DUSK Network Price Overview
The current DUSK Network price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of DUSK Network is based on a market capitalization of EUR. DUSK Network has a circulating supply of . The highest recorded DUSK Network price is EUR. And the lowest recorded DUSK price is EUR.
How do DUSK Network price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.
Dusk Network describes itself as the privacy blockchain for financial applications. Its distributed Financial Market Infrastructure and zero-knowledge proofs mean that organizations can issue tokens governed by native confidential smart contracts, with significant cost reduction and clear and final settlement. This is useful for enterprises that want to streamline business processes with blockchain while respecting strict compliance requirements like confidentiality agreements and data protection legislation.
DUSK is the native protocol asset of Dusk Network and is used for staking and reimbursing participants for computational cost. Since joining the crypto market, the price of DUSK has seen significant change and if you want to know why then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of DUSK price – as well as the factors which influence it.
Dusk Network Price History
Following an initial coin offering at the end of November 2018, DUSK began trading in July 2019 at $0.20. It dipped as low as $0.14 in the first few days but then surged to its all-time high of $0.67 on July 22. Prices quickly crashed after that and fell below $0.10 in August. Following a another surge to $0.29 around the middle of the month, DUSK continued to fall to a low of $0.03 in November. As the year came to a close, DUSK was trading at $0.04, representing an 80% drop since it joined the market.
After a fairly uneventful January 2020, DUSK rallied to a peak of $0.06 in mid-February. However, prices bottomed out at $0.01 a month later following a 55% crash on a single day in March. Four months of steady growth then carried DUSK back up to $0.04, before a sharper increase in July took prices to a high of $0.13 in August.
The trend reversed at that point and DUSK dipped back below $0.04 in September. Prices consolidated around this level for the rest of the year, with occasional rises to $0.06 or higher. By the end of 2020, DUSK was worth a little over $0.04 – just slightly more than the year’s starting price.
Prices had risen to $0.07 by the end of January 2021, after which, a steeper rally saw DUSK heading towards $0.30 in February, before pulling back to $0.19 at the end of the month. The surge resumed in March, when prices hit a peak of $0.45, at which point Dusk Network had a market cap of about $160 million.
After a retracement to $0.30, another attempt to rally took DUSK up to $0.46 in April, before it crashed back down to $0.17 later in the month. A mild recovery to $0.32 in May was then followed by further bearish momentum and DUSK traded as low as $0.08 that month, a few days after a single day crash of 44%. As June started, prices had improved to $0.13.
Analyzing Dusk Network Price History
DUSK Network price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With DUSK, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges. This was particularly true on July 22, 2019, when DUSK experienced a significant trading volume on the back of a Binance listing. Listings on large exchanges like Binance bring coins to the attention of many new investors, which likely helped DUSK reach its all-time high that day.
Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Dusk Network raised more than $8 million in its ICO and its founders have many years’ experience of founding other successful blockchain companies. The technology has a wide range of different use cases, including decentralized finance, proxy voting, confidential security tokens, digital share registries, and smart bulletin boards. These could potentially be good signs for the fundamental Dusk Network value.
Broader market trends have also played a role in the price history of DUSK. Its surge early in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.
DUSK’s huge single-day drop in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.
The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.
The overall price trend of DUSK tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing The Price of Dusk Network (DUSK)
A variety of different things can affect Dusk Network price, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.
DUSK has a capped max supply of 1 billion tokens, making it a scarce asset like Bitcoin and so potentially a good store of value in the long run. Once the max supply of tokens have entered the circulating supply, no new tokens will be released and any rise in demand will therefore lead to a rise in price.
Demand for the DUSK coin is partly driven by staking. Those who help secure the Dusk Network blockchain by staking their DUSK tokens earn returns of 12% per year. These rewards could incentivize more people to buy DUSK for staking, putting upward pressure on its price.
While stakers finalize blocks, the blocks are forged and propagated by generators. Becoming a generator requires locking up a certain amount of DUSK in the form of a bid and means earning transaction fees. This simultaneously reduces the amount of DUSK available on the market and drives demand for DUSK from those who want to earn rewards as a generator.
Finally, the DUSK token is required to pay fees for Dusk Network transactions, creating further demand from everyone transacting and building on Dusk Network. This means that as there are more decentralized applications and tokens deployed on the network, DUSK could experience a price rise.
Live Dusk Network Value and Market Cap
The market price of DUSK varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
Given DUSK’s volatility, its current price can change by a large amount in a very short space of time. The market cap of Dusk Network is equal to the price of DUSK multiplied by the number of DUSK in the circulating supply.
Dusk Network Price FAQ
What Is the Highest Price of DUSK Network in EUR?
DUSK Network price history shows that DUSK has recorded a peak value of EUR.
What Is the Lowest Price of DUSK Network in EUR?
Kriptomat data confirms that EUR is the lowest recorded DUSK Network value.
How Can I Buy DUSK Network?
There’s no need to consult an expert to tell you how to buy DUSK Network. It’s fast and easy to buy DUSK at Kriptomat. DUSK Network is available for immediate purchase at the current DUSK price quote of EUR. Current prices are always displayed in the DUSK chart.
What Is the Current Price of DUSK Network in EUR?
DUSK Network is available for immediate purchase at Kriptomat. The current price is EUR.
How is the price of DUSK calculated?
DUSK price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying DUSK than selling it, the price goes up, and when more are selling than buying, the price goes down.
Why is the price of DUSK different on each cryptocurrency exchange?
DUSK’s price is based purely on trading as there is no standard global Dusk Network price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
What will DUSK be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future DUSK value. However, if more enterprises start using Dusk Network to deploy decentralized applications and programmable and confidential securities in the future, the increased demand for the transactional model could lead to a price rise.
The DUSK Network price has changed significantly since the token joined the crypto market, experiencing both lows of $0.01 and highs of nearly $0.70. Its price history has rarely been smooth, however, as DUSK’s volatility has led to surges and crashes along the way.
Many different factors have played a role in determining the price of DUSK, including demand from participants in the underlying Proof of Stake consensus mechanism, the number of enterprises deploying applications and security tokens on Dusk Network, and trends in the rest of the cryptocurrency market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Dusk Network and cryptocurrencies!