A price chart for SX Network would typically display its historical performance against a benchmark currency like USD over various timeframes (e.g., 24 hours, 7 days, 1 month, 1 year). This visual representation helps investors identify trends, support and resistance levels, and potential entry or exit points.
Without specific chart data, it's important to note that cryptocurrency prices are highly volatile. A chart would show the asset's journey, including its all-time high and low, providing context for its current valuation. Traders often look for patterns like moving averages, trading volumes, and candlestick formations to inform their decisions.
For SX Network, a chart would illustrate how its price has reacted to market sentiment, protocol developments, and broader crypto market movements since its launch in March 2019.
SX Network (SX) is a smart-contract protocol and web-based application designed to facilitate cryptocurrency-based sports betting and political prediction markets. Operating on both the Ethereum and Matic (Polygon) blockchains, the protocol aims to merge decentralized finance (DeFi) principles with community ownership to create a transparent and fair betting platform.
The core innovation of SportX lies in its person-to-person betting exchange model. This allows users to establish their own odds and trade against each other, fostering a more competitive and potentially more profitable environment compared to traditional bookmakers. The protocol leverages low transaction costs, tournaments, and non-custodial exchange technology to enhance user experience.
All bets on the SportX protocol are formed, processed, and settled on-chain, meaning transactions are recorded on a distributed public ledger, ensuring transparency and immutability. The protocol also incorporates control mechanisms, configurable fees, and maintenance guidelines to govern the network's operations.
A key feature is the community-managed treasury, which plays a vital role in the ecosystem's growth. This treasury funds initiatives such as liquidity mining, marketing campaigns (like tournaments), and strategic partnerships, all aimed at driving the adoption and development of the SportX platform.
Understanding the market data for SX Network provides crucial insights for potential traders and investors. The current price of $0.05, coupled with a 24-hour change of +0.39%, indicates a relatively stable short-term movement at the time of observation. However, this small percentage change should be viewed in the context of broader market trends and the asset's historical volatility.
The market capitalization of $27.684 million places SX Network within the small-cap cryptocurrency segment. Assets in this category can be more susceptible to price swings due to lower liquidity and smaller trading volumes compared to large-cap assets. A high market cap generally implies greater market valuation and often, more established projects, but this is relative within the crypto space.
The 24-hour trading volume of $29.296K is relatively low for an asset with a market cap of this size. Low trading volume can indicate limited liquidity, meaning it might be challenging to buy or sell large quantities of SX tokens without significantly impacting the price. Traders should exercise caution and verify order book depth before executing substantial trades to avoid slippage.
The all-time high (ATH) of $1.04 provides a historical peak for SX Network. Comparing the current price to the ATH can give an idea of how far the asset has fallen from its peak, which might be seen as a potential discount or a sign of sustained downward pressure. Investors often consider the ATH as a psychological benchmark for future price targets or recovery potential.
The circulating supply of 538 million SX tokens, against a maximum supply of 1 billion, suggests that a significant portion of tokens are already in circulation. This information is vital for understanding the token's inflation schedule and potential future supply shocks. A high circulating supply relative to max supply can sometimes indicate less future selling pressure from token unlocks, but this depends heavily on the specific vesting schedules and distribution plans.
For traders, monitoring these metrics daily, alongside news and developments related to the SX Network protocol and the broader prediction market sector, is essential for making informed decisions. Always consider the risk associated with low-liquidity assets and conduct thorough due diligence.
Liquidity refers to how easily an asset can be converted into cash without affecting its market price. For cryptocurrencies, high liquidity is crucial for efficient trading, allowing investors to enter and exit positions quickly. A project's liquidity structure often involves various pools, exchanges, and staking mechanisms that contribute to its overall market depth.
The distribution of an asset's supply across different holders and platforms can significantly impact its price stability and susceptibility to manipulation. For instance, a large concentration of tokens in a few wallets might indicate centralized control, while a broad distribution across many decentralized exchanges (DEXs) and centralized exchanges (CEXs) typically suggests better decentralization and market health.
Understanding where an asset's liquidity resides—whether it's on major exchanges, within DeFi protocols, or locked in staking contracts—helps assess its robustness and resilience to market shocks. It also provides insights into the project's ecosystem health and user engagement.
Price history provides a retrospective view of an asset's performance over various periods, offering context for its current valuation and potential future movements. Analyzing historical data helps investors understand volatility, identify long-term trends, and assess the asset's resilience during different market cycles.
For SX Network, observing its price changes over hours, days, weeks, and months can reveal patterns of investor sentiment and market reaction to news or broader economic factors. For instance, consistent positive weekly performance might indicate growing adoption or successful protocol developments, while sustained declines could signal underlying issues or a general market downturn.
