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- DexTools has given returns of 284.2% to its investors in the last one year.
- The supply inflation of the DEXT is too low at -13.51%.
DEXTools (DEXT) is a DeFi token associated with the DEXTools app, with a reduced total supply of 150 million due to a team token burn. It facilitates access to advanced trading analytics and features within the platform. Created by traders Frederic and Javier in 2020, the project is self-funded.
The market cap of the DEXTools token has advanced by 0.98% in the last 24 hours resulting in $71.069M which has resulted in a market cap ranking of #464. The trading volume of the token has further declined by 34.5%.
The value of the traded volume for the crypto in the last 24 hours is $176K. Also, the volume/market cap ratio of the token is 0.25% which is very low. The trading price of the DEXT token has advanced by 18800% from its all-time low price.
The price of the crypto has also declined by 80.9% from its all-time high price which was recorded on November 16, 2021. Also, it was launched on the 03rd of July 2021.
The market cap dominance of the token is 0.01% and the volatility of the token is medium resulting in 4.25%. As per Coincodex, the sentiment of the crypto is bullish and the fear and greed index of the crypto is at 72, indicating greed among the investors.
DexTools Token Supply Overview
The circulating supply of the DEXTools crypto is 85.604 Million DEXT which is 42.8% of the max supply. The total supply of the token is 131.551 Million DEXT and the max supply of the crypto is 200.0 Million DEXT.
Moreover, the circulating supply market cap of the token is $75.007 Million and it has 17.9K holders which is followed by 147.3K transfers.
DEX Crypto Technical Analysis
The DEXT crypto price is forming a higher-high pattern on the weekly chart followed by a breakout above the crucial swing high. Currently, the price of the crypto is sustaining above the breakout level and is consolidating inside a small range.
If the trading price of the token further breaks above the last swing high, further advance in the price might be witnessed.
DEXT/USD Chart by TradingView
The trading price of the DEXT token has advanced above the popularly known EMAs such as the 20,50 and the 200-Day EMA. This indicates bullishness in the token price and the EMAs are also trading in a golden cross.
The MACD and the signal line have advanced above the zero level while both the lines overlap each other representing uncertainty in the direction of the price. The RSI also overlaps the 14-Day SMA line and is currently trading at a level of 52 indicating mild bullishness.
Summary
DEXTools (DEXT) has shown impressive returns of 284.2% to investors in the past year. Despite recent volume declines, its market cap ranks #464, with a 0.98% increase in 24 hours. With a bullish sentiment and a sustained uptrend, technical indicators suggest a potential for further price appreciation, especially if key resistance levels are breached.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
