The ADAX token is the native token of the automated liquidity protocol ADAX, which is built on Cardano. The ADAX protocol is crucial to bringing DeFi into the Cardano ecosystem since it provides all components necessary for it to function. With the protocol, users can buy and trade tokens in a decentralized manner, simplifying transaction processes in the ecosystem.
ADAX Price Analysis
As of December 6 2024 ADAX has a marketcap of $107K.
This is {{percentagefromath}} from its all time high of $2.44.
In terms of its tokenomics, there's a total supply of 100M with 52% currently outstanding.
Keep in mind ADAX has a fully diluted value of $203K which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
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