The Multichain token (MULTI) has seen a significant rise, with its price currently sitting at $3.18, which represents a staggering 107.4% increase. This article explores the reasons behind this significant price increase and the possible future trading path for the token.
Market overview
MULTI tokens are actively traded on centralized cryptocurrency exchanges. The most popular platform for buying and trading Multichain is TokoCrypto, with a trading volume of $744,305 in the last 24 hours for the most active trading pair MULTI/USDT. Other noteworthy options include MEXC and XT.COM, offering various ways for investors to engage with the digital token.
Multichain Code: Key Metrics
Here are some basic metrics for Multichain (MULTI):
- Daily trading volume reached $113,245,297 over the past 24 hours, a significant increase of 7,265.30% from the previous day.
- The highest recorded price of MULTI was $33.64 on Jan 14, 2022 and the lowest low was $1.01 on Sep 03, 2023.
- The current price of $3.18 is 90.36% lower than the all-time high and 220.51% higher than the all-time low.
- The market cap is $61,526,148, with a fully diluted valuation (FDV) of $317,746,310, based on the total potential circulation of 100 million MULTI tokens.
Performance comparison and final overview
- Over the past seven days, Multichain (MULTI) has outperformed the global cryptocurrency market, registering a 92.60% increase, while the overall market fell by -10.40%.
- Compared to other Polygon Ecosystem cryptocurrencies, MULTI has a gain of 0.00%.
As Multichain (MULTI) continues to rise, traders are advised to keep a close eye on ongoing developments. The recent price rise and positive metrics indicate that this digital token may maintain a significant presence in the market. Given the stability indicators, the token's value could maintain its current high status in the near future. Investors are encouraged to remain alert to any new trends or shifts in market dynamics.
