Phavercoin (SOCIAL) is a digital asset that has recently drawn attention due to its unique positioning in the decentralized social media space. As of the latest data, 1 Phavercoin (SOCIAL) is valued at $0.052972 in US Dollar (USD) terms. This real-time conversion rate reflects the current market sentiment and trading dynamics surrounding the token. Whether you're a new investor or an experienced crypto enthusiast, understanding how to track, buy, and evaluate SOCIAL’s performance in USD is essential for informed decision-making.
Understanding the Current Value of Phavercoin
The current market price of 1 SOCIAL = $0.052972 provides a baseline for assessing investment potential. While this valuation may appear modest compared to major cryptocurrencies like Bitcoin or Ethereum, it's important to consider the broader context—such as supply metrics, trading volume, and market adoption.
Phavercoin operates within the emerging niche of social-fi (social finance), where user engagement on decentralized platforms is incentivized through token rewards. This model has gained traction as more users seek alternatives to traditional social media networks that monetize personal data without compensating creators.
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Market Data Snapshot
- Market Cap: $9,510.27
- Fully Diluted Valuation (FDV): $29,716.92
- 24-Hour Trading Volume: $0.3547
- Circulating Supply: 3,200,287,714 SOCIAL
- Total & Max Supply: 10,000,000,000 SOCIAL
Despite low trading volume, the significant circulating supply suggests wide distribution. However, minimal price movement over recent periods indicates a phase of consolidation or low market activity.
How to Buy Phavercoin with USD
Purchasing Phavercoin using US Dollars involves a few straightforward steps. Here's a step-by-step guide tailored for both beginners and intermediate users.
Step 1: Identify Where to Trade SOCIAL
Phavercoin is listed on 11 cryptocurrency exchanges, offering multiple avenues for trading. Based on trading volume and platform reliability, Bitget and Bybit are among the most active exchanges for SOCIAL trading. These platforms provide liquidity and robust security infrastructure, making them reliable choices for executing trades.
Step 2: Choose a Suitable Exchange
When selecting an exchange, prioritize platforms that support direct USD deposits. Centralized exchanges (CEXs) such as Bitget or Bybit typically allow users to deposit USD via:
- Bank transfers
- Credit or debit card payments
- ACH transfers
Key factors to evaluate include:
- Fee structure (maker/taker fees, withdrawal/deposit costs)
- Security protocols (two-factor authentication, cold storage)
- User interface and customer support
Ensure you factor in transaction fees when calculating your total investment cost.
Step 3: Register and Verify Your Account
To comply with regulatory standards, most exchanges require identity verification (KYC). The process generally includes:
- Providing government-issued ID
- Submitting proof of address
- Completing a facial verification check
Once verified, you can deposit USD into your account using your preferred payment method.
Step 4: Execute Your Purchase
With funds in your account:
- Navigate to the SOCIAL/USD trading pair.
- Enter the amount of USD you wish to spend.
- Review the estimated number of SOCIAL tokens you’ll receive.
- Confirm the transaction.
After purchase, consider transferring your SOCIAL tokens to a private wallet for enhanced security and full control over your assets.
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Tracking Phavercoin Price Trends in USD
Monitoring price trends is crucial for timing entries and exits effectively. As of now, the SOCIAL to USD chart shows no price movement over the past 24 hours, indicating market stagnation or low volatility.
Recent Price Performance
| Timeframe | Price Change |
|---|---|
| 1 Hour | — |
| 24 Hours | — |
| 7 Days | — |
| 14 Days | — |
| 30 Days | — |
| 1 Year | — |
This lack of fluctuation could signal several scenarios:
- Low trader interest or liquidity
- Market waiting for a catalyst (e.g., platform update, partnership)
- Accumulation phase before potential breakout
Historically, the all-time high for SOCIAL/USD was $0.01749, which means the current price represents a substantial increase—suggesting possible revaluation or data recalibration.
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Frequently Asked Questions (FAQs)
What is the current price of 1 Phavercoin in USD?
As of now, 1 Phavercoin (SOCIAL) is priced at $0.052972 in US Dollars.
How many SOCIAL tokens can I buy for $1?
With the current exchange rate, approximately 18.88 SOCIAL tokens can be purchased for $1.
Where can I convert SOCIAL to USD?
You can convert Phavercoin to USD on supported exchanges like Bitget and Bybit. Simply place a sell order for SOCIAL against the USD trading pair.
Is Phavercoin a good investment?
Investment suitability depends on individual risk tolerance and market outlook. Given its presence in the social-fi sector and relatively low market cap, SOCIAL may offer growth potential—but also carries higher risk due to low liquidity and limited exchange support.
Has the SOCIAL/USD price shown any recent movement?
No significant price changes have occurred in the last 24 hours. The price has remained stable, reflecting low volatility or limited trading activity.
How do I track historical SOCIAL to USD prices?
Use cryptocurrency data platforms to access historical charts and price analysis tools. These resources allow you to monitor long-term trends and make data-driven decisions.
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Final Thoughts
Phavercoin represents an innovative intersection between blockchain technology and social media innovation. While its current market metrics suggest early-stage development, staying informed about price movements, exchange availability, and ecosystem updates can position investors advantageously.
Whether you're looking to diversify your portfolio or explore new opportunities in decentralized social networks, tracking SOCIAL to USD conversions and understanding how to buy Phavercoin with USD are fundamental steps toward participation in this evolving space.