What are the highest and lowest prices in Shieldeum(SDM) coin history?

Shieldeum (SDM) coin's highest price was $0.0294 on January 10, 2018, driven by initial interest in privacy coins, while its lowest price was $0.00032 on March 13, 2020, amidst the COVID-19 sell-off.

Dec 11, 2024 at 02:14 am

What are the highest and lowest prices in Shieldeum(SDM) coin history?

Shieldeum (SDM) is a cryptocurrency that was created in 2018. It is a privacy-focused coin that uses a zk-SNARKs protocol to provide anonymity for its users. SDM has been listed on several exchanges, including Binance, KuCoin, and HitBTC.

Highest Price

The highest price that SDM has ever reached was $0.0294 on January 10, 2018. This was shortly after the coin was launched, and it was driven by a surge of interest in privacy coins. However, the price of SDM has since fallen significantly, and it is currently trading at around $0.001.

Lowest Price

The lowest price that SDM has ever reached was $0.00032 on March 13, 2020. This was during the height of the COVID-19 pandemic, and it was driven by a sell-off in the crypto market. However, the price of SDM has since recovered somewhat, and it is currently trading at around $0.001.

Factors Affecting the Price of SDM

The price of SDM is affected by a number of factors, including:

• The overall crypto market: The price of SDM is closely correlated to the price of Bitcoin and other major cryptocurrencies. When the crypto market is bullish, the price of SDM tends to increase. When the crypto market is bearish, the price of SDM tends to decrease.
• Privacy concerns: The demand for privacy coins has been increasing in recent years, as people become more aware of the importance of protecting their online privacy. This has led to an increase in the price of SDM and other privacy coins.
• Competition: SDM faces competition from a number of other privacy coins, such as Monero and Zcash. The competition between these coins can lead to fluctuations in the price of SDM.

Is SDM a Good Investment?

Whether or not SDM is a good investment depends on a number of factors, including:

• Your investment goals: What are you hoping to achieve by investing in SDM? Are you looking to make a quick profit, or are you looking for a long-term investment?
• Your risk tolerance: How much risk are you willing to take on? SDM is a volatile asset, and its price can fluctuate significantly.
• Your research: You should do your own research on SDM before you invest. This includes reading the whitepaper, following the project on social media, and talking to other investors.

If you are considering investing in SDM, it is important to do your own research and understand the risks involved. SDM is a volatile asset, and its price can fluctuate significantly. However, it is also a privacy-focused coin that has the potential to increase in value in the future.