Ferrum Network Token Price, Charts & Market Insights Your Crypto Hub

Ferrum Network currently sits below all exponential moving averages. Compared to other crypto coins which started the same year as Ferrum Network it has below-average trading volume, average volume for the other 501 coins started in 2019 is $2M while FRM has $554K. By exchanging FRM against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Ferrum Network can be earned or received in various ways. FRM considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. The given all are fiat currency and the most widespread pairs in the market.

1. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies.
2. Ferrum tokens (FRM) function as gas tokens to reduce fees between transactions on the platforms.
3. To see more analysis and outlook, please check the Ferrum Network price prediction page.
4. These are the project’s quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
5. FRM is down -23.63% against Ethereum and down -25.07% against Bitcoin in the last 1 month.

According to our historical data, it is currently not profitable to invest in Ferrum Network. The price of Ferrum Network increased by 43.63% in the last 1 year, while the coin’s 3-year performance is -79.43%. Ferrum Network price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of . The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 31.61, which indicates that the FRM market is in a neutral position.

What is Ferrum Network’s 50-Day SMA and what does it indicate?

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 current Ferrum Network sentiment is bearish according to our technical analysis. Over the past 7 days, Ferrum Network price was most positively correlated with the price of and most negatively correlated with the price of . The cryptocurrency’s market Price changes in percent within the last 24 hours (1 day).

Ferrum Network is a complete decentralized finance (DeFi) ecosystem that interoperates across chains, removing barriers to DeFi mass adoption. Using the Link Drop feature within Ferrum Network UniFyre Wallet, users can send risk-free payments over any chat or social media application. Ferrum Network provides a flexible Staking-as-a-Service mechanism compatible with any ERC-20 token allowing users to lock and earn tokens similar to a decentralized high-yield savings account. Ferrum tokens (FRM) function as gas tokens to reduce fees between transactions on the platforms.

FRM Technical Analysis

For more information on the market capitalization and price statistics See full market cap and price stats. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the FRM price moves above any of these averages, it is generally seen as a bullish sign for Ferrum Network.

They’re used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project’s website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Live FRM Price Summary

The Fear & Greed Index can be a useful measure of Ferrum Network investors’ sentiment, and is based primarily on Bitcoin-related market data. The purpose of a moving average (MA) 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, frm coin price simple moving average (SMA) and exponential moving average (EMA). As of Jan 30, Ferrum Network has a market capitalization of $13.2 Million and is ranked #705 among all cryptocurrencies. This calculation is based on the circulating supply of Ferrum Network However, if we take into account the total supply of Ferrum Network, the market capitalization would be $30.9 Million.

Ferrum Network’s current circulating supply is 331.72M FRM out of max supply of 312.50M FRM. In terms of market cap, Ferrum Network is currently ranked #133 https://cryptolisting.org/ in the Tron Network sector. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

Spent FRM tokens are burned forever, encouraging deflation by decreasing FRM circulating supply. Ferrum is a non-custodial exchange, allowing users full control over their wallet private keys. The live Harvest Finance price today is $41.41 USD with a 24-hour trading volume of $1,021,790 USD. The current CoinMarketCap ranking is #662, with a live market cap of $28,360,120 USD.

Some traders try to identify candlestick patterns when making cryptocurrency price predictions 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. 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 Ferrum Network’s price action in 1-hour chunks. Each candlestick will display FRM’s opening price, closing price, as well as the highest and lowest prices that Ferrum Network reached within the 1-hour period.

1-hour, 4-hour and 1-day candlestick charts are among the most popular. The Ferrum Network price prediction on CoinCodex is calculated using the historical Ferrum Network price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. Our coin market data for Ferrum Network goes back to 12 Jun 2020, and shows that the lowest rate ever recorded was in Jul 2022, which was 1 year ago, when Ferrum Network was worth only $0.019. The year that saw the most significant increase in Ferrum Network value was 2021, as its value surged from $0.141 to $0.966.

Any use or reliance on our content is solely at your own risk and discretion. Among all the assets available on CoinStats, these have the most similar market capitalization to Ferrum Network. When trying to make a Ferrum Network forecast, many traders also try to monitor the activity of FRM “whales”, which are entities and individuals that control large amounts of FRM. Since the Ferrum Network market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Ferrum Network’s price movements.

The most active and popular exchanges for buying or selling FRM are Binance, Kucoin & Kraken. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor. Most traders use candlestick charts, as they provide more information than a simple line chart.

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market. Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. For the last 30 days, more than 783 FRM transactions have been made, on average daily 26.10 completed transactions.