The rate at which the crypto world is growing is alarming. The pace is largely unpredictable, and several projects are looking better by offering investors more returns on their investments. One of such projects is IDEX. However, IDEX provides a lot of earning potential and allows traders to make easier and faster transactions.
This guide will critically study the basics of the IDEX network, the IDEX token, particular components, historical price analysis, and developments. We will also look at IDEX price prediction for 2022 and beyond.
What is IDEX?
IDEX is a decentralized exchange, which means it is a peer-to-peer platform that crypto traders can use to make their transactions. IDEX is notable because it is a hybrid liquidity decentralized exchange, the first type ever. It merges a high-performance order book and matching engine with Automated Market Making (AMM).
IDEX merges the best features of both centralized and decentralized exchanges. It takes the characteristics of a conventional order book and joins it with that of an AMM; it then allows investors to minimize their loss while trading by giving the finest spreads, eschewing failed transactions, and providing liquidity in real-time. It is also possible to stake IDEX coins.
In 2019, where there were a lot of restrictions on US citizens regarding altcoins based on ETH, IDEX provided an outlet for some alts, particularly those that were banned from by Binance, Bittrex, etc.; this made it the top choice for ETH-based decentralized exchanges in 2019.
However, some claim that IDEX is not as relevant as in 2019 because it does not back deep liquidity. The fact remains that IDEX is the first-ever hybrid liquidity of its kind; as such, it will always be relevant.
How IDEX works
IDEX enables traders to merge the speed of state channels with blockchain security by making sure interaction between two different databases is synchronized; this produces a process known as state hop. IDEX allows instant and indefinite trades while at the same time dispatching authorized deals to the Ethereum network. The ecosystem then takes action on the values the moment they are gotten, ensuring that the IDEX smart contracts show all the transactions processed in the IDEX database.
Trading on IDEX is the same as completing a transaction and closing it, so a new channel hub is created when you make an IDEX deposit. The moment IDEX confirms the transaction, the off-chain state is updated, and the approved deals are simultaneously prepared to be sent to the Ethereum network so the IDEX contract can process them. Traders can make many trades on the off-chain, as much as they want. But until all unresolved transactions have been finalized, they are not allowed to remove their funds. This plan shows the integrity of the blockchain while also securing your funds. It also allows for real-time transactions.
Components of IDEX
IDEX has been around for a while in the blockchain industry, and as such, they know what their consumers want. When you visit the website, you will see an excellent interface. The interface boasts of the total value of IDEX locked at $22,071,447. Some other features that users of IDEX can find on the interface include:
- Freedom and Security: IDEX promises that you can trade freely without losing control of your funds. You also have total authority over your wallet.
- Optimal Performance: IDEX’s trading engine has a high rate of buying and selling and immediate execution, which helps to reduce unsuccessful trades, front-running, and inflated slippage.
- With IDEX, there are no compromises, and you get to make fees as gain for providing liquidity in one click.
- A feature of IDEX is the ever-expansive ecosystem. They keep adding new things over time.
- You have the chance to stake IDEX to improve the exchange trading engine and makeup to 50% of trade fees as a consumer.
- The advanced IDEX API enables easy access to improve your existing trading software using an interface well known to you with millisecond delay.
- IDEX can also be used as a launchpad to kick-start your market by seeding liquidity; it allows you to maintain a lasting market as you attract more market contributors.
Some other components apart from the ones on the interface include are;
- High-Performance Exchange
- Hybrid Liquidity
- Smart Contracts
High-Performance Exchange
IDEX is a high-performance exchange. Why? Because it merges centralized exchanges with decentralized exchanges to give a wholesome network – reducing the delay rate and performance of transaction rates. Components of its high-performance rate include;
Trading Engine
The trading engine IDEX uses is an off-chain engine for processing transactions. The system processes tons of orders in a second and has a millisecond latency. The system also executes orders in an orderly manner; the way they are received; is as opposed to a massive percentage of decentralized exchanges that implement on-chain trades that lead to low transaction rates and high delays in transactions and orders being executed in a scattered manner.
The trading system that IDEX employs makes the user experience reactive and protects customers from failed trades, sandwich attacks, and other attacks that are problems for on-chain decentralized exchanges.
Order Book
The order book is combined with the trading engine to help reduce gas costs and use the transaction systems to the maximum. On IDEX, signed transactions depict orders, including things like price, amount, quantity, order type, etc. Trades are executed when processed orders (orders that have passed through the trading engine) complement existing liquidity, and if they do not, they are reserved as a fresh order. It happens so that the trade balances for both parties in the transaction are updated in real-time, and trades can continue immediately with the new ratios while simultaneously sending completed trades to the engine to be resolved.
