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Centrifuge

Centrifuge priceCFG

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CFG
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1 CFG = 0.6904 USD
Last updated 2024-04-25 15:17:50(UTC-0)

Centrifuge price live data summary

The live price of Centrifuge is $0.6904 per (CFG / USD) today with a current market cap of $339.44M USD. The 24-hour trading volume is $1.89M USD. CFG to USD price is updated in real time. Centrifuge is -3.20% in the last 24 hours. It has a circulating supply of 491,650,020 .

What is the highest price of CFG?

CFG has an all-time high (ATH) of $2.58, recorded on 2021-10-14.

What is the lowest price of CFG?

CFG has an all-time low (ATL) of $0.1405, recorded on 2023-01-01.

Centrifuge price prediction

Set your prediction

When is a good time to buy CFG? Should I buy or sell now?

When deciding whether to buy or sell CFG, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget CFG technical analysis can provide you with a reference for trading.
According to the CFG 4h technical analysis, the trading signal is Strong sell.
According to the CFG 1d technical analysis, the trading signal is Sell.
According to the CFG 1w technical analysis, the trading signal is Buy.
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Centrifuge price performance in USD

24h7d30d90d1yAll-time
-3.20%-11.67%-27.96%+36.73%+182.06%--

Centrifuge price history in USD

TimeLowHigh
24h$0.6794$0.7315
7d$0.6794$0.7946
30d$0.5990$1.15
90d$0.4881$1.15
1y$0.1654$1.15
All-time$0.1405(2023-01-01, 1 years ago )$2.58(2021-10-14, 2 years ago )

Centrifuge market information

Market cap
$339,437,688.3
-3.20%
Fully diluted market cap
$376,682,524.85
-3.20%
Volume (24h)
$1,894,186.34
-47.22%
Market rankings
Circulation rate
+90.00%
24h volume / market cap
0.0055
Circulating supply
491,650,020 CFG
Total supply / Max supply
545,596,372 CFG
-- CFG
ICO price
$0.5500 ICO details

Centrifuge ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Centrifuge Social Data

In the last 24 hours, the social media sentiment score for Centrifuge was 3, and the social media sentiment towards Centrifuge price trend was Bullish. The overall Centrifuge social media score was 0, which ranks 318 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Centrifuge being mentioned with a frequency ratio of 0.01%, ranking 389 among all cryptocurrencies.

In the last 24 hours, there were a total of 338 unique users discussing Centrifuge, with a total of Centrifuge mentions of 66. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 14%.

On Twitter, there were a total of 1 tweets mentioning Centrifuge in the last 24 hours. Among them, 100% are bullish on Centrifuge, 0% are bearish on Centrifuge, and 0% are neutral on Centrifuge.

On Reddit, there were 0 posts mentioning Centrifuge in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Centrifuge. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#318)
Social contributors(24h)
338
0%
Social mentions(24h)
66(#389)
+14%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Centrifuge(CFG)

What Is Centrifuge?

Centrifuge is a decentralized asset financing protocol that aims to bridge the gap between decentralized finance (DeFi) and real-world assets, unlocking liquidity and creating a seamless interaction between the two realms. Founded in 2017 by Lucas Vogelsang, Maex Ament, and Martin Quensel, Centrifuge has emerged as a pivotal project in the on-chain private credit sector, establishing partnerships with renowned DeFi brands like MakerDAO and AAVE. By tokenizing real-world assets such as government bonds, real estate, loans, contracts, and guarantees, Centrifuge provides a stable rate of return supported by off-chain assets, expanding the boundaries of DeFi and connecting traditional finance to blockchain">blockchain technology.

Centrifuge operates on its own blockchain developed on the Substrate framework, enabling it to share the security of the Polkadot network and integrate with any generic EVM blockchain. It offers a platform where borrowers, particularly small and medium-sized enterprises, can finance their real-world assets without relying on intermediary institutions like banks, thereby reducing capital costs and providing DeFi investors with a stable source of returns, independent of the volatility of crypto assets.

Resources

Official Documents: https://docs.centrifuge.io/

Official Website: https://centrifuge.io/

How Does Centrifuge Work?

Centrifuge employs its core product, Tinlake, an open marketplace and investment dApp built on Ethereum, to bring traditional collateralized loans to the blockchain. Tinlake allows businesses to tokenize their valuable real-world assets, such as mortgages and invoices, creating an NFT representation of each asset on the blockchain. This tokenized asset can then be used as collateral for loans funded by the liquidity investors have deposited within Tinlake pools.

