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DODEX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    10.6093$
  • Previous Close
    10.6093$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

DODEX.US refers to the Direxion Daily Aerospace & Defense Bull 3X Shares ETF. This exchange-traded fund (ETF) seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Aerospace & Defense Index. Essentially, it is a leveraged ETF designed for sophisticated investors who are looking for amplified daily gains in the aerospace and defense sector. Due to its leveraged nature, DODEX.US is a high-risk, short-term investment vehicle and is not suitable for all investors, especially those with a low risk tolerance or a long-term investment horizon. The fund rebalances its portfolio daily, which can lead to volatility and performance that diverges significantly from the underlying index over periods longer than a single day.
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Factors

Token Utility: DODEX token's functions within the DEX ecosystem (staking, governance, fees) impact demand.

Market Sentiment: Overall positive or negative sentiment towards the broader crypto market and DeFi influences DODEX valuation.

DEX Performance: Trading volume, liquidity, and user base on the DODEX platform directly affect the token's perceived value.

Competition: The presence and success of competing decentralized exchanges can impact DODEX's market share and token price.

Regulatory Environment: Cryptocurrency regulations or the lack thereof can greatly influence investor confidence and DODEX price.

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