Shen Price SHEN
$0.364
+5.57%
24H Low $0.3448
$0.3665 24H High
About Shen (SHEN)
## 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.
24H Volume$17.20K
All-Time High(ATH)$0.9895
All-Time Low(ATL)$0.2255
Market Cap--
Fully Diluted Valuation$364.07B
Market Cap/FDV--
Circulating Supply-- SHEN
Total Supply1.00T SHEN
Max Supply1.00T SHEN
Market SentimentPositive
* Data from 3rd parties
Shen (SHEN) Price Trends
Time period | Change amount | % Change |
---|---|---|
1H | -$0.001939 | -0.53% |
24H | $0.0192 | +5.57% |
7D | $0.0007992 | +0.22% |
30D | $0.009329 | +2.63% |
1Y | $0.1135 | +45.34% |
Credibility Indicators
44.04
Reliability Score
Rank #1
#9212
Percentile
BTM 30%
Live Shen (SHEN) Price Update
Shen price today is $0.364 with a 24-hour trading volume of $17.20K, and as such Shen has a market cap of --, giving it a market dominance of 13.39%. The Shen price moved +5.57% in the last 24 hours.
Shen reached its highest price on 2024-03-14 when it was trading at its all-time high of $0.9895, while its lowest price was recorded on 2023-10-19 when it was trading at its all-time low of $0.2255. The current lowest price since the last cycle high was $0.2255, and the highest price since the last cycle low was $0.9895. The social sentiment of Shen is currently Neutral.
FAQs: Shen (SHEN) Price
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Shen Tokenomics
Shen Data Analysis
Fund Flow Percentage
Net Main Inflow
--
Net Retail Inflow
--
Market Sentiment
--
Sell
No record |
Fund Flow Analysis
Small Orders
Net Inflow ($)
--
Inflow ($)-
Outflow ($)-
Medium Orders
Net Inflow ($)
--
Inflow ($)-
Outflow ($)-
Large Orders
Net Inflow ($)
--
Inflow ($)-
Outflow ($)-
Funds Flow Record
Transfer Time | Inflow ($) | Outflow ($) | Net Inflow ($) |
---|---|---|---|
No record |
Holding Distribution
Top 5 Address | Total |
---|---|
Others | 100.00% |
Shen (SHEN) Announcements
MoreDate | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-09-19 | -- | 1.49K SHEN | $0.3511 | N/A |
2024-09-18 | -- | 10.28K SHEN | $0.3429 | $0.3511 |
2024-09-17 | -- | 16.32K SHEN | $0.3387 | $0.3429 |
2024-09-16 | -- | 1.99K SHEN | $0.3401 | $0.3387 |
2024-09-15 | -- | 36.75K SHEN | $0.3614 | $0.3401 |
2024-09-14 | -- | 86.86K SHEN | $0.3692 | $0.3614 |
2024-09-13 | -- | 23.56K SHEN | $0.3631 | $0.3692 |