Introduction
DUKO is a cryptocurrency token operating on the Solana blockchain, launched in February 2024. As a meme token, it has garnered attention within the crypto community for its potential and volatility. This guide provides a detailed overview of DUKO's current market status, historical performance, and essential metrics to help you understand its position in the digital asset landscape.
Current DUKO Price and Market Performance
The live price of DUKO stands at approximately $0.000229, reflecting a 24-hour increase of about 2.66%. Over the past week, the token has shown relative stability, trading near consistent levels despite minor fluctuations.
In the last 24 hours, trading volume reached over 511 million DUKO coins, equivalent to roughly $117,121. This activity indicates ongoing interest, though it falls below the average volume for other cryptocurrencies launched in 2024.
Key Price Statistics
- 24-Hour Range: $0.000191 - $0.000233
- 52-Week Range: $0.000203 - $0.00335
- All-Time High: $0.00631 (recorded on March 25, 2024)
- Recent Performance: The token is up nearly 20% from its recent low but remains significantly below its peak value.
Market Capitalization and Supply
DUKO currently holds a market capitalization of around $2.2 million, ranking it #1311 among cryptocurrencies. This valuation is based on a circulating supply of 10 billion coins. The fully diluted market cap, calculated using the total supply, is approximately $2.3 million.
Compared to other meme tokens, DUKO ranks #197 by market cap, highlighting its niche yet competitive position.
Technical Analysis and Indicators
Technical indicators provide mixed signals for DUKO, reflecting the token's volatile nature:
- RSI (14): 49.19 (neutral)
- Average Directional Index (14): 54.88 (sell signal)
- Ultimate Oscillator: 54.88 (neutral)
- Moving Averages: Most exponential moving averages (EMAs) indicate sell signals across longer timeframes, while shorter EMAs show slight buy signals.
These indicators suggest that DUKO is in a consolidation phase, with potential for movement in either direction depending on market conditions.
Historical Returns and Volatility
DUKO has experienced significant volatility since its launch:
- 3-Month ROI: -2.12%
- 6-Month ROI: -65.95%
- 12-Month ROI: -89.66%
- Volatility: Ranges from 65.47% (3-month) to 197.90% (12-month)
- Max Drawdown: -97.39%
These metrics underscore the high-risk, high-reward nature of investing in emerging meme tokens.
Trading and Exchange Information
DUKO is listed on six cryptocurrency exchanges, where it is traded under the symbol DUKO. The token's trading pairs primarily involve USD and other major cryptocurrencies, providing accessibility for interested traders.
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Frequently Asked Questions
What is the current price of DUKO?
The current price of DUKO is approximately $0.000229 per token. It has increased by about 2.66% in the last 24 hours, showing modest short-term growth amid general stability over the past week.
What was the highest price ever recorded for DUKO?
DUKO reached its all-time high of $0.00631 on March 25, 2024. Since then, the token has experienced a significant decline but has shown occasional rebounds from lower support levels.
How does DUKO's market cap compare to other cryptocurrencies?
With a market cap of around $2.2 million, DUKO is ranked #1311 globally. Among meme tokens, it holds the #197 position, indicating a smaller yet notable presence in this competitive category.
What is the trading volume for DUKO?
Recent 24-hour trading volume for DUKO is approximately $117,121. This is below the average volume for other cryptocurrencies launched in 2024, which often see volumes around $1 million or more.
When was DUKO launched?
DUKO was launched on February 13, 2024, on the Solana blockchain. It is one of the newer entrants in the meme token space, leveraging Solana's high-speed and low-cost transactions.
Is DUKO a good investment?
Investment in DUKO carries significant risk due to its high volatility and substantial price declines from previous highs. Potential investors should conduct thorough research, consider market trends, and assess their risk tolerance before engaging. 👉 Learn more about strategic investment approaches to navigate such volatile assets.
Conclusion
DUKO represents a typical example of the high-risk, high-potential meme token sector within the cryptocurrency market. While its current price and market cap are modest, its presence on multiple exchanges and periodic volume spikes indicate lingering investor interest. However, the token's substantial volatility and significant drawdown from all-time highs highlight the importance of cautious and informed decision-making.
As with any cryptocurrency investment, staying updated with real-time data and market trends is crucial. Always prioritize comprehensive research and consider leveraging advanced tools to enhance your trading strategy.