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What is Shiden Network (SDN)?

Shiden Network basic info

Name:Shiden Network
Ticker:
Introduction:

Cryptocurrency Shiden Network is gaining significant attention in the world of digital finance. It is a decentralized network built on the Ethereum blockchain and designed to provide a reliable infrastructure for decentralized applications (dApps). Shiden Network operates using its native currency, SDN, which serves as the lifeline of the network. SDN has several key features that make it unique and attractive to users in the crypto industry. Firstly, SDN enables users to participate in various network activities, such as staking and delegating. Staking involves locking up a certain amount of SDN to support the network's security and consensus mechanism. In return, users receive rewards for their contribution. This helps create a sustainable and secure ecosystem. Secondly, SDN plays a crucial role in governing the network. SDN token holders have the power to vote on important network proposals, such as protocol upgrades and parameter changes. This ensures that the community has a say in the development and direction of the network. Furthermore, SDN is easily transferable and can be used as a means of exchange within the Shiden Network ecosystem. Users can utilize SDN to pay for transaction fees, access dApps, or trade with other users. The currency's liquidity and accessibility contribute to its value and usefulness. Due to the advanced technology underlying Shiden Network, transactions on the platform are fast, efficient, and secure. The network implements a multi-chain architecture that enables parallel processing, allowing for high scalability and throughput. In terms of its historical significance, Shiden Network is part of the Polkadot ecosystem. Polkadot is a leading blockchain platform that aims to connect multiple blockchains together, creating an interconnected network known as the "Internet of Blockchains." Shiden Network, as a parachain on Polkadot, benefits from the security, interoperability, and scalability provided by the larger ecosystem. Overall, Shiden Network and its native currency SDN are playing a significant role in revolutionizing the decentralized application landscape. With its unique features, governance capabilities, and integration with the Polkadot ecosystem, Shiden Network is poised to drive innovation and unlock new possibilities in the crypto industry.

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Current price:
All-time high:$8.41
All-time low:$0.1096

SDN supply and tokenomics

Circulating supply:65,881,320 SDN
Total supply:85,527,143.49 SDN
Max supply:0 SDN
Market cap:$11.87M
Fully diluted market cap:$15.41M

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What is the development prospect and future value of SDN?

The market value of SDN currently stands at $11.87M, and its market ranking is #1106. The value of SDN is not widely recognized by the market. When the bull market comes, the market value of SDN may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SDN has broad market potential and significant room for development. The distinctiveness and appeal of SDN may attract the interest of specific groups, thereby driving up its market value.

What will the price of SDN be in 2025?
Based on SDN's historical price performance prediction model, the price of SDN is projected to reach $0.2951 in 2025.
What will the price of SDN be in 2030?
In 2030, the SDN price is expected to change by +8.00%. By the end of 2030, the SDN price is projected to reach $0.6792, with a cumulative ROI of +283.78%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SDN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is SDN worth investing or holding? How to buy SDN from a crypto exchange?

If you want to buy SDN, the following information may be helpful for your investment decisions:
In the last seven days, the price of SDN has risen by 26.40%, leading to positive returns for most SDN investors. The market is currently optimistic about the price trend of SDN.
It is important to note that the current price of SDN has retreated by -97.86% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether SDN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SDN or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of SDN, if you want to buy or sell SDN, you can consider Bitget for your trading needs. The best place to buy SDN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Shiden Network has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Shiden Network. Here's a step-by-step guide on how to buy Shiden Network on Bitget.

How to get Shiden Network through other methods?

Using cash to buy Shiden Network is not the only way to obtain Shiden Network. If you have the time to spare, you can get Shiden Network for free.
Learn how to earn Shiden Network for free through the Learn2Earn promotion.
Earn free Shiden Network by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Shiden Network airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Shiden Network through Bitget Convert, Bitget Swap, or spot trading.

What is Shiden Network used for and how to use Shiden Network?

The use case of Shiden Network may expand as the crypto market and the project itself develop. Currently, you can use SDN to achieve the following goals:
Arbitrage by trading SDN: Since SDN is a frequently traded cryptocurrency, the price of SDN is always fluctuating. Earn more SDN by buying low and selling high on the exchange. Bitget spot market provides a variety of SDN trading pairs to fully meet your needs.
Earn by staking SDN: You can also generate income through financial management methods such as staking SDN or lending SDN. Bitget Earn offers a variety of financial products designed to help you earn more income from your SDN.
Send or pay SDN: If you want to give SDN to your friends, a charity, or a fundraiser, or you want to pay someone with SDN, you can quickly and easily send SDN to the recipient through their payment address.
You can also go to the official website of the Shiden Network project to learn more about the use cases of SDN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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