrency market recovers and sentiment towards LEVER improves, the token could regain and surpass previous highs.

Considering the recent trading volume increase and the bullish community sentiment, LeverFi might experience a short-term rebound. However, sustained growth will require positive developments in the broader market and continued interest from investors. If these conditions are met, LEVER could potentially see its price move back towards its all-time high of $0.005215 over the next few months.

LeverFi’s Volatility: High Volume, Price Decline, Future Potential

LeverFi (LEVER) is a token experiencing significant volatility and interest in the market. With a substantial increase in trading volume and a recent price decline, the token presents both opportunities and risks for traders. By understanding its historical performance and current market trends, investors can make informed decisions about their engagement with LEVER. As always, it is crucial to consider the broader market conditions and conduct thorough research before making any investment decisions.

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