Cryptocurrency

SPERAX (SPA) Coin Overview and Weekly Technical Review:

This article centers around a thorough assessment of SPA coin's technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it

This article centers around a thorough assessment of SPA coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it  ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.

 

What is SPERAX (SPA) Coin?

Sperax (SPA) is a cryptocurrency and blockchain project that aims to build a decentralized financial infrastructure for the global economy . It focuses on scalability , stability , and inclusivity in order to enable secure and efficient transactions .

 

The Sperax network utilizes a unique consensus mechanism called “Proof of Stake with Identity” (PoSID) . This consensus algorithm combines elements of Proof of Stake (PoS) with an identity-based approach to enhance security, prevent double-spending, and facilitate fast transaction confirmations .

 

If you want to know more about the Sperax (SPA) coin , you can visit its website.

SPERAX (SPA) Coin Overview and Weekly Technical Review2

https://sperax.io/

 

Projects:

 

Sperax (SPA) coin is associated with several projects and initiatives aimed at building a decentralized financial infrastructure . Here are some notable projects of Sperax:

 

  1. Stablecoin Infrastructure : Sperax aims to create a stablecoin ecosystem where users can issue their own stablecoins backed by collateral assets . This infrastructure facilitates low-cost cross-border payments, enables efficient remittances, and provides stability in volatile markets .

 

  1. Decentralized Finance (DeFi) : Sperax seeks to support various DeFi applications on its platform . These include lending platforms , decentralized exchanges (DEXs) , yield farming protocols, and more. By enabling these applications, Sperax aims to provide users with greater control over their finances without relying on intermediaries .

 

  1. Cross-Border Payments : The Sperax network focuses on improving the efficiency and affordability of cross-border transactions . By leveraging blockchain technology , it aims to reduce transaction costs and settlement times for global payments while maintaining security .

 

  1. Identity Verification : The Proof of Stake with Identity (PoSID) consensus mechanism used by the Sperax network incorporates identity-based verification into its protocol design . This helps enhance security by preventing double-spending attacks and ensuring the integrity of transactions .

 

5.Community Governance : The Sperax ecosystem promotes community governance through mechanisms such as voting or staking within the network’s native token SPA coin holders can participate in decision-making processes related to protocol upgrades or changes in system parameters .

 

These projects reflect the vision of creating an inclusive financial system that empowers individuals across borders while providing stability and scalability through innovative blockchain solutions .

 

Remember to conduct thorough research before engaging with any cryptocurrency project or making investment decisions .

 

Factors affecting price: 

 

The price of Sperax (SPA) coin, like any other cryptocurrency, can be influenced by various factors. Here are some key factors that may impact the price of SPA :

 

  1. Market Sentiment : The overall sentiment and perception of the cryptocurrency market can play a significant role in determining the price of SPA . Positive news or developments within the blockchain industry as well as investor confidence can drive up demand and subsequently affect the coin’s price .

 

  1. Adoption and Partnerships : The adoption rate of Sperax’s technology, partnerships with enterprises or financial institutions , and integration into existing platforms or ecosystems can have an impact on its price. Increased adoption often leads to increased utility and demand for the coin .

 

  1. Network Activity : The level of activity on the Sperax network, including transaction volume, usage of DeFi applications built on top of it , and engagement from users and developers can influence its value . Higher network activity generally indicates growing interest in the Project .

 

  1. Regulatory Environment : Changes in regulations related to cryptocurrencies at a local or global level could affect investor sentiment towards SPA coin . Regulations that support innovation while ensuring consumer protection tend to have a positive effect on prices .

 

5.Technical Developments : Upgrades to Sperax’s underlying technology such as protocol improvements, scalability solutions implementation or security enhancements might positively impact its value if they address existing limitations or attract more users to utilize its features .

 

6.Market Conditions : Broader market conditions such as trends in Bitcoin (BTC) or other major cryptocurrencies often have an indirect influence on altcoins like SPA due to their interconnectedness within the crypto ecosystem .

 

It is important to note that these factors interact with each other dynamically and are subject to change over time . Cryptocurrency markets are highly volatile ; therefore , investing in any digital asset should involve careful consideration and thorough research .

 

Where can I buy SPERAX Coin (SPA)?

 

Exchange                                 Pair                     Volume

 

 

 

 

 

 

SPERAX Coin (SPA) Baseline Assessment :

 

The market cap of the SPERAX (SPA) coin is $ 8.270.773 and its circulating supply is 1.647.520.755 units. Its maximum Supply is 5.000.000.000 units, with a fully diluted valuation of $ 25.100.664 .

 

What is the high price point for SPERAXCoin (SPA)?

Sperax (SPA) highest price is $0.2399 recorded on Mar 23, 2022. The current price is -97.91% lower than the all-time high .

What is the low point of the price for SPERAX Coin (SPA)?

 

Sperax (SPA)  token’s lowest price was $0.003601 on Jan 12, 2023 .

 

SPERAX Coin (SPA) Technical Outlook:

Sperax ( SPA ) coin, which was $0.2413 on 21 Mar 2022, fell to $ 0.003481 on 09 Jan 2023 . From here , it rose to the level of $0.011642 and made a 285% rise. The SPA coin, which could not hold here , was withdrawn again. Spa coin , which has received volume trading from these prices in recent weeks, will want to pull back as much as $0.003836, which is the support zone . This level should be followed carefully , below which the decline may become more severe . In possible rises, falling fibo lines will appear as resistance levels .

Our support: $0.003836 in-line resistances: $0.010205 – $0.018683 – $0.30456 – $0.049644 – $0.099523 – $0.241360

 

Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences .  Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .

 

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Sean Odhran

Financial Writer/ Content Editor Hello there, my name is Sean, and I'm a financial reporter with a particular interest in the world of cryptocurrency. I'm passionate about delivering accurate and insightful reporting that helps my readers navigate the complex world of finance and make informed decisions about their investments. As a financial reporter, I cover a wide range of topics, including market trends, economic indicators, and emerging technologies. I write financial news for different news sites and aim to raise awareness of the reader. I believe that staying on top of the latest developments in the financial world is essential for understanding the broader trends that are shaping our world. In addition to my work as a financial reporter, I'm also a keen writer and enjoy exploring different topics through my writing. I find that writing helps me clarify my thinking and express myself in a way that resonates with my readers.

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