Fido (FIDO) is a cryptocurrency token operating on the Ethereum blockchain, introduced to the market in November 2023. As a meme-inspired digital asset, it has attracted attention from a niche community of traders and enthusiasts. This guide provides a detailed overview of the FIDO token, covering its market performance, technical characteristics, and essential metrics for potential investors.
Understanding the current market position and historical trends of any cryptocurrency is crucial for making informed decisions. FIDO, like many newer tokens, exhibits specific volatility patterns and trading behaviors that are important to recognize.
Live Price and Performance Metrics
The live price of Fido (FIDO) at the time of writing is approximately $0.0000059 USD, reflecting a slight decrease of 0.50% in the past 24 hours. Price fluctuations are common in the cryptocurrency market, especially for tokens with lower market capitalization and trading volume.
Over different time frames, FIDO has shown varied performance:
- 7-day change: -1.70%
- 1-month change: -8.89%
- 1-year change: -64.47%
When measured against major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), FIDO has generally underperformed, indicating weaker relative strength in the market.
Market Capitalization and Trading Volume
Calculating the exact market capitalization for FIDO presents challenges due to uncertainties around its circulating supply. However, using the total supply metric, the estimated market cap stands at approximately $58.4 thousand.
Trading volume for FIDO remains notably low, with an average daily volume of around $75.96 over the past 30 days. This limited activity can present liquidity challenges for traders looking to enter or exit positions, particularly with orders exceeding approximately $12 at current price levels.
The token currently ranks #1157 among meme tokens by market capitalization, positioning it in the lower tier of this competitive category.
Historical Price Analysis
FIDO reached its all-time high price of $0.000177 on March 6, 2024. Since achieving this peak, the token has experienced a significant decline, with the price dropping by approximately 96.7% from its highest point.
The 52-week trading range for FIDO has been between $0.0000044 and $0.0000369, demonstrating substantial volatility throughout its trading history. From its lowest point after the all-time high, the token has recovered by approximately 33.42%, though it remains far below its peak valuation.
Technical Indicators and Market Sentiment
Current technical analysis presents a predominantly bearish outlook for FIDO:
- Relative Strength Index (RSI 14): 42.58 (Natural)
- Commodity Channel Index (20): -38.97 (Natural)
- Average Directional Index (14): 45.00 (Natural)
Multiple exponential moving averages (EMAs) across different time frames currently indicate "Sell" signals, suggesting continued downward pressure on the price. The analysis was conducted on daily price data, providing a comprehensive view of medium-term trends.
Volatility metrics show significant fluctuation potential:
- 3-month volatility: 40.13%
- 6-month volatility: 57.22%
- 12-month volatility: 94.55%
These high volatility readings indicate that FIDO experiences substantial price swings, creating both risk and potential opportunity for traders.
Trading Availability and Liquidity
FIDO tokens are currently traded exclusively on Uniswap V2, a decentralized exchange (DEX) operating on the Ethereum network. The token can only be purchased using ETH, limiting accessibility for investors who prefer centralized platforms or alternative payment methods.
The absence of listings on major centralized exchanges reduces FIDO's accessibility to the broader cryptocurrency market. While decentralized exchanges have grown in popularity, they typically present steeper learning curves for novice investors and may offer less liquidity than their centralized counterparts.
For those interested in exploring decentralized trading options, you can view real-time trading platforms that support various Ethereum-based tokens.
Token Distribution and Holder Statistics
The distribution of FIDO tokens shows concentration among larger holders:
- Top 10 addresses hold 53.76% of total supply
- Addresses 11-100 hold 31.70%
- Addresses 101-1000 hold 16.17%
This distribution pattern indicates significant concentration among larger holders, which can potentially impact price stability and market dynamics. It's worth noting that some of these top addresses may belong to exchange wallets holding tokens on behalf of multiple users.
Blockchain data reveals that approximately 1,137 unique wallets hold FIDO tokens, with a total of 15,267 recorded token transfers since its launch. The top 100 richest addresses collectively hold 86% of the total supply, valued at approximately $50,000 at current prices.
Investment Performance Metrics
FIDO's investment performance metrics show mixed results across different time horizons:
- 3-month ROI: +3.02%
- 6-month ROI: -64.02%
- 12-month ROI: -63.95%
The maximum drawdown, representing the largest peak-to-trough decline, stands at -98.00%, indicating significant historical volatility and risk. The winning days percentage—representing days with positive price movement—is 45.31%, slightly below the neutral 50% threshold.
Project Development Timeline
The FIDO project followed a typical development pathway for cryptocurrency tokens:
- May 1, 2023: Initial project announcement
- June 12, 2023: Whitepaper release detailing features and roadmap
- August 20, 2023: Token presale commencement
- September 5, 2023: Presale completion
- September 15, 2023: Smart contract audit completion
- November 12, 2023: Official launch on Ethereum platform
This structured approach to development and launch demonstrates a methodical process behind the token's introduction to the market.
Frequently Asked Questions
What is the current price of FIDO token?
The current price of one FIDO token is approximately $0.0000059 USD. The price has decreased by 0.50% in the last 24 hours and has remained relatively stable over the past week, trading within a narrow range around this level.
What was the lowest price ever recorded for FIDO?
The lowest price recorded for FIDO was $0.0000048, reached in April 2025. This represented a significant decline from its all-time high and reflected a period of particularly weak market sentiment toward the token.
What was the highest price FIDO has ever achieved?
FIDO reached its all-time high price of $0.000177 on March 6, 2024. This peak represented the token's maximum valuation since its launch and occurred approximately three months after its introduction to the market.
Where can I trade FIDO tokens?
FIDO tokens are currently available for trading exclusively on Uniswap V2, a decentralized exchange on the Ethereum network. The token pairs only with ETH, meaning users must first acquire Ethereum before exchanging it for FIDO tokens.
What makes FIDO different from other meme tokens?
While sharing characteristics with other meme-inspired cryptocurrencies, FIDO operates on the Ethereum blockchain with a fixed tokenomics model. Its limited exchange availability and specific community focus distinguish it from more widely distributed meme tokens.
How volatile is FIDO compared to other cryptocurrencies?
FIDO exhibits higher volatility than many established cryptocurrencies, with 12-month volatility measured at 94.55%. This elevated risk profile is characteristic of smaller market cap tokens and requires appropriate risk management strategies for investors.
When considering investment in emerging cryptocurrencies, it's valuable to explore more trading strategies that can help navigate volatile market conditions effectively.