$0.364
$-0.01 2.23%
$0.359 / $0.372
$0 0%
$363.71B
$2,994
0 SHEN
1.00T SHEN
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2.23%
12.67%
0.72%
12.59%
5.64%
42.77%
Compare live prices of Shen on top exchanges.
| # | Exchange | Pair | Price | Volume (24h) | Trust Score |
|---|---|---|---|---|---|
 Minswap | 8DB269C.../ADA | $0.362 | $2,982 | N/A | |
 WingRiders | 8DB269C.../ADA | $0.365 | $3,159 | N/A | |
| WingRiders | 8DB269C.../ADA | $0.371 | $329 | N/A | |
| Minswap | 8DB269C.../ADA | $0.371 | $176 | N/A |
The world of cryptocurrencies is dynamic, and staying informed about your favorite digital assets is crucial. In this detailed market overview, we delve into the intricacies of Shen, providing you with key insights into its current standing and recent performance.
The current market price of Shen stands at $0.364. Over the last 24 hours, this digital asset has seen a negative change of 2.23%, bringing the price to a decrease.
The 24-hour trading volume for Shen has been notable, reaching $2,994. This significant trading activity indicates the active engagement of market participants in buying and selling Shen.
Currently ranked at (Not Available) in the cryptocurrency market, Shen boasts a market capitalization of $0.
Explore the price range of Shen in the last 24 hours, from a low of $0.359 to a high of $0.372. This volatility presents opportunities for traders and investors alike.
The total available supply of Shen is 0 SHEN with a maximum supply of 1.00T SHEN.
## What are Reserve Coins?In simple terms, Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio.Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below.## What is Shen (SHEN)?Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity.During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately.By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.
Cardano EcosystemAs of 2024-10-06 11:19:17, the current price of Shen is $0.364.
As of 2024-10-06 11:19:17, the price change in the last 24 hours for Shen is $-0.01, with a percentage change of 2.23%.
As of 2024-10-06 11:19:17, the 24-hour low and high for Shen are $0.359 and $0.372, respectively.
As of 2024-10-06 11:19:17, the market cap of Shen is $0.
As of 2024-10-06 11:19:17, the fully diluted market cap of Shen is $363.71B
As of 2024-10-06 11:19:17, the trading volume (24H) for Shen is $2,994.
As of 2024-10-06 11:19:17, the circulating supply of Shen is 0 SHEN.
As of 2024-10-06 11:19:17, the max supply of Shen is 1.00T SHEN
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