Fido (FIDO) is a cryptocurrency token built on the Ethereum blockchain, launched in 2023 as an ERC-20 asset. Designed to operate within decentralized ecosystems, FIDO offers utility in niche blockchain applications, though it remains a relatively low-cap and speculative digital asset. This comprehensive overview explores FIDO’s current price performance, market data, technical indicators, wealth distribution, and historical volatility—providing valuable insights for investors and crypto enthusiasts seeking to understand its potential and risks.
Current FIDO Price and Market Performance
As of the latest update, Fido (FIDO) is trading at $0.0000059 USD**, reflecting a **-0.63% decline** over the past 24 hours. The token has shown limited volatility in recent sessions, with a 24-hour trading range between **$0.0000044 (low) and $0.0000060 (high). Despite a brief intra-day increase of 1.31% from its opening price, the momentum failed to sustain upward movement.
On a longer timeline, FIDO has faced significant depreciation:
- 7-day change: -1.54%
- 30-day change: -8.88%
- Yearly change: -64.46%
When measured against major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), FIDO’s performance is even more bearish, with a -79.12% drop against BTC over the past year.
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Market Capitalization and Supply Metrics
Due to incomplete data on circulating supply, the exact market capitalization of Fido cannot be precisely calculated. However, using the total supply as a reference point, FIDO’s market cap stands at approximately $58,369. This positions it as a micro-cap cryptocurrency with high risk and speculative potential.
The fully diluted valuation (FDV) is derived by multiplying the total supply by the current price. While specific supply figures aren’t publicly confirmed, FDV modeling helps investors assess what the market cap could reach if all tokens were in circulation.
Notably, FIDO reached its all-time high of $0.000177** in 2024—a peak that now represents a **-96.66% decline** from current levels. Over the past 52 weeks, the token has traded between **$0.0000044 and $0.0000369, indicating extreme volatility and downward pressure.
Wealth Distribution and Holder Insights
One of the critical factors in evaluating a cryptocurrency’s decentralization and risk profile is its wealth distribution. For Fido, the concentration of holdings raises centralization concerns:
- Top 1–10 addresses: Hold 53.76% of total supply
- Addresses 11–100: Control 31.70%
- Addresses 101–1,000: Own 16.17%
- Remaining holders: Account for just -1.63% (indicating possible negative balances due to exchange liabilities or reporting errors)
This data suggests that fewer than 100 wallets control over 85% of the total FIDO supply, which increases vulnerability to price manipulation and large sell-offs.
The contract address for Fido is: 0x6b985d38b1fc891bb57bff59573626b1896d4aa1
Additionally, there are currently 1,137 token holders, with over 15,267 recorded transfers on the Ethereum blockchain. It's important to note that wallet counts don’t equate directly to unique individuals—many users hold multiple wallets, and exchanges often use numerous addresses.
ROI, Volatility, and Risk Assessment
Fido has delivered mixed returns over different timeframes, but overall performance remains deeply negative:
| Period | ROI | Volatility |
|---|---|---|
| 3 months | +3.03% | 40.13% |
| 6 months | -64.02% | 57.22% |
| 12 months | -63.95% | 94.55% |
The token exhibits extreme volatility, with a 12-month volatility rate of 94.55%—indicating wild price swings common in low-liquidity altcoins.
Other key risk metrics include:
- Maximum drawdown: -98.00%
- Profitable days: Only 45.31% of trading days resulted in gains
These figures highlight FIDO’s status as a high-risk investment suitable only for those with a strong risk tolerance and speculative strategy.
Technical Analysis: Indicators and Trends
Technical indicators suggest a predominantly bearish outlook for FIDO:
- RSI (14): 42.58 — Approaching oversold territory but not yet signaling a reversal
- Commodity Channel Index (20): -38.97 — Suggests weakening momentum
- Average Directional Index (14): 45.00 — Strong trend presence, currently downward
- Williams %R (14): -36.14 — Neutral to slightly bearish
- Ultimate Oscillator: 45.00 — Indecisive momentum
Moving averages reinforce the sell-side pressure:
- All EMA values (from 10 to 200 periods) are above the current price
- EMA(200) sits at $0.0000090, nearly 52% higher than today’s price
This confirms a long-term bearish structure, with resistance forming well above current levels.
Frequently Asked Questions (FAQ)
What is Fido (FIDO)?
Fido (FIDO) is an ERC-20 token launched in 2023 on the Ethereum blockchain. It functions as a utility or community-driven token within its ecosystem, though details about its specific use case remain limited.
Where can I buy FIDO cryptocurrency?
FIDO is listed on at least one cryptocurrency exchange platform, allowing trading against major pairs like USDT or ETH. Always verify platform legitimacy before investing.
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What was FIDO’s highest price?
FIDO reached an all-time high of $0.000177 in 2024. As of now, it trades over 96% below that peak.
How many FIDO tokens are in circulation?
Exact circulating supply data is unavailable, making accurate market cap calculations difficult. Total supply is used as a proxy for valuation estimates.
Is FIDO a good investment?
Given its extreme volatility, poor yearly performance, and concentrated ownership, FIDO carries substantial risk. It may appeal to speculative traders but isn’t recommended for conservative investors.
What blockchain is FIDO built on?
FIDO operates on the Ethereum network as an ERC-20 token, leveraging Ethereum’s security and smart contract capabilities.
Final Thoughts on Fido (FIDO)
Fido represents a classic example of a micro-cap cryptocurrency: high volatility, limited transparency, and concentrated ownership. While early-stage tokens can offer outsized returns, FIDO’s steep decline from its all-time high and lack of strong fundamentals make it a speculative gamble rather than a strategic investment.
Investors should conduct thorough due diligence—examining on-chain activity, development progress, and community engagement—before considering exposure to such assets.
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