Because on-chain trades only happen when a corresponding trade is being resolved, traders can book and reverse orders as much as they like without attracting extra fees; this is done in real-time, which helps to improve trading policies and improve market-making.
Advanced Orders
Advanced orders usually are not found on decentralized exchanges, but the high-performance trading engine makes it possible to have these strategies on IDEX.
Swap
IDEX uses a swap during transactions. It is a simple interface that can be used even if funds are not yet deposited into the platform. If funds are staked, swap happens instantly; if not, three steps are implemented in a sequence. The procedures are to deposit, trade, and withdraw.
Hybrid Liquidity
The hybrid liquidity component that IDEX employs is a next-gen decentralized feature that matches a conventional order book and pairing engine with the pool liquidity of an automated market maker. Traders are smoothly and continuously paired with the limit orders and pool liquidity at the lowest possible cost with minimal effort.
IDEX also uses a high-performance pairing engine to execute real-time trades like other order book exchanges. These book exchanges have advanced order types that allow traders to apply advanced trading plans. What makes IDEX hybrid liquidity unique, however, is that the trades are spontaneously matched with the best combination of both limit orders of other users and an automated market maker liquidity pool.
IDEX Hybrid Liquidity allows users to influence liquidity pools in a way that is advantageous to traders. The hybrid execution provides liquidity arrangement opportunities and yields for users.
Smart Contracts
IDEX uses smart contracts to break down and distribute funds, settle trades and introduce new decentralized finance (DeFi) systems. The way smart contracts work is explained below;
Custody/Escrow
In IDEX, smart contracts act as a deed or agreement that needs a specific condition to be activated. When trades are executed in real-time, there is a delay right before transactions are sent to the network for settlement. The wait is caused because the user needs to sign the order for the final payment. When that delay happens, it is essential for both parties in the transaction that the funds remain static; they do not move in-between execution and settlement, or else the transaction will fail. Smart contracts come in here, and it acts as a stop-gap that restricts the funds until all transactions are completed.
Enforce System Rules
The smart contracts that IDEX uses allow trades to be approved by traders and ensure the withdrawals made are not illegal and can only be sent to the owner of the account; this is a direct opposite to centralized exchanges that force users to depend on transactions. The account owners have no ownership or authorization over their transactions.
IDEX Products and Services
Apart from the above-listed features, some additional products, services, and improvements are listed below. These features are signs of progress made by the developers to the IDEX ecosystem in recent times;
- Faster Deposits: Developers of IDEX have reduced the confirmation time for users, to enable a better experience. In their year-ending blog post, they announced that they are in partnership with Polygon to look at many options, with the end goal being to make sure the confirmation has zero delays.
- Liquidity Mining: While the developers of IDEX have been using farms to grow their liquidity for IDEX and other crypto coins, they are now taking the next step by ensuring that they can pay out rewards in tokens apart from IDEX; this helps to expand the assets they are able to list while at the same time bolstering the assets’ liquidity. The developers also want to ensure that traders (farmers) are rewarded with more than one token.
- Fiat-On Ramp: Fiat-on ramp, simply defined, is a way to get crypto coins from real money. Developers of IDEX noticed that trading was difficult on the platform because users found it difficult to get the IDEX token; they had to use bridges on different platforms. Instead, the developers decided it would be easier to get the tokens directly using fiat-on ramps. They expect the development will help in reducing trading barriers.
The IDEX Cryptocurrency
The native token of the IDEX network is IDEX, and it is an ERC-20 token built on Ethereum. It is accessible on other blockchains like Binance Smart Chain (BSC) and Polkadot. The IDEX coin symbol is IDEX.
The maximum supply of IDEX tokens is unknown, but there is currently a total supply of 1 billion IDEX. IDEX now has 637 million tokens in circulation, meaning that about 363 million coins are locked up in the company’s wallets. $23 million worth of IDEX are currently locked, some as collateral, some for eventual release, the rest for liquidation.
Users of IDEX are enabled to run a lightweight node and stake their tokens if they have a minimum of 10,000 tokens. Upon staking, they can earn a 50% staking reward.
IDEX tokens are distributed as follows:
- 40% – market maker rewards, marketing campaigns, and airdrops.