The all-time high (ATH) of $1.04 is a critical historical data point. It represents the peak investor interest and valuation for SX Network since its inception. Comparing the current price to the ATH helps gauge the asset's recovery potential or the extent of its price correction. Traders often use ATHs and all-time lows to establish psychological support and resistance levels.
It's important to consider the context of these price movements. Factors such as overall cryptocurrency market sentiment, regulatory news, technological advancements within the SX Network ecosystem, and competitive landscape changes can all influence price trajectory. Volume accompanying price movements is also crucial; significant price changes on low volume may be less sustainable than those on high volume.
Past performance is not indicative of future results. Cryptocurrency markets are highly volatile, and investments carry significant risk.SX Network, launched in March 2019, is the entity behind the SportX protocol, a pioneering platform in the decentralized prediction market space. The project was founded by Julian Wilson and Andrew Young. Julian Wilson, a computer engineer from Queen's University in Canada, brings technical expertise, while Andrew Young, an alumnus of Western University in Canada, serves as the project lead, guiding the strategic direction of the network.
The SportX protocol is built on smart contracts that power its entire ecosystem, ensuring that all betting activities—from formation to settlement—occur transparently on-chain. This reliance on blockchain technology for transaction processing and storage on a distributed public ledger is fundamental to its promise of fairness and transparency.
Key features of the SportX protocol include:
The SX token, an ERC-20 standard token, is integral to the SportX ecosystem, serving multiple use cases including governance, staking for participation in votes, and earning fee reductions on the exchange. With a maximum supply of 1,000,000,000 tokens, SX aims to drive a sustainable, community-driven future for decentralized prediction markets.
SX Network (SX) is a smart-contract protocol and web-based application that enables decentralized sports betting and political prediction markets on the Ethereum and Matic blockchains. Launched in March 2019 by Julian Wilson and Andrew Young, it aims to combine DeFi principles with community ownership to offer a fair, transparent, and non-custodial betting platform. The native SX token facilitates governance, staking, and fee reductions within its ecosystem, which includes a community-managed treasury for growth initiatives.
Network addresses, specifically contract addresses, are unique identifiers for smart contracts deployed on a blockchain. For an ERC-20 token like SX, its contract address on Ethereum and Matic (Polygon) would be a critical piece of information, allowing users to verify the token's authenticity, track its supply, and interact with it on various decentralized applications (dApps) and wallets.
Ethereum Contract Address: Not publicly confirmed
Matic (Polygon) Contract Address: Not publicly confirmed
Without the specific contract addresses, users should exercise caution when interacting with SX tokens on decentralized platforms. Always verify the correct contract address from official sources, such as the project's official website or reputable block explorers, before sending or receiving tokens to prevent potential scams or loss of funds. The absence of publicly confirmed addresses here means further verification is required directly from the SX Network project.
The market behavior of SX Network is influenced by several factors, including its relatively small market capitalization and trading volume. With a market cap of $27.684 million, SX is considered a micro-cap asset, which often implies higher volatility compared to larger, more established cryptocurrencies. Price movements can be more pronounced with smaller trade sizes, and the asset may be more susceptible to market sentiment shifts or concentrated buying/selling pressure.
The 24-hour trading volume of $29.296K is quite low. This low volume suggests limited liquidity, which is a critical consideration for traders. In a low-liquidity environment, large buy or sell orders can significantly impact the price, leading to slippage. Investors looking to enter or exit positions in SX should be mindful of the order book depth and consider executing trades in smaller increments to minimize price impact.
The current price of $0.05, compared to its all-time high of $1.04, indicates a substantial price correction from its peak. This could be due to various factors, including broader market downturns, specific project developments, or shifts in investor interest. Analyzing the duration and nature of this correction can provide insights into the asset's long-term price stability and recovery potential.
The circulating supply of 538 million SX tokens out of a maximum supply of 1 billion suggests that over half of the total tokens are already in circulation. This can influence future price behavior by indicating the potential for future token unlocks or emissions. A well-managed tokenomics schedule, where new tokens are released predictably and transparently, can help maintain price stability, while sudden large unlocks can create selling pressure.
As a prediction market and DeFi protocol, SX Network's market behavior is also tied to the performance and regulatory landscape of these sectors. Positive developments in decentralized betting or increased adoption of the SportX platform could positively impact its price, while regulatory crackdowns or increased competition could pose challenges. Investors should monitor project updates, community engagement, and overall market trends in the prediction market and DeFi space.
SX Network (SX) is a smart-contract protocol and web-based application operating on the Ethereum and Matic blockchains. It enables the creation, trading, and settlement of cryptocurrency-based sports betting and political-prediction markets, aiming for a fair and transparent platform through decentralized finance (DeFi) and community ownership.
SX Network was launched by SX Network in March 2019. It was founded by Julian Wilson, a computer engineer, and Andrew Young, who serves as the project lead.
