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IDEX Price Prediction 2022-2030: How High Will IDEX Rise?

IDEX

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.

Today’s live IDEX price is $0.145514 USD with a 24-hour trading volume of $17,128,434. IDEX is up 5.59% in the last 24 hours. The current CoinMarketCap ranking is #393, with a live market cap of $94,565,427 USD. It has a circulating supply of 649,869,509 IDEX coins.

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

Past Price Analysis of IDEX

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 2022-2030: 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 Current Market Status

With $11,698,793 in trading activity in the last 24 hours, IDEX is trading at $0.144747 per token. Since yesterday, the IDEX price has gained 1.4%. One billion total IDEX coins are in circulation, and 650 million are currently in circulation. Binance is the most active exchange for IDEX trades right now.

IDEX Price Prediction 2022-2030: How High Will IDEX Rise? 2

Source: CoinGecko

IDEX Historical Price Charts

IDEX’s current price is $0.15, and it is now rated #438 by CoinGecko in the whole crypto ecosystem, according to the most recent statistics. IDEX has a market cap of $94,245,704 and a circulating supply of 649,869,509 shares.

The IDEX’s price has risen 1.28 percent in the previous 24 hours due to an increase in trading volume and market capitalization.

For IDEX to be accepted by other cryptocurrencies, it is having difficulty. It has fallen over 19 percent in the previous week. Risky framing parts have been in place for many days, and although the currency has excellent fundamentals, it doesn’t seem to be a lucrative asset in the near run.

IDEX Price Prediction 2022-2030: How High Will IDEX Rise? 3

Source: CoinGecko

This month, the price of IDEX fell by -54.481 percent, resulting in an average loss of $0.17 from the current value of this cryptocurrency. Right now, the cryptocurrency is in a downturn, making it an excellent option for anyone looking to make rapid investments.

The price fluctuated between a low of $0.26 and a high of $0.32 in the previous 90 days, with a 90-day price variation of around 48.95 percent.

IDEX has fallen by 45.21 percent in the previous four months, with the coin’s average price fluctuating between $0.26 and $0.24.

IDEX Technical Analysis

A bullish breakout of the falling wedge pattern has been verified, and the next resistance is around 0.16290 or the 50-period EMA (EMA50).

IDEX Classic Falling Wedge Pattern

Source: TradingView

IDEXUSDT might soar once this level is breached. If this move turns out to be powerful, it’s simple to see around 80% on this chart setup and up to about 180%+ if it does. There is still time, though, since there is no confirmation of the volume.

IDEX Price Prediction 2022 – 2030

Most experts expect a promising future for IDEX: long-term IDEX price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $0.1567, while WalletInvestor goes for $0.34743.

With the use of artificial intelligence-assisted technical analysis of IDEX’s historical price data, Cryptopolitan makes mathematical estimates of future IDEX price predictions/IDEX forecasts. Aside from the IDEX price, market cap, and volume, Cryptopolitan also uses as much historical data on IDEX as possible.

IDEX Price Prediction 2022-2030: How High Will IDEX Rise? 4
IDEX Price Prediction 2022-2030: How High Will IDEX Rise? 5

IDEX Price Prediction 2022

 In 2022, the price of IDEX is expected to drop to a minimum of $0.20 based on our in-depth technical analysis of previous price data for IDEX. The IDEX price may go as high as $0.22, although it usually trades at about $0.21.

 IDEX Price Prediction 2023

 In 2023, the price of IDEX is expected to drop as low as $0.29. By 2023, the IDEX price might rise to $0.34, with a mean price of $0.30.

 IDEX Price Prediction 2024

 To put it another way, in 2024, IDEX’s price is anticipated to fall to a minimum of $0.45. With an average price of $0.46, the IDEX price may go as high as $0.53.

 IDEX Price Prediction 2025

A minimum price of $0.68 is predicted for 1 IDEX in 2025. In 2025, the IDEX price may go as high as $0.79, with an average price of $0.69.

 IDEX Price Prediction 2026

 In 2026, the IDEX price is predicted to fall to a low of $0.98. With an average prediction price of $1.01, we estimate that the IDEX price might rise to a high of $1.18.

 IDEX Price Prediction 2027

In 2027, the price of IDEX is expected to be around a minimum value of $1.47, according to our in-depth technical analysis of previous price data for IDEX. With an average trading value of $1.51 in USD, the IDEX price is capable of reaching a maximum value of $1.66.

 IDEX Price Prediction 2028

 In 2028, the price of IDEX is expected to fall to a minimum of $2.16, according to the forecast. IDEX prices may rise to $2.57 by 2028 with an average trading price of $2.24.

 IDEX Price Prediction 2029

 The price of IDEX is anticipated to fall to a minimum of $3.17 in 2029, according to the projection and technical analysis. At its highest, the IDEX price may go up to $3.78, while its average price is $3.28.

IDEX Price Prediction 2030

IDEX’s price is expected to drop to $4.73 by the year 2030. With an average trading price of $4.86 until 2030, the IDEX price may reach a maximum value of $5.48.

Recap

For IDEX, this is our most recent forecast. According to the current trend, IDEX will close the year strongly. 

IDEX is considered overvalued based on its PB Ratio (5.3x) compared to the US Machinery industry average (2.4x).

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. 

But even if many people are losing interest due to other exchanges. However, there is a lot of potential for IDEX out there. For the time being, even if you do not plan to invest, keep an eye on how the market is doing. Beginners in the cryptocurrency market should keep in mind that price variations are to be expected, 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 you invest.

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.

Minimum price value of IDEX in 2022

In 2022, the price of IDEX is expected to drop to a minimum of $0.20 based on our in-depth technical analysis of previous price data for IDEX

What’s the average price of IDEX in 2030

IDEX is expected to have an average trading price of $4.86. 

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. 

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.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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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