- 10% – IDEX members
- 25% – team
- 10% – future employee token pool
- 10% – future use
- 5% – business expenses
IDEX Past Price Analysis
On August 6, 2020, IDEX announced raising $2.5m to rebuild a hybrid exchange for algorithmic traders. Following the announcement, IDEX opened the next day for $0.068 and a trading volume of $392,198. The coin then went on a bullish run over the next month and entered the $0.1-mark. A correction happened in September that led to a bearish run for the next few months, and the coin reduced drastically over the next few months. IDEX then closed out the year at $0.034 and a market cap of $20 million.
At the turn of 2021, the market cap was $18.67 million and the coin opened with a trading price of $0.034. 2021 saw an upward trend in the IDEX coin and many crypto assets like bitcoin and ethereum. However, it took a while as the coin did not re-enter the $0.1-mark until March 10, 2021. From then onwards, it was a consistent rise until mid-May. The token declined from then, and just when people thought the coin would crash and liquidate, there was a recovery in July where the coin kept rising till it got its ATH on September 8, 2021, with a trading volume of $1.63 billion and a market cap of $405.09 million. Since then, the coin has been on a steady decline. The coin hovered around the $0.2-$0.3 mark between October and December and closed the year at a trading price of $0.26 and a market cap of $162.48 million.
So far, in 2022, the coin has been trying to recover, but it has been largely unsuccessful and is still a long way off from its ATH. The coin trend is currently bearish, and investors are hoping that things will change by the end of the first quarter of 2022.
IDEX Current Market Status
IDEX has a current price of $0.1571 and a 24-hour trading volume of $52 million, a 67.90% decrease in the trading volume 24 hours ago. IDEX’s price has a market cap of $99 million and is currently ranked #353 per Coinmarketcap. IDEX price has also decreased by 10.77% in the last 24 hours, with a price range of $0.1565 to $0.1705.
IDEX Technical Analysis
The IDEX price daily chart currently indicates a bearish pattern. Still, a recovery is expected to the made soon because, according to previous price data of the IDEX stock, the bearish trend does not usually continue for long. Although since its last ATH, the decline in IDEX has been consistent, going below its support lines many times without a reversal. The coin is currently trading between its least resistant line ($0173) and its highest support level ($0.147).
Suppose the price trend of IDEX is to be followed. In that case, the coin could make a comeback at its next support level to test its immediate resistance at $0.1733. The token will probably break past other psychological resistance lines above its ATH ($0.9745). One of the support lines could potentially be a buy-in point.
There is, however, a possibility of IDEX dipping below its next support level. If this happens, investors will have no choice but to wait for the next upward trend of the token.
According to IDEX’s Relative Strength Index (RSI), the token is slightly undervalued with a value of 43.17; this indicates that an uptrend is expected soon. Investors must note that patience is vital when it comes to investing, and as such, they should refrain from making spontaneous decisions as trends can reverse in a matter of seconds.
IDEX development 2022 and beyond
IDEX has been in constant development since its inception, and it is not about to stop now. Developers of the network constantly update their customers on a recent update every two weeks. They recently released their roadmap for the year 2022. The roadmap highlighted the release of IDEX v3 hybrid liquidity launch, improved charts and order entry, and fast deposits. They also outlined intended projects for 2022; they are highlighted below.
- Referral Program
- Hosted Staking
- Farms v2
- Sponsored trading rewards
- PnL trading competitions
- IDEX futures
Some of those projects are expected to start in the first quarter of 2022, and some will take place in the second quarter, and projects like IDEX futures do not have a release date yet. Note that said dates and order of these projects are subject to change.
IDEX Price Prediction 2022
IDEX in 2022 is expected to experience a steady increase throughout the year. We expect the coin to reach the $0.3 mark by mid-2022. At the end of the year, we expect IDEX to trade at an average price of $0.249, a maximum value of $0.311, and a minimum price value of $0.211. If expected developments are actualized, IDEX might go above these expectations.
| Month | Minimum Price($) | Average Price($) | Maximum Price($) |
| Feb-22 | |||
| Mar-22 | 0.200 | 0.235 | 0.295 |
| Apr-22 | 0.201 | 0.237 | 0.297 |
| May-22 | 0.202 | 0.239 | 0.298 |
| Jun-22 | 0.204 | 0.240 | 0.300 |
| Jul-22 | 0.205 | 0.242 | 0.302 |
| Aug-22 | 0.207 | 0.243 | 0.303 |
| Sep-22 | 0.208 | 0.245 | 0.306 |
| Oct-22 | 0.209 | 0.246 | 0.307 |
| Nov-22 | 0.211 | 0.247 | 0.309 |
| Dec-22 | 0.211 | 0.249 | 0.311 |
IDEX Price Prediction 2023
We expect IDEX to start trading at a minimum price of $0.212 in 2023 and close the month with a maximum of $0.312. A consistent increase in IDEX price is expected all through the year. We also predict that the highest price of IDEX by December 2023 will be $0.328, with the minimum and average price forecast to be $0.223 and $0.263, respectively.
