Shen Price Today

#

$0.8911

1.47%24h
+ 0.01291$
$0.8548 $0.8912
24h Change Range

Market Cap

$-+
0.00%

Volume (24h)

$6.6K+

F.D Valuation

891.1B+

Circulating Supply

-+

Total Supply (Est.)

1.0T+

Max. Supply

1.0T
Shen Information

Official Website

djed.xyz
Shen Website

Contract Address

Block Explorers

Main Chain

Platforms

Categories

Shen Historical Market

24 Price Range

-

All-Time High

$1.630 45.25%
12/3/2024 6:48 AM

All-Time Low

$0.2255 295.19%
Oct 19 2023

Shen Chart

Shen Live Market Details and Information

## What are Reserve Coins? In simple terms, Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio. Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below. ## What is Shen (SHEN)? Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity. During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately. By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.

FAQs About Shen

The current price of 1 Shen in USD is $0.8911. This price is currently -45.25% than its all-time high (ATH) of $1.630, and 295.19% than its all-time low (ATL) of $0.2255.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions, investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Shen’s price.

The market capitalization of Shen is $0.00E+000 as of today.
Shen is currently ranked # in the market, and this market cap is calculated by multiplying the current price of Shen with the circulating supply.
The circulating supply of Shen is 0, meaning there are 0 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Shen in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Shen’s official platforms.

The trading volume of Shen today is $6,598.01. This represents the total value of Shen transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token. As of now, Shen is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.

The trading volume metric, which plays a vital role in market assessment, reveals the extent of Shen's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.

Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Shen to make well-informed trading decisions.

The all-time high (ATH) price of Shen is $1.630. This ATH was reached on 03 Dec 2024, marking the highest value ever for Shen in the market. Currently, Shen is lower than its ATH by -45.25%, reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Shen, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.

The all-time low (ATL) price of Shen is $0.2255. This ATL was reached on 19 Oct 2023, marking the lowest value ever for Shen. Currently, Shen is higher than its ATL by 295.19%, reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Shen, offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.

To buy Shen, you can follow these steps:
1. Choose a Cryptocurrency Exchange: Shen is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Shen against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Shen.
4. Place an Order: After funding your account, navigate to the Shen trading pair (e.g., Shen/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Shen in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Shen.

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