FIDA Price Analysis November 2022

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FIDA is a token of the platform BONFIDA. Its current price is around $0.7586 at the time of writing, with a low of $0.1976, and it has a market cap of 33 million dollars.

What is Bonfida (FIDA)?

FIDA is the coin of the BONFIDA platform, which is around $0.7586 at the time of writing, with a low of $0.1976. It reached a high of $9.39, and its current ranking is #389, according to CoinMarketCap, with a market cap of 33 million dollars.

 Bonfida is a suite of products that provides a user-friendly interface for the Serum and Solana networks. The Serum network is a DEX built on the Solana protocol that offers cross-chain support.

Bonfida is an ecosystem of products and solutions for the Solana blockchain. This ecosystem is the home of the Solana Name Service, and it uses its exclusive FIDA token as its currency. As one of the first builders on Solana, it still aspires to show what can be done on the strongest-performing blockchain.

FIDA Coin Market Analysis 

FIDA has a total supply of 998,729,964 coins worth around $0.7586 with a market volume of 366 million dollars, whereas the market capitalization is 33 million dollars at writing. Therefore, FIDA might not be your best bet if you want to gain profit. A lot will depend on how well FIDA recovers from the market crash and how the market behaves going forward.

FIDA Crypto Price Prediction

It is a suitable investment depending on your risk tolerance and how much you intend to invest, among other factors. In the 1D timeframe, the price action of $FIDA/USDT is trying to break its resistance zone. On the other hand, the price may fall from here. Therefore, we have to wait for further price action.

For any time, on-demand analysis on $FIDA or any other coin can join our Telegram Channel

Fida Price Analysis
FIDA Price Analysis

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

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