Key Market Data (Live Updates)
- Current Price: $7.13
- 24H High/Low: $7.38 / $6.98
- All-Time High/Low: $11,060.63 / $6.55
- 24H Trading Volume: $1,201,678.03
- Market Cap: $17,819,834.16
- Circulating Supply: 2,431,178.70 ALCX (70.34% of total supply)
Recent Developments
2024 Updates
- Binance Delisting: ALCX/BTC among 5 pairs removed effective August 30, 2024.
- Scam Alert: Fraudulent sites offering "free ALCX" reported—avoid malicious transactions.
2024 Grants Program
- Alchemix allocated $100,000 in ALCX for community-driven projects via Questbook.
Historical Events
- 2023: Binance removed ALCX/BUSD and other pairs.
- 2022: Coinbase Custody added ALCX support.
What Is Alchemix (ALCX)?
Alchemix is a DeFi protocol enabling users to borrow against future yield from deposited stablecoins. Key features:
- Self-Repaying Loans: Collateral generates yield to repay debt over time.
- Synthetic Assets: Mint alUSD (pegged to DAI) for flexible liquidity.
Token Metrics:
- Total Supply: 2.36 million ALCX
- Initial Price: N/A (Fair launch distribution)
Trading Pairs and Exchanges
Top markets for ALCX:
| Exchange | Pair | Price ($) | 24H Volume |
|---|---|---|---|
| Binance | ALCX/USDT | 17.72 | $1.03M |
| Coinbase Pro | ALCX/USD | 17.68 | $170K |
👉 Explore ALCX trading opportunities
FAQs
1. Is ALCX a good investment?
While Alchemix offers innovative DeFi solutions, crypto investments carry volatility. Research protocol updates and market trends.
2. How does Alchemix ensure loan repayment?
Deposited collateral generates yield (e.g., via Yearn Finance), automatically covering debt.
3. Where can I store ALCX securely?
Use hardware wallets like Ledger or trusted DeFi wallets (MetaMask with verified contracts).
4. Why did Binance delist ALCX pairs?
Exchanges periodically review liquidity and compliance; users can trade remaining pairs.
5. What’s next for Alchemix?
The Grants Program aims to expand ecosystem projects, boosting ALCX utility.
Conclusion
ALCX combines DeFi innovation with yield automation, though market shifts require cautious engagement. For real-time tracking, monitor metrics like circulating supply and partnership news.
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Disclaimer: This analysis is informational only. Cryptocurrency investments involve risk.