Shiden Network
Market Open
29 May, 15:03
$
0. 006900
-0.00015
-2.1277%
$
5,276 Volume
$ 0.00705
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SDNUSD Overview
SDNUSD denotes the market price of one Shiden Network token expressed in US dollars. It reflects how much USD traders are willing to pay to acquire SDN at a given moment and is quoted on spot and derivatives markets.
Shiden Network (SDN) is a blockchain-based smart contract token associated with the Shiden dApp hub, developed by Stake Technologies as the Kusama companion to Astar. Introduced in the early 2020s, the project aims to support multi-virtual-machine smart contracts and decentralized applications. SDN functions as a native token for network fees, staking and participation in on-chain governance; protocol parameters and token utility are defined by the network’s governance mechanisms.
The SDNUSD rate is determined by market forces: order book supply and demand across exchanges, liquidity depth, and trading activity. Broader factors also influence the price, including on-chain metrics such as user and developer activity, macroeconomic conditions, crypto market sentiment, and announcements related to upgrades or partnerships.
For traders and investors, SDNUSD provides a benchmark for valuing exposure to Shiden’s ecosystem. Market participants use the pair for speculation, portfolio allocation, hedging strategies, liquidity provision and to assess network adoption.
Volatility and liquidity can vary between venues; the pair may exhibit higher short-term price swings typical of mid-cap tokens, making risk management essential for active traders.
Shiden Network (SDN) is a blockchain-based smart contract token associated with the Shiden dApp hub, developed by Stake Technologies as the Kusama companion to Astar. Introduced in the early 2020s, the project aims to support multi-virtual-machine smart contracts and decentralized applications. SDN functions as a native token for network fees, staking and participation in on-chain governance; protocol parameters and token utility are defined by the network’s governance mechanisms.
The SDNUSD rate is determined by market forces: order book supply and demand across exchanges, liquidity depth, and trading activity. Broader factors also influence the price, including on-chain metrics such as user and developer activity, macroeconomic conditions, crypto market sentiment, and announcements related to upgrades or partnerships.
For traders and investors, SDNUSD provides a benchmark for valuing exposure to Shiden’s ecosystem. Market participants use the pair for speculation, portfolio allocation, hedging strategies, liquidity provision and to assess network adoption.
Volatility and liquidity can vary between venues; the pair may exhibit higher short-term price swings typical of mid-cap tokens, making risk management essential for active traders.
SDNUSD Chart
SDNUSD FAQ
What is the current Shiden Network price?
The current price is $0.006900, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.00015 (-2.1277%), showing how much the asset has moved compared to the previous close.
What is the previous close for Shiden Network?
The previous close was $0.007050, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-2.1277%) 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 ($0.006900) and highest ($0.010230) prices traded during the selected period, helping assess volatility.
Why is Shiden Network (SDN) moving today?
Price movements in Shiden Network 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 ($0.006900) is below the previous close ($0.007050), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Shiden Network?
You can view real-time charts, price updates, and market data for Shiden Network (SDN) directly on this page.