The SX token, an ERC-20 standard token, has three prominent use cases: governance of the protocol, staking tokens to participate in governance votes, and staked SX allowing users to earn a reduction on any exchange fees.
SX has a maximum supply of 1,000,000,000 (1 billion) tokens.
The SX token is the native utility and governance token of the SportX protocol, built on the ERC-20 token standard. Its tokenomics are designed to foster shared community ownership and guide the protocol towards a sustainable, decentralized future. Understanding the token's supply and utility is crucial for assessing its long-term value proposition.
The SX token is designed with three primary utility functions:
The combination of a fixed supply and robust utility within the SportX ecosystem aims to create a strong demand for SX tokens, driven by both speculative interest and practical use cases for platform participants. However, the actual value will depend on the adoption and success of the SportX prediction market platform.
When evaluating SX Network, it's useful to compare it with other assets that share similar characteristics, such as being in the prediction market sector, operating on similar blockchain networks, or having comparable market capitalizations. This helps investors gauge relative value, understand competitive landscapes, and identify potential trends.
Assets with a similar market cap to SX Network (approximately $27.684 million) include Venus BETH, BambooDeFi, and xFund. While these assets may not necessarily be in the same functional category as SX Network, comparing their market capitalization can provide a sense of how the market values projects of similar scale. However, it's crucial to look beyond just market cap and consider the underlying technology, use case, and ecosystem strength.
For a more direct comparison, one would look at other decentralized prediction market platforms or DeFi protocols with governance tokens. These might include projects like Augur (REP), Gnosis (GNO), or Polymarket. Comparing SX Network against these direct competitors would involve analyzing:
Such comparisons provide a holistic view of SX Network's position in the broader crypto ecosystem and its competitive advantages or disadvantages.
Investing in cryptocurrencies, especially those in niche sectors like decentralized prediction markets, carries inherent risks. For SX Network, several factors should be carefully considered by potential investors:
Investors should conduct thorough due diligence, understand these risks, and only invest what they can afford to lose.
The provided data for SX Network offers a foundational understanding of the asset, but also highlights areas where additional information would enhance confidence and analytical depth.
What was provided: We were provided with the current price ($0.05), a 24-hour price change (+0.39%), market capitalization ($27.684M), 24-hour trading volume ($29.296K), all-time high ($1.04), and circulating supply (538 million SX). We also received a detailed description of the SportX protocol, its founders, launch date, and the utility of the SX token.
What is missing: Key missing data points include a specific 'as of' date/time for the price snapshot, a definitive market rank, and specific contract addresses for the SX token on Ethereum and Matic. Detailed historical price data (beyond the 24-hour change), a breakdown of token distribution, and a comprehensive roadmap or audit reports were also not provided in the raw input.
How that limits confidence: The absence of an 'as of' date means the provided price and volume figures are current only at an unspecified point in time, limiting their real-time accuracy for immediate trading decisions. The lack of a market rank makes it harder to contextualize SX Network's standing relative to the broader crypto market. Most critically, the absence of verified contract addresses prevents direct on-chain verification of the token's authenticity and supply, which is a fundamental security check for any crypto asset.
What to verify next: To gain higher confidence, investors should:
This calculator allows you to estimate the value of SX tokens based on the current price. While not a financial advisor, this tool can help you understand potential portfolio values or the cost of acquiring a certain amount of SX.
Current SX Price: $0.05
Estimated USD Value: $5.00
Note: This calculator uses the last known price of $0.05 and does not account for real-time price fluctuations, exchange fees, or slippage. Always refer to live market data for accurate valuations.
SX Network (SX) is a decentralized finance (DeFi) protocol and web application focused on sports betting and political prediction markets. Operating on Ethereum and Matic, it aims to provide a transparent, community-owned platform where users can create, trade, and settle bets on-chain. The native SX token facilitates governance, staking for voting, and fee reductions, with a maximum supply of 1 billion tokens. Launched in March 2019 by Julian Wilson and Andrew Young, SX Network seeks to combine the benefits of blockchain technology with the engagement of prediction markets. Its current market cap of $27.684M and low 24h volume of $29.296K place it in the small-cap segment, indicating potential for volatility and liquidity considerations for investors.
Exploring assets related to SX Network can provide valuable context for investment decisions. Related assets can be categorized by similar market capitalization, industry sector (e.g., prediction markets, DeFi), or underlying blockchain technology.
Based on market capitalization, assets such as Venus BETH, BambooDeFi, and xFund are noted as having a similar market cap to SX Network. While their functionalities may differ, comparing their market dynamics can offer insights into how the market values projects of comparable size.
For a more direct comparison, investors might look at other decentralized prediction market platforms or projects within the broader DeFi ecosystem that offer governance or utility tokens. These could include:
Analyzing these related assets allows investors to assess SX Network's competitive position, identify industry trends, and understand the potential for growth or challenges within its specific niche.