| Month | Minimum Price($) | Average Price($) | Maximum Price($) |
| Jan-23 | 0.212 | 0.250 | 0.312 |
| Feb-23 | 0.214 | 0.251 | 0.314 |
| Mar-23 | 0.215 | 0.252 | 0.315 |
| Apr-23 | 0.216 | 0.254 | 0.317 |
| May-23 | 0.217 | 0.255 | 0.319 |
| Jun-23 | 0.218 | 0.256 | 0.320 |
| Jul-23 | 0.219 | 0.257 | 0.320 |
| Aug-23 | 0.220 | 0.258 | 0.322 |
| Sep-23 | 0.221 | 0.260 | 0.324 |
| Oct-23 | 0.222 | 0.261 | 0.326 |
| Nov-23 | 0.222 | 0.262 | 0.327 |
| Dec-23 | 0.223 | 0.263 | 0.328 |
IDEX Price Prediction 2024
2024 promises to be a good year for the price behavior of IDEX if investors continue to invest in the token. The coin would likely reach a maximum price of $0.33 by January 2024. The IDEX average price is expected to be consistent throughout the year, and we expect the price of the token to close at an average price of $0.274, a maximum price of $0.343, and a minimum price of 0.233.
| Month | Minimum Price($) | Average Price($) | Maximum Price($) |
| Jan-24 | 0.224 | 0.264 | 0.330 |
| Feb-24 | 0.225 | 0.265 | 0.331 |
| Mar-24 | 0.226 | 0.266 | 0.332 |
| Apr-24 | 0.227 | 0.267 | 0.334 |
| May-24 | 0.228 | 0.268 | 0.335 |
| Jun-24 | 0.228 | 0.269 | 0.336 |
| Jul-24 | 0.229 | 0.270 | 0.337 |
| Aug-24 | 0.230 | 0.271 | 0.338 |
| Sep-24 | 0.231 | 0.272 | 0340 |
| Oct-24 | 0.232 | 0.272 | 0.341 |
| Nov-24 | 0.232 | 0.273 | 0.342 |
| Dec-24 | 0.233 | 0.274 | 0.343 |
IDEX Price Prediction 2025
The consistent price increase is expected to continue into 2025, with the token expected to be trading at a maximum price of $0.344 in January 2025. A forecast minimum price of $0.241 is expected by December 2025, with the average and maximum price forecast to be $0.284 and $0.355, respectively.
| Month | Minimum Price($) | Average Price($) | Maximum Price($) |
| Jan-25 | 0.234 | 0.275 | 0.344 |
| Feb-25 | 0.235 | 0.276 | 0.345 |
| Mar-25 | 0.235 | 0.277 | 0.356 |
| Apr-25 | 0.236 | 0.278 | 0.347 |
| May-25 | 0.237 | 0.278 | 0.348 |
| Jun-25 | 0.237 | 0.279 | 0.349 |
| Jul-25 | 0.238 | 0.280 | 0.350 |
| Aug-25 | 0.239 | 0.281 | 0.351 |
| Sep-25 | 0.239 | 0.281 | 0.352 |
| Oct-25 | 0.240 | 0.282 | 0.353 |
| Nov-25 | 0.240 | 0.283 | 0.354 |
| Dec-25 | 0.241 | 0.284 | 0.355 |
IDEX Price Prediction 2026 and beyond
In 2026, the minimum trade price expected is $0.242, with the maximum price expected to be $0.367. If more awareness and partnerships are made, and more people believe in the coin, the coin price should have even more value by 2030. Our IDEX price forecast for 2030 shows that the coin can get to an all-time high of $6.