Investors, or lenders, lock stablecoins like DAI in Tinlake pools to provide capital to businesses as loans, earning a yield on the capital provided to asset originator businesses. They can research asset originators before providing liquidity to their pools, gaining a clearer understanding of the quality of the business. Once an investor chooses a pool, they lock in their DAI and choose to receive either TIN or DROP tokens in return. TIN offers higher risk and thus higher reward, accepting the first risk of loss when a borrower defaults but also providing a more variable return on investment. DROP tokens provide a lower but more stable yield, offering “protection” from the frontline TIN holders in each pool.

Centrifuge’s mechanism involves a series of steps including off-chain auditing, KYC, establishment of Special Purpose Vehicle (SPV), and on-chain establishment of liquidity pools and provision of liquidity. The protocol tokenizes real-world assets, converting them into NFTs, which are then funded via Tinlake, allowing users to access liquidity on Ethereum and other chains, bypassing rent-seeking intermediaries and reducing costs and fees associated with traditional financial institutions.

What Is CFG Token?

CFG is the native token of the Centrifuge network, designed to incentivize network operation and sustainable ecosystem development. It can be bridged to Ethereum and used as an ERC20 token. CFG is essential for paying transaction fees on the Centrifuge chain, ensuring network security, serving as node incentives, and participating in protocol governance. It is also used to incentivize CFG liquidity and to qualify for financing. The initial distribution of CFG was 400 million, adopting an inflationary model, with the total supply exceeding 430 million as of this writing,

Centrifuge's Impact on Finance

Centrifuge has a transformative impact on finance by connecting DeFi with real-world assets, granting access to the liquidity of DeFi without relying on volatile cryptocurrencies, and removing third parties like banks. It unlocks new economic opportunities by allowing users to profit by granting them regular income in the form of rewards for staking their assets. By providing a bridge between traditional and digital finance, Centrifuge empowers small and middle-sized companies and investors, minimizing the risks associated with asset instability and crypto volatility, and potentially becoming a crucial project for strengthening ties between fiat and crypto.

What Determines Centrifuge's Price?

The price of Centrifuge (CFG) token in the cryptocurrency market is influenced by a myriad of factors, reflecting the intricate dynamics of cryptocurrency price determinants in the blockchain ecosystem. The cryptocurrency price is primarily driven by market demand and supply, investor sentiment, and overall trends in the cryptocurrency market. Market analysis and cryptocurrency charts reveal that price predictions for Centrifuge are subject to fluctuations based on developments in cryptocurrency regulation, advancements in the project, partnerships, and the general state of the cryptocurrency market, including the actions of cryptocurrency enthusiasts and experts.

In the realm of cryptocurrency news and trends, events such as partnerships, technological advancements, and adoption by new platforms or services can significantly impact the Centrifuge price. Cryptocurrency analysis by experts and influencers, as well as the prevailing sentiment in the crypto community, also play crucial roles in shaping price movements. For those looking to buy cryptocurrency, Centrifuge can be acquired on leading exchanges such as Bitget, where cryptocurrency enthusiasts and beginners can explore the potential of this token as a part of their crypto portfolio management strategy. As we venture into 2023 and beyond, the comprehensive analysis of cryptocurrency risks, security, and market volatility becomes paramount for those considering Centrifuge as the best crypto investment for 2023.

Trade CFG perpetual futures

After having successfully signed up on Bitget and purchased USDT or CFG tokens, you can start trading derivatives, including CFG futures and margin trading to increase your income.

The current price of CFG is $0.6904, with a 24h price change of -3.20%. Traders can profit by either going long or short onCFG futures.

Join CFG copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or CFG tokens, you can also start copy trading by following elite traders.

Centrifuge news

See more
profileImg

BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
profileImg

Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
profileImg

Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
profileImg

Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

TokenInsight2023/08/22 15:31#Social#Coinbase

People are also inquiring about the price of Centrifuge.

What is the current price of Centrifuge?

We update our Centrifuge to USD price in real time. Get the live Price of Centrifuge on Bitget.

What is the 24 hour trading volume of Centrifuge?

Over the last 24 hours, the trading volume of Centrifuge is $1.89M.

What is the all-time high of Centrifuge?

The all-time high of Centrifuge is $2.58. This all-time high is highest price for Centrifuge since it was launched.

Can I buy Centrifuge on Bitget?

Yes, Centrifuge is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Centrifuge?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Centrifuge with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Centrifuge online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Centrifuge, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Centrifuge purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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