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IDEX Price Prediction 2023-2030: How High Will IDEX Rise?

IDEX

IDEX Price Prediction 2023-2031

The pace by which the crypto world grows is largely unpredictable, and several projects are looking better by offering investors more returns on their investments. One such project is IDEX which provides a lot of earning potential and allows traders to make easier and faster transactions. Let’s take a look at IDEX Price Prediction and what’s on the table for investors.

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.

  • A decentralized perpetual swaps exchange built on a framework of hybrid on-chain/off-chain infrastructure.
  • Off-chain is the high-performance trading engine, which allows IDEX to match the performance and UX of centralized exchanges.
  • On-chain is custody and settlement, giving traders the security of self-custody along with verifiable on-chain transaction data.

The network sets the stage for IDEX v4 to be the best of both worlds; the performance of a CEX with the security of a DEX.

Today’s IDEX price is $0.050463 with a 24-hour trading volume of $6,488,169. IDEX is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #421, with a live market cap of $34,005,059. It has a circulating supply of 673,858,614 IDEX coins and the max. supply is not available.

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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 claims to be the first hybrid liquidity DEX that combines an order book model with an automated market maker. It blends the performance and features of a traditional order book model with the security and liquidity of an AMM. Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with an on-chain trade settlement. Users benefit from that in several ways.

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, when 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 by Binance, Bittrex, etc.; this made it the top choice for ETH-based decentralized exchanges in 2019.

However, some claim IDEX is not as relevant as 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

A premier crypto-to-crypto trading platform that helps in peer-to-peer trading benefits, the IDEX Exchange platform uses smart contracts to update transactions on Ethereum, allowing account owners to update their balance online and securely. IDEX Exchange is available in the majority of countries in the world

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.

IDEX functions as an order book exchange while the project combines elements of centralized and decentralized exchanges to facilitate greater speeds for executing transactions on the ledger.

Trading on IDEX is the same as completing and closing a transactional sale. 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.

The IDEX platform currently runs on Ethereum and Binance Smart Chain, and IDEX holders can stake tokens to earn rewards.

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 again 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 up 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, a 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 can 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, 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 challenging 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

Price History of IDEX

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Source: Medium

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.

IDEX Price Prediction 2023-2030: How High Will IDEX Rise? 1

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 Technical Analysis

IDEX Price Prediction 2023-2030: How High Will IDEX Rise? 2

IDEX price analysis for December 2, 2022, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the IDEX market. The price of IDEX has remained bullish over the past few hours. On December 1, 2022, the price reached from $0.0506 to $0.0520. However, the market decreased in value soon after and lost more value. Moreover, IDEX price today has decreased and reached $0.0500, just moving onto the $0.0510 mark, showing good market capitalization.

IDEX price analysis reveals the market’s volatility following a closing movement. This means that the price of IDEX is becoming less prone to the movement towards either extreme, showing decreasing dynamics. The Bollinger’s band’s upper limit is $0.0502, which is the strongest resistance point for IDEX. Conversely, the lower limit of Bollinger’s band is $0.0444, which is the strongest support point for IDEX.

The IDEX/USD price appears to be moving over the price of the Moving Average, signifying a bullish movement. The market’s trend seems to be dominated by bulls. Moreover, the IDEX/USD price appears to be moving upward, illustrating a further increasing market. The market appears to be showing bullish potential.

IDEX price analysis reveals that the Relative Strength Index (RSI) is 51 showing a stable cryptocurrency market. This means that cryptocurrency is in the central-neutral region. Furthermore, the RSI appears to move upward, indicating an increasing market. The dominance of buying activities causes the RSI score to increase.

IDEX price analysis reveals that the cryptocurrency follows a consistent trend with much room for activity on the positive extreme. Moreover, the market’s current condition appears to be following a neutral approach, as it shows the potential to move to either bullish extreme. The market shows much potential for development towards the increasing end of the market.

IDEX Price Predictions by Cryptopolitan

When it announced a 0% fee promotion on its exchange on February 2, it then experienced a slight increase to $0.26. 2022 has been a bad year for IDEX, to say the least; however, the cryptocurrency seeks to improve in the coming year, aiming at new heights and possibly a completely bullish tenure.

IDEX Price Prediction 2023-2030: How High Will IDEX Rise? 3
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IDEX Price Prediction 2023

IDEX is forecasted to attain a maximum value of $0.088 based on our IDEX price forecast for 2024. Investors can expect an average price of $0.076, with its lowest possible price set at $0.074.

IDEX Price Prediction 2024

Our IDEX coin price prediction for 2025 anticipates IDEX to reach a maximum price of $0.13 by the end of the year. A minimum price of $0.11 and an average forecast price of $0.11 are expected. With a higher adoption of blockchain-based applications in the future, IDEX prices could see an enormous increase in value.

IDEX Price Prediction 2025

According to our IDEX price forecasts is anticipated to have an overall bullish market based on our IDEX price prediction 2026, leading to a rise in maximum price to $0.19 and a minimum price of $0.16, respectively. An average market price of $0.16 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.

