Introduction
Oxygen (OXY) is a cryptocurrency token operating on the Solana blockchain, launched in November 2020. It functions within the decentralized finance (DeFi) ecosystem, particularly in yield farming and lending protocols. This guide provides a comprehensive overview of OXY's market performance, technical analysis, and key metrics.
Understanding its price dynamics and market position can help investors make informed decisions. The following sections break down essential data, trends, and frequently asked questions about Oxygen.
Current Oxygen Price and Performance
As of the latest data, Oxygen is trading at approximately $0.00275. The price increased by 0.73% in the last 24 hours. The trading volume over the same period reached $280,171, with over 101 million OXY coins exchanged.
The 24-hour price range fluctuated between $0.00272 and $0.00277. Over the past week, Oxygen demonstrated significant growth, surging by over 85%. However, it remains substantially below its all-time high, reflecting the volatile nature of smaller market cap cryptocurrencies.
Market Capitalization and Supply Metrics
Oxygen currently holds a market capitalization of around $112,000, ranking it #2211 among cryptocurrencies. This calculation uses the circulating supply of 41 million OXY coins.
The fully diluted market cap, which considers the total supply, is significantly higher at approximately $27.5 million. The token's circulating supply plays a crucial role in its valuation and liquidity.
Technical Analysis and Indicators
Technical indicators provide insights into potential future price movements. Key metrics for Oxygen include:
- Relative Strength Index (RSI): 85.43, indicating a potential overbought condition.
- Moving Averages: Short-term averages (e.g., SMA 10, EMA 10) suggest buy signals, while longer-term averages (SMA 200, EMA 200) indicate sell signals.
- Volatility: Oxygen exhibits high volatility, with a 12-month measurement of 122.97%.
These indicators suggest a mixed outlook, with short-term momentum conflicting with longer-term trends. Always combine technical analysis with fundamental research.
Historical Performance and Returns
Oxygen reached its all-time high of $0.0275 on June 27, 2023. Since then, the price has experienced a significant drawdown. The 52-week range shows a low of $0.00141 and a high of $0.0313.
Return on investment (ROI) metrics highlight the token's performance challenges:
- ROI for the past 12 months: -68.68%
- ROI for the past 6 months: -30.93%
These figures underscore the importance of understanding risk tolerance when considering investments in volatile assets. 👉 Explore more strategies for analyzing crypto assets
Trading and Exchange Information
Oxygen is listed on three cryptocurrency exchanges. The primary trading pair is OXY/USD, but it may also be traded against other cryptocurrencies like BTC and ETH.
Exchange volume data helps gauge liquidity and market interest. Depth charts for some markets show available buy and sell orders within +/- 2% of the current price, which is useful for traders assessing entry and exit points.
Frequently Asked Questions
What is the current price of Oxygen (OXY)?
The live price of OXY is $0.00275. It has increased by 0.73% in the last 24 hours and has shown substantial growth of over 85% in the past week, indicating recent positive momentum.
What was the highest price ever recorded for Oxygen?
Oxygen reached its all-time high of $0.0275 on June 27, 2023. The current price is significantly lower, reflecting the volatile cycles common in the cryptocurrency market.
What is the market cap ranking of Oxygen?
Oxygen is currently ranked #2211 by market capitalization, with a value of approximately $112,000. This ranking is based on its circulating supply and places it among smaller-cap digital assets.
How volatile is Oxygen as an investment?
Oxygen has demonstrated high volatility, with a 12-month volatility measurement of 122.97%. This means its price can experience significant swings, representing both potential opportunity and risk.
On which blockchain is Oxygen built?
Oxygen is a token built on the Solana blockchain, known for its high speed and low transaction costs. It was launched in late 2020 to operate within Solana's DeFi ecosystem.
Where can I track Oxygen's price and analysis?
Price tracking websites provide real-time data, charts, and technical indicators for Oxygen. 👉 View real-time tools for market analysis to stay updated on its performance and market trends.
Conclusion
Oxygen (OXY) presents a case study in the high-risk, high-volatility segment of the cryptocurrency market. While it has seen significant weekly gains, its long-term ROI remains negative, and it trades far below its previous peak. Its performance on the Solana blockchain ties its prospects to the broader health and adoption of that ecosystem.
Investors should conduct thorough due diligence, considering both technical indicators and fundamental project developments. Understanding market cap, supply metrics, and historical context is crucial for navigating assets like Oxygen.