Understanding BZZ and Swarm Network
BZZ is the native token of the Swarm network, a decentralized data storage and communication system built on Ethereum blockchain technology. Currently priced at approximately $0.1504, BZZ has shown significant volatility with a -13.51% daily change.
Key Market Metrics:
- Circulating Supply: 48,042,872 BZZ
- Market Capitalization: Not available
- All-Time High: Unavailable
- All-Time Low: Unavailable (recorded on March 13, 2025)
- 30-Day Price Range: High/Low data unavailable
- BTC Correlation: 0.19 (low correlation with Bitcoin)
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BZZ Price Performance Analysis
Recent Trends:
- 24H Trading Volume: Not available
- Price Volatility: +21.79% daily fluctuation
- Liquidity Ratio: Insufficient data
- Investment Return: -92.17% from initial offering
Historical Context:
- 2021 Peak: Achieved May 30 (price data unavailable)
- Current Position: Trading at 92% below all-time high
- Annual Performance: Complete yearly data unavailable
Exchange Trading Data
| Exchange | Latest Price (¥) | 24H Volume | Market Share | Last Updated |
|---|---|---|---|---|
| Data unavailable | - | - | - | - |
BZZ Historical Price Data
| Date | Open ($) | High ($) | Low ($) | Close ($) | Volume ($) | Market Cap ($) |
|---|---|---|---|---|---|---|
| No historical records available | - | - | - | - | - | - |
FAQs About BZZ Token
What determines BZZ's value?
The price reflects market demand for Swarm network services, storage requirements, and broader cryptocurrency market trends.
Why is BZZ's market data incomplete?
Some exchanges may not report comprehensive trading statistics, and the project's relatively new status limits historical records.
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How does Swarm differ from traditional cloud storage?
Unlike centralized providers, Swarm uses blockchain technology to create a censorship-resistant, peer-to-peer storage network with BZZ tokens incentivizing participation.
What factors affect BZZ's price volatility?
Network adoption rates, Ethereum ecosystem development, and decentralized storage demand all contribute to price movements.
Where can I safely trade BZZ?
Reputable cryptocurrency exchanges with proper security measures offer BZZ trading pairs, though users should always conduct personal research.
How does BZZ's BTC correlation impact investors?
The 0.19 correlation suggests BZZ often moves independently of Bitcoin, potentially offering portfolio diversification benefits.