Vested XOR Price Surges to New Heights in Crypto Market
October 25, 2024—Vested XOR (VXOR) has captivated the crypto world, reaching a near-record market price of $3,519.11, only 4.68% below its all-time high of $3,784.98, recorded just hours ago. This increase follows a recent seven-day price surge, up a staggering 3.55 quadrillion percent, significantly outperforming the global crypto market, which has risen by 10.20%.
Vested refers to the ownership of an asset, where an individual has a complete right and interest in it. XOR, short for exclusive or, is a logical operation that returns true if only one of the operands is true. Price denotes the amount of money or value assigned to a product or service.
Growing Interest in VXOR Trading
Vested XOR has become a standout in the decentralized finance sector, particularly among yield-farming cryptocurrencies. Investors seeking VXOR can trade primarily on decentralized exchanges, with Polkaswap as the most popular venue. Here, the VXOR/XOR pair shows active engagement, despite a recent daily volume of $138.11—a drop of 88.10% from the prior day, suggesting some cooling of trading interest.
A Record-Breaking Journey
VXOR’s market trajectory has been both dramatic and volatile. Just days ago, VXOR hit an all-time low of $0.0112 before skyrocketing to its current value, reflecting the token’s rapid adoption and demand. As South Korea’s Ministry of Finance prepares to enforce cross-border crypto regulations, VXOR’s rapid ascent highlights investor optimism and suggests a strong position for growth amid tighter regulatory frameworks.
Potential Investment Opportunity
For potential investors, VXOR’s remarkable rise, coupled with the broad market’s 10.20% growth, signals possible long-term value, especially as South Korea’s regulatory landscape evolves to encourage responsible crypto growth. However, the volatility and recent trading volume drop indicate that caution is advisable.
Key Metrics:
- Current Vested XOR Price: $3,519.11
- Daily Trading Volume: $138.11 (-88.10% from previous day)
- All-Time High: $3,784.98 (achieved on Nov 07, 2024)
- All-Time Low: $0.0112 (on Nov 01, 2024)
Also read: cryptocurrency market trends
Conclusion
With its rapid valuation increase and strong yield-farming potential, VXOR’s rise serves as an exciting example in the decentralized finance space. Although regulations could shift the landscape, VXOR’s growth potential makes it a worthwhile consideration for investors watching market dynamics closely.
FAQs
- Where can I trade VXOR?
VXOR is most actively traded on Polkaswap, with the VXOR/XOR pair having the highest volume. - Why has VXOR seen such a significant price increase?
VXOR’s price has surged due to high demand and the growing interest in yield-farming cryptocurrencies, alongside broader market gains. - Are there risks in investing in VXOR?
Yes, as with all cryptocurrencies, VXOR is subject to high volatility and market regulation changes. - What is the trading volume of VXOR?
The last recorded 24-hour volume was $138.11, showing a recent decline of 88.10%. - How does VXOR compare to other yield-farming coins?
VXOR has significantly outperformed other yield-farming assets, which have risen by 18.90% recently.
Disclaimer: Cryptocurrency investments are highly volatile and involve risk. Please consult with a financial advisor before investing.
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