FLEX, the coin fueling the innovative crypto futures exchange CoinFLEX, has exhibited impressive trading performance over the past week. Consequently, the price of the coins started trending upwards.
However, the all-time high for the coin was at $7.20 in December 2021. From its all-time high price, the coin is down nearly 69%.
FLEX Coin Price Analysis
The coin rose upwards by gaining over 60% of price in the last seven days. From a trading price of nearly $1.29, the coin recorded its weekly high at $2.80. However, at press time, the trading price of the coin is at $2.22 with a 24-hour trading volume of $1.37 Million. The last 24-hour price range for the coin was marked low at $2.12, while the high was marked at $2.42.
As per data sourced from CoinMarketCap (CMC), the coin’s price is down by nearly 4.33% in the last 24 hours, with a current market cap of $217.76 Million.
Among the top-500 coins in the CMC listing, FLEX topped the list of gainers with 73.63% of price gain in the last seven days. VAI, STRX, AGLD, and PENDLE are other coins following FLEX with a good trading week.
Crypto Market Updates
The global crypto market cap is currently at $1.05 Trillion with a 0.18% increase over the previous day. The total crypto market volume over the last 24 hours is $27.84 Billion, which marks a 15.48% decrease. The total volume in decentralized finance (DeFi) is currently $1.94 Billion, which is 6.96% of the total crypto market’s 24-hour volume.
Moreover, the volume of all stable coins is currently $26.09 Billion, which is 93.73% of the total crypto market’s 24-hour volume. The dominance of Bitcoin (BTC) is currently 47.80%, indicating an increase of 0.22% over the day. BTC started trading in the range of $26K while Ethereum (ETH) also showed a bullish outlook by surpassing the trading range of $1.7K.
The recent action by the U.S. Securities and Exchange Commission (SEC) against two of the largest crypto exchanges impacted the price of most of the cryptocurrencies. Due to the SEC’s decision, BTC and ETH dropped to $25,600 and $1,747, respectively.
Many other cryptocurrencies were further affected by the SEC’s actions, among which Cardano (ADA) and Solana (SOL) declined by more than 20%.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/12/flex-coin-moving-up-with-a-60-gain-in-the-last-week/