| Month | Minimum Price($) | Average Price($) | Maximum Price($) | Month | Minimum Price($) | Average Price($) | Maximum Price($) |
| Jan-26 | 0.242 | 0.286 | 0.357 | Jan-27 | 4.49 | 4.66 | 5.31 |
| Feb-26 | 0.242 | 0.287 | 0358 | Feb-27 | 4.50 | 4.67 | 5.32 |
| Mar-26 | 0.243 | 0.288 | 0359 | Mar-27 | 4.51 | 4.68 | 5.33 |
| Apr-26 | 0.244 | 0.230 | 0360 | Apr-27 | 4.52 | 4.69 | 5.34 |
| May-26 | 0.245 | 0.230 | 0.360 | May-27 | 4.53 | 4.70 | 5.35 |
| Jun-26 | 0.245 | 0.231 | 0.361 | Jun-27 | 4.54 | 4.71 | 5.36 |
| Jul-26 | 0.246 | 0.232 | 0.362 | Jul-27 | 4.55 | 4.72 | 5.37 |
| Aug-26 | 0247 | 0.233 | 0.363 | Aug-27 | 4.56 | 4.73 | 5.38 |
| Sep-26 | 0.248 | 0.233 | 0.364 | Sep-27 | 4.57 | 4.74 | 5.39 |
| Oct-26 | 0.250 | 0.235 | 0.365 | Oct-27 | 4.58 | 4.75 | 5.40 |
| Nov-26 | 0.250 | 0.236 | 0.366 | Nov-27 | 4.59 | 4.76 | 5.41 |
| Dec-26 | 0.251 | 0237 | 0.367 | Dec-27 | 4.60 | 4.77 | 5.42 |
IDEX Price Prediction by Industry Experts
Although the cryptocurrency market is highly volatile and uncertain, hearing things from an expert’s point of view might help inform potential investors better before they invest in any asset. That’s why we bring some experts’ opinions on the expected price of IDEX.
Over the next few days, Wallet Investor predicts that the IDEX future price will rise to $1.06 before dropping to $1.02. The coin is not expected to go lower than $0.952 in the next few days, and they hope that the coin will rise to $1.147 over the next two weeks. Wallet Investor believes that long-term investment in IDEX will be profitable as they expect a 139.39% yield in a one-year investment. They also expect a +644.03% in revenue with a 5-year investment, with the price expected to be 1.183 in 2027.
Digital Coin Price also has a positive outlook on IDEX tokens, and they also view the coin as suitable as a long-term investment. They predict that the average price of IDEX in 2023 will be $0.26 and that the coin will be trading at an average price of $0.45 in 2027. They expect the coin to get to its ATH region in 2031.
A crypto enthusiast, Yasser_Alzahrani, predicts that IDEX can reach an all-time high of $2.37 in 2022 if it can break its current resistance level. The analyst also indicates that IDEX can break the $2.37-mark and go all the way to a possible price of $5.69 if the bullish trend continues.
The highlighted expert analyses show that IDEX will possibly rise in 2022 and beyond. There is no sign of doom anywhere. However, potential investors should understand that this is not a piece of financial advice. They should conduct their research well before venturing into IDEX to reduce the risk of getting a loss.
Final Verdict
Taking a look at the technical analysis and price predictions, interested traders, investors, and analysts know what to expect from the market performances of the coin in the coming years. Although many people are slowly losing interest because of the rise of Uniswap and the likes, I will have you know that the potential of IDEX is many. If you do not even invest now, take note of the market performances for a while. Upcoming investors and traders should note that the constant price fluctuations are normal and, as such, don’t be discouraged from investing or trading with the coin.
There is no good thing that doesn’t face problems; with that in mind, expect that IDEX prices will face problems down the line; if they overcome, the coin will probably be a force to be reckoned with in the coming years.
Will IDEX reach $1?
IDEX has every tendency to reach $1, but our forecasts show that it might not get the $1-mark until 2030. Price Predictions, however, expect IDEX price to reach $1 by 2026. However, it is essential to do your own diligent research before you venture into any cryptocurrency.
FAQs about Idex
How to buy an IDEX coin?
To buy an IDEX coin, you have to first go through the list of markets where IDEX is listed, then set up an account. Complete KYC where necessary, and you are good to go.
Note that to buy IDEX in most markets, you have to purchase either BTC, ETH, or USDT first then convert to IDEX.
Where to buy/sell IDEX coins?
You can buy/sell IDEX on Binance, Huobi Global, Mandala Exchange HitBTC, and Gate.io. You can check for more listed places on coinmarketcap.
Is IDEX a good investment?
Digital Coin Price calls the coin a profitable investment, but the profit will likely be long-term. You should invest with the long-term in mind if you plan to invest.
Will IDEX break its ATH?
The current ATH of IDEX is $0.9745, and while we expect IDEX to pass its ATH, we don’t expect it to be anytime soon. Our forecasts show that the coin will give its ATH in 2030.
Will IDEX reach $5?
According to Price Predictions, IDEX’s price will reach $5 in 2030.
What will be the IDEX price in 2025?
Digital coins forecast that IDEX will be trading at an average price of $0.41 in 2025.
What will be the IDEX price in 2030?
As per Digital coin price prediction, IDEX price will likely be trading at an average price of $0.92 in 2030.
Source: https://www.cryptopolitan.com/idex-price-prediction/