This article centers around a thorough assessment of DEP coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our DEPort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is DEAPcoin (DEP) ?
DEAPcoin (DEP) is the native utility token of the DEAPchain ecosystem. DEAPchain is a blockchain platform that focuses on digital content and virtual assets , specifically targeting the entertainment industry . The platform aims to enable creators, artists , and users to create, trade, and monetize their digital content in various forms such as artwork , music , games , virtual reality (VR) assets , and more .
DEP tokens are used within the DEAPchain ecosystem for various purposes including :
1.Trading Digital Assets : Users can use DEP tokens to buy/sell/trade digital assets within the platform’s Marketplace .
2.Monetization : Creators can earn DEP tokens by selling their original digital content or receiving royalties from its usage .
3.Participating in Events :DEP holders may have access to exclusive events or experiences related to entertainment and gaming industries .
4.Governance : Token holders might have voting rights on certain decisions or proposals related to the development and direction of the DEAPchain ecosystem .
Overall , DEAPcoin serves as a means of facilitating transactions and interactions within the decentralized entertainment ecosystem provided by DEAPchain.
If you want to know more about the DEAPcoin (DEP) coin , you can visit its website .
https://dea.sg/
Projects:
DEAPcoin (DEP) is associated with several projects within the DEAPchain ecosystem. Here are some notable ones :
1.Digital Content Marketplace : DEAPcoin powers a decentralized marketplace where creators can sell their digital assets , including artwork , music , virtual reality (VR) assets , and more . Users can acquire these assets using DEP tokens.
2.Virtual Reality (VR) Experiences : The DEAPchain platform provides immersive VR experiences where users can explore virtual worlds and interact with various digital content created by artists and developers .
- Content Creation Tools : DEP tokens enable access to tools and resources for content creation within the DEAPchain ecosystem . Artists can utilize these tools to create unique digital artworks or other forms of creative content .
- Gaming Integration : The DEAPchain platform aims to integrate with gaming ecosystems , allowing gamers to own and trade in-game items as non-fungible tokens (NFTs) . This integration creates new opportunities for monetization and ownership of virtual game assets .
- Licensing and Royalties : Creators who tokenize their art or intellectual property on the blockchain through the DEAPchain platform can earn royalties whenever their creations are used or traded by others .
- Social Features : The DEAPchain ecosystem includes social features that allow users to connect with like-minded individuals , participate in community events , collaborate on projects , showcase portfolios, and more .
These projects demonstrate how DEP token is utilized within the DEAPchain ecosystem to empower creators , facilitate transactions of digital content/assets , foster engagement among users , and drive innovation in the entertainment industry .
Factors affecting price:
The price of DEAPcoin (DEP) can be influenced by various factors, including:
- Market Sentiment : Overall market sentiment and investor confidence in the cryptocurrency industry can impact the price of DEP, as it does with most cryptocurrencies .
- Demand for Digital Content :The demand for digital assets and content within the entertainment industry, especially in areas such as artwork , music , virtual reality (VR) , and gaming , can influence the value of DEP tokens. Increased usage and adoption of these digital assets may drive up demand for DEP .
3.Platform Adoption : The level of adoption and usage of the DEAPchain platform by creators, artists, developers , gamers , and users plays a significant role in determining the value of DEP tokens . Higher levels of engagement and activity on the platform could contribute to increased token demand .
4.Partnerships and Integrations: Collaborations with other projects or platforms within the entertainment or blockchain industry can bring additional exposure to DEAPcoin . Partnerships that expand its use cases or increase accessibility to a wider user base might positively impact its price .
5.Regulatory Environment : Changes in regulatory policies related to cryptocurrencies or digital assets could affect market sentiments towards DEP tokens.
6.Technological Developments: Upgrades or developments within the DEAPchain ecosystem that enhance functionality , scalability , security features or introduce new offerings may positively influence investor confidence in DEP tokens.
- Competition : Competition from other blockchain-based platforms focusing on digital content creation or virtual assets could potentially affect both user adoption rates as well as token prices .
It’s important to note that cryptocurrency markets are highly volatile and subject to various external factors beyond those mentioned above . Therefore , investing or trading any digital asset comes with risks that should be carefully considered before making any decisions .
Where can I buy DEAPcoin (DEP)?
Exchange Pair Volume
DEAPcoin (DEP) Baseline Assessment :
The market cap of the DEAPcoin (DEP) coin is $6.783.798 and its circulating supply is 4.836.107.347 units. Its maximum Supply is 30.000.000.000 units, with a fully diluted valuation of $42.082.177.
What is the high price point for DEAPcoin (DEP)?
DEAPcoin (DEP) highest price is $0.09213 recorded on Nov 24, 2021. The current price is -98.47% lower than the all-time high .
What is the low point of the price for DEAPcoin (DEP)?
DEAPcoin (DEP) token’s lowest price was $0.001393 on Jul 16, 2023.
DEAPcoin (DEP) Technical Outlook:
DEAPcoin (DEP), which was traded at $0.0048 on 11 May, 2020, rose to $ 0.101 by 22 Nov 2021. It failed to stay at this price for long and dropped as low as $0.001351 by 10 Jul 2023. The bearish movement continues within the falling channel. If it wants to go down to the lower band of the channel, the price can pull back as much as $0.000558. For the downtrend to end, the price must stay above the $0.004899 level. In possible rises, our horizontal supports should be followed as resistance.
Our support point: $0.001351 Our sequential resistances: $0.002386 – $0.004899 – $0.11690 – $0.026089 – $0.058223
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .
