Convert Shen SHEN to Nigerian Naira NGN
SHEN to NGN: 1 Shen converts to NGN 1,056.78 NGN as of June 14 at 11:14 PM
Shen (SHEN) is not tradable on Coinbase.
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About Shen
Shen is falling this week. The current price of Shen is NGN 1,056.78 per SHEN. With a circulating supply of 0 SHEN, it means that Shen has a total market cap of NGN 0.00. The amount of Shen traded has fallen by -NGN 92,566.22 in the last 24 hours, which is a 38.52% decrease. Additionally, in the last day, NGN 240,315.41 worth of SHEN has been traded.
The exchange rate of Shen is decreasing. The current value of 1 SHEN is NGN 1,056.78 NGN. In other words, to buy 5 Shen, it would cost you NGN 5,283.91 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.000946 SHEN while NGN 50.00 NGN would convert to 0.0473 SHEN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 6.62%. Meanwhile, in the last 24 hours, the rate has changed by 2.27%, and that the highest exchange rate of 1 SHEN to NGN was NGN 1,084.67 NGN and the lowest 24 hour value was 1 SHEN for NGN 1,049.81 NGN. Last month, 1 SHEN was worth NGN 1,439.92 NGN. Today, it's down 23.88%. Looking back a year, Shen has changed by NGN 672.70 NGN. That means that in a single year, the value of Shen has grown by 51.8%.
Shen Market Stats
## What are Reserve Coins? In simple terms, Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio. Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below. ## What is Shen (SHEN)? Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity. During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately. By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.
Conversion tables
SHEN to NGN values from Today at 11:14 pm
0.5 SHEN = NGN 528.39 NGN |
1 SHEN = NGN 1,056.78 NGN |
5 SHEN = NGN 5,283.91 NGN |
10 SHEN = NGN 10,567.82 NGN |
50 SHEN = NGN 52,839.11 NGN |
100 SHEN = NGN 105,678.21 NGN |
500 SHEN = NGN 528,391.05 NGN |
1,000 SHEN = NGN 1,056,782.11 NGN |
NGN to SHEN values from Today at 11:15 pm
0.5 NGN = 0.000473 SHEN |
1 NGN = 0.000946 SHEN |
5 NGN = 0.0047 SHEN |
10 NGN = 0.0095 SHEN |
50 NGN = 0.0473 SHEN |
100 NGN = 0.0946 SHEN |
500 NGN = 0.47 SHEN |
1,000 NGN = 0.95 SHEN |
SHEN to NGN over time
SHEN | Today | 24H | 1M | 1Y |
---|---|---|---|---|
0.5 SHEN | NGN 528.39 NGN | NGN 542.29 NGN | NGN 719.96 NGN | NGN 336.35 NGN |
1 SHEN | NGN 1,056.78 NGN | NGN 1,084.58 NGN | NGN 1,439.92 NGN | NGN 672.70 NGN |
5 SHEN | NGN 5,283.91 NGN | NGN 5,422.90 NGN | NGN 7,199.61 NGN | NGN 3,363.50 NGN |
10 SHEN | NGN 10,567.82 NGN | NGN 10,845.81 NGN | NGN 14,399.21 NGN | NGN 6,727.00 NGN |
50 SHEN | NGN 52,839.11 NGN | NGN 54,229.03 NGN | NGN 71,996.07 NGN | NGN 33,635.02 NGN |
100 SHEN | NGN 105,678.21 NGN | NGN 108,458.05 NGN | NGN 143,992.14 NGN | NGN 67,270.03 NGN |
500 SHEN | NGN 528,391.05 NGN | NGN 542,290.26 NGN | NGN 719,960.68 NGN | NGN 336,350.16 NGN |
1,000 SHEN | NGN 1,056,782.11 NGN | NGN 1,084,580.53 NGN | NGN 1,439,921.37 NGN | NGN 672,700.32 NGN |
Frequently asked questions
How much is 1 Shen in NGN?
Right now, 1 Shen is worth about NGN 1,056.78.
How much SHEN could I buy for 1 NGN?
Based on the current rate, you could get 0.000946 SHEN for 1 NGN.
How much has the price of Shen changed?
Shen price has been declining. Since yesterday, the exchange rate of Shen has decreased. Since last month, the exchange rate of Shen has decreased. Since this time last year, the price of Shen has increased.
How do I calculate or convert SHEN to NGN?
You can use our SHEN to NGN calculator at the top of this page to convert any amount of SHEN to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.0047 SHEN. Inversely, 5 SHEN will cost about NGN 5,283.91
How can I buy 1 Shen on Coinbase?
Shen is not currently available through Coinbase, but you can sign up to get the latest news on Shen and be notified when it is available.
What are assets similar to Shen that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Shen, including Kabosu Inu, Level Finance, and LYFE. For a more robust list of assets to explore, jump to the asset page dedicated to Shen.
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