ROPE TokenROPE
$0.272
Market/Exchange
ROPE Price Prediction and Price Movement
ROPE has been down 42.64 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that ROPE's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if ROPE is backed by a solid development team and whether ROPE's technology has any potential to grow.
Please note that this analysis is purely base on ROPE's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
ROPE Token Price Chart
About ROPE Token
ROPE, a full-scale decentralized ecosystem that brings the well known "market volatility index" to the crypto market. The ecosystem comprises of ROPE and ROPEV tokens. ROPE is built on the Solana platform. The platform will include a decentralized- finance-based (De-Fi) volatility token, as well as help spread awareness, and increase the use cases of the Solana network. ROPEV is a De-Fi-based volatility token providing a greed/fear index for the De-Fi market. The ROPEV index is proportional to the amount of liquidity in major liquidity pools (LPs). As tokens and LPs change over time, a mechanism is required to be able to change the ROPEV index LPs. The ROPE token is a governance token used to vote and govern the ROPEV index. By registering a volatility index, ROPEV, from different De-Fi markets, we break down the market's assumption for future volatility. A technique is to use liquidity pools as a measure of market sentiment. ROPEV is the only full-scale decentralized move to bring this complex and well known "market fear index" to the crypto market.