First Digital USD (FDUSD) is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar, facilitating seamless transactions within the cryptocurrency ecosystem.Over the past week, FDUSD has exhibited minimal price fluctuations, consistent with its stablecoin nature.According to CoinGecko, FDUSD's price declined by approximately 0.80% over the past seven days, indicating slight deviations from its dollar peg.
In terms of market activity, FDUSD maintains a substantial presence. CoinGecko reports a 24-hour trading volume of approximately $4.8 billion, reflecting robust liquidity and active trading across various exchanges.The circulating supply stands at around 2.17 billion FDUSD tokens, contributing to a market capitalization of approximately $2.16 billion.
Technical analysis from TradingView indicates a prevailing buy trend for FDUSD over the past week, with a strong buy signal observed over the past month.This suggests that, despite minor price deviations, market sentiment towards FDUSD remains positive, with traders and investors maintaining confidence in its stability and utility.
Looking ahead, price predictions for FDUSD suggest modest appreciation over the coming years.Gate.io forecasts an average price of $1.02 in 2025, with potential highs reaching $1.47, indicating a possible return on investment of approximately 2% from the current price.By 2030, projections estimate FDUSD could reach an average price of $2.09, representing a potential gain of 108%.
In summary, FDUSD has demonstrated stability over the past week, with minimal price volatility and strong market liquidity. Technical indicators suggest a positive market sentiment, and long-term forecasts anticipate modest appreciation, reinforcing FDUSD's role as a reliable stablecoin in the cryptocurrency market.