DEX Price Prediction 2026

IDEX price prediction 2023 by Cryptopolitan expects an overall bullish trend leading to a maximum price of $0.28, indicating a significant gain on the current price. We also anticipate an average and minimum price of $0.23. Their new developments and frequent updates could influence the price levels of the cryptocurrency.

IDEX Price Prediction 2027

According to our IDEX token price prediction for 2027, IDEX investors will record huge profits, as the cryptocurrency could reach a maximum price of $0.39. Throughout the year, IDEX is assumed to maintain an average price of $0.33 and a minimum value of $0.32. Due to reduced fees, transparency, security, as well as faster transactions, IDEX could witness a surge in price.

IDEX Price Prediction 2028

Based on our IDEXCoin IDEX price prediction for 2028, IDEX could trade between a minimum price of $0.46 to a maximum price of $0.55. The expected average price is $0.47. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price. 

IDEX Price Prediction 2029

According to our IDEX price prediction for 2029, the coin will trade at a maximum IDEX price of $0.77, indicating an increase in the current price of up to a significant amount. The digital coin is expected to maintain an average trading price of $0.69 and a minimum price of $0.67 throughout the year.

IDEX Price Prediction 2030

According to our IDEX price prediction for 2030, IDEX is predicted to attain a maximum price of $1.17, showing a significant IDEX price rise. We also anticipate a significant increase in the price support level leading to a minimum price of $0.91 and an average market price of $0.95.

IDEX Price Prediction 2031

IDEX is predicted to maintain an overall bullish trend leading to a peak IDEX price of $1.60 based on our IDEX price prediction for 2031. The price indicates a significant increase in the current market price. An average price of $1.39 and a minimum price of $1.35 is expected. The digital coin has huge potential that could attract many users, influencing these high prices.

IDEX Price Prediction by Digital Coin Price

While DigitalCoinPrice is more circumspect in its long-term forecast, it is still positive in the near term. According to the website, prices will be on average $0.11 in September and $0.12 in December of 2022. According to the website, the annual average will be $0.12 in 2023, $0.13 in 2024, and $0.16 in 2025. Its 2030 IDEX price forecast is $0.38.

IDEX Price Prediction by Wallet Investor

According to WalletInvestor’s IDEX  forecast, the token will be valued at less than $0.008 in a year and is not expected to increase in value, making it a “poor long-term (one-year) investment.”

IDEX Price Prediction by GOV Capital

According to Gov Capital’s IDEX coin price prediction, the token could reach $0.30 in a year and $1.75 in five years.

IDEX Price Prediction by Industry Influencers

Here’s an offer by https://www.reddit.com/user/Lenni_Lenape_/ to people who want to get into IDEX staking:

Why did we choose IDEX? There are a few reasons. For one, IDEX is the second-largest decentralized exchange on the market. Secondly, there have been no scandals on the platform. Finally, and most importantly of all, the returns through IDEX are consistently higher than most other exchanges. Disclaimer: We have no connection to and are not sponsored by IDEX.

Why are we doing this? We want to help regular crypto traders with less technical backgrounds transition into staking while still maintaining control over their assets.

The returns are around 11% monthly (2.8% weekly) and we wanted to gauge interest by polling different crypto communities on Reddit. It requires a minimum of 5000 tokens to be purchased and a monthly fee to maintain the servers we operate.

We ask for a 300.00 startup fee and a payment per month, but we’re super flexible on pricing right now, so we’d love for those of you who are interested in learning more to hit us up so we can determine to price and possibly hash something out.

Conclusion

The IDEX exchange’s staking token helps to support the exchange’s fundamentals and aims to provide users with the best of both centralized and decentralized exchanges. However, given the token’s recent decline, investors appear to be avoiding it.

50% of the trading fees go to those who stake IDEX. The staking token, however, is presently down more than 91% from the record high it attained in September 2021, and the cryptocurrency has been on a downhill roll in 2022 as well; however, it is always your decision to choose whether the cryptocurrency is a good investment or not. You should never invest more money in crypto tokens than you can afford to lose because they can be extremely volatile.

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 like, IDEX has a very strong potential to keep on rising. 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 are overcome, the coin will probably be a force to be reckoned with in the coming years. 

Even if many people are losing interest due to other exchanges, there is a lot of potential for IDEX out there. For the time being, even if you do not plan for investment, keep an eye on how the market is doing. Beginners in the cryptocurrency market should keep in mind that price variations are to be anticipated, so they shouldn’t give up on the idea of becoming involved.

Also, remember that the provided figures are based on the initial pricing analysis. So, do diligent research before making an investment.

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FAQs

How to buy an IDEX Coin?

To buy an IDEX coin, you have to first go through the list of markets where the IDEX price is listed, then set up an account. Complete KYC where necessary, and you are good to go.

Where to buy an IDEX coin?

You can sell/buy IDEX on Binance, Huobi Global, Mandala Exchange HitBTC, and Gate.io. You can check for more listed places on CoinMarketCap.

Will IDEX reach $1?

IDEX has every tendency to reach $1, but most probably in 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 to invest into any cryptocurrency. 

Will IDEX surpass its ATH?

The current ATH of IDEX is $0.9745, and while we expect IDEX price 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.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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