JOE
Current price
$0.0329
−9.86%24h
LiveUpdated 36s ago
TodayJOE drops 9.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.30%
- 24 hours−9.86%
- 7 days−12.96%
- 30 days+11.75%
- 1 year−72.76%
JOE's move in context
Lagging the market today
−9.86% today against −3.26% for the market as a whole, a gap of 6.6 points. A gap this wide suggests something specific to JOE may be moving it, not just the market mood.
Trend has turned
−13.0% over 7 days and +11.8% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About JOE
Overview
JOE is a decentralized cryptocurrency designed primarily for use within the Avalanche ecosystem, particularly in the domain of decentralized finance (DeFi). Its core mission is to facilitate fast and cost-effective trading and liquidity provisioning across various digital assets. Leveraging the speed and scalability of the Avalanche blockchain, JOE aims to provide users with seamless experiences in trading and yield farming. Distinguishing features of JOE include its user-friendly interface, lower transaction fees, and the capacity to support complex financial products, positioning itself as a key player in the DeFi space.
Technical Features
JOE employs a unique consensus mechanism inherent to the Avalanche blockchain, which utilizes a novel proof-of-stake (PoS) protocol to achieve rapid transaction finality and high throughput. This mechanism enhances security and reduces energy consumption compared to traditional proof-of-work (PoW) systems. The security model of JOE ensures that transactions are validated by a network of validators contributing their staked AVAX tokens. This multi-chain architecture allows for interoperability with other blockchain networks, further enhancing its functionalities. Additionally, JOE is built on Solidity, enabling the execution of smart contracts and decentralized applications (dApps) in a highly scalable environment.
Use Cases
The primary use cases for JOE revolve around leveraging its strengths in DeFi. Users can engage in trading and providing liquidity, thanks to the automated market-making features inherent in decentralized exchanges (DEXs) where JOE operates. Furthermore, JOE plays a role in governance, allowing token holders to propose and vote on changes to the protocol, fostering a community-driven approach. Beyond DeFi, JOE's underlying technology supports NFTs and cross-border payments, facilitating seamless transactions across various jurisdictions with reduced fees and increased efficiency.
Development Background
The JOE cryptocurrency was launched in 2021 by a team of developers with a vision of enhancing the DeFi landscape on the Avalanche platform. Its initial development was supported by various contributors passionate about blockchain technology and finance. Notable events include strategic partnerships with prominent DeFi projects that have bolstered the JOE ecosystem and significant updates to improve user experience and security. The project has undergone several rounds of community feedback and iterative enhancements, leading to its growing adoption.
Community and Ecosystem
The JOE ecosystem is vibrant and actively supported by a dedicated community of developers, traders, and enthusiasts. Various partnerships with other DeFi projects and protocols have created a robust ecosystem where users can benefit from a variety of integrated services and applications. Community-driven initiatives, such as developer grants, hackathons, and educational resources, help foster innovation. Several applications built on JOE include lending platforms, yield aggregators, and NFT marketplaces, creating a diverse landscape of opportunities.
Future Potential
The potential impact of JOE is significant, given its technological framework and the increasing demand for DeFi solutions. As the ecosystem evolves, upcoming features on its roadmap include enhanced cross-chain functionalities, improved governance capabilities, and partnerships that expand its reach. The growing user base and the focus on user-centric designs could position JOE as a leading player in the DeFi space, capable of driving more sustainable financial solutions and broader adoption of blockchain technologies.
JOE market
- Position by market cap among the coins we track.
- #333
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $16.41M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0321High $0.0368
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $5.09
- Now 1% of itReached 21 Nov 2021 · Needs +15,371% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 498.66M JOE
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 500M JOE
- The most coins that can ever exist. Some coins have no limit.
JOE converter
1 JOE = $0.0329
