Centrifuge
Market Open
13 Sep, 07:20
$
0. 109000
+0.0012
+1.1132%
$
792,956 Volume
$ 0.1078
Previous Close Want to track CFGUSD and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
CFGUSD Overview
CFGUSD denotes the market price of Centrifuge (CFG) quoted in US dollars, showing how much one CFG token is worth in USD at a given moment. It functions as the reference rate for anyone buying, selling or valuing CFG with fiat exposure.
Centrifuge is a blockchain-based protocol that aims to bring real-world assets into decentralized finance. The CFG token was introduced in 2021 by the Centrifuge project team and serves as the network’s native asset for governance and economic coordination. The token is designed to support staking, voting on protocol parameters and aligning incentives among participants on a decentralized ledger.
The quoted CFGUSD rate is determined by supply and demand dynamics across centralized and decentralized exchanges, order book liquidity, and on-chain activity related to the protocol. Market sentiment, news flow, macroeconomic conditions and broader crypto market trends can all drive short-term price swings, while token issuance and large holder movements affect availability and depth.
CFGUSD is useful for traders and investors who need a USD-denominated view of exposure to the Centrifuge ecosystem, whether for portfolio allocation, hedging or speculative activity. Its price also provides a market signal for governance participants assessing token value relative to project development.
Like many altcoins, CFG can exhibit high volatility and liquidity varies by venue; spreads and market depth should be considered before executing sizable trades.
Centrifuge is a blockchain-based protocol that aims to bring real-world assets into decentralized finance. The CFG token was introduced in 2021 by the Centrifuge project team and serves as the network’s native asset for governance and economic coordination. The token is designed to support staking, voting on protocol parameters and aligning incentives among participants on a decentralized ledger.
The quoted CFGUSD rate is determined by supply and demand dynamics across centralized and decentralized exchanges, order book liquidity, and on-chain activity related to the protocol. Market sentiment, news flow, macroeconomic conditions and broader crypto market trends can all drive short-term price swings, while token issuance and large holder movements affect availability and depth.
CFGUSD is useful for traders and investors who need a USD-denominated view of exposure to the Centrifuge ecosystem, whether for portfolio allocation, hedging or speculative activity. Its price also provides a market signal for governance participants assessing token value relative to project development.
Like many altcoins, CFG can exhibit high volatility and liquidity varies by venue; spreads and market depth should be considered before executing sizable trades.
CFGUSD Chart
Centrifuge CP172 Passes, Plans 1:1 CFG-to-Equity Conversion
Centrifuge's CP172 proposal has passed, with a planned 1:1 conversion of CFG to tokenized equity. Explore its scope and the details still needing verification.
Coincu | 2 days ago
Centrifuge advances historic token-to-equity conversion after CP172 passage
Centrifuge's token-to-equity conversion could redefine crypto governance, offering a new model for integrating traditional finance structures. Centrifuge advances historic token-to-equity conversion after CP172 passage.
Cryptobriefing | 2 days ago
Centrifuge reports only 12% of tokenized assets meet DeFi standards
The limited integration of tokenized assets into DeFi highlights a significant gap, potentially stalling broader adoption and innovation in the sector. Centrifuge reports only 12% of tokenized assets meet DeFi standards.
Cryptobriefing | 1 week ago
CFGUSD FAQ
What is the current Centrifuge price?
The current price is $0.109000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by +0.0012 (+1.1132%), showing how much the asset has moved compared to the previous close.
What is the previous close for Centrifuge?
The previous close was $0.107800, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (+1.1132%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.106800) and highest ($0.112000) prices traded during the selected period, helping assess volatility.
Why is Centrifuge (CFG) moving today?
Price movements in Centrifuge are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.109000) is above the previous close ($0.107800), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Centrifuge?
You can view real-time charts, price updates, and market data for Centrifuge (CFG) directly on this page.
