$0.05308
Time period | Change amount | % Change |
---|---|---|
1H | $-- | +0.50% |
24H | $-0.06000 | -54.55% |
7D | $-0.06000 | -52.21% |
30D | $-0.06000 | -52.91% |
1Y | $-- | -6.26% |
Insula price today is $0.05308 with a 24-hour trading volume of $2407.76, and as such Insula has a market cap of $48221.36, giving it a market dominance of 1.92%. The Insula price moved -54.55% in the last 24 hours.
Insula reached its highest price on 2020-07-26 when it was trading at its all-time high of $3.1, while its lowest price was recorded on 2020-10-19 when it was trading at its all-time low of $0.002596. The current lowest price since the last cycle high was $0.002596, and the highest price since the last cycle low was $3.1. The social sentiment of Insula is currently Positive.
The current circulating supply of Insula is $908500 ISLA. In terms of market cap, Insula is currently ranked 5311.
There are two schools of thought in determining the price of Insula.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Insula, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Insula from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Insula on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Insula as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Insula and the cryptocurrency market as a whole.
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Russia is expected to legislate for cryptocurrencies in the first half of next year, and stablecoins have become the "preferred quote currency" for traders. Polkadot_s joint venture will have new technological breakthroughs in 2024.
Hong Kong legislators respond to Vitalik Buterin_ The utilization rate of clean energy in Bitcoin mining has exceeded 50%, and the market is waiting for Musk to fulfill Tesla_s promise to resume accepting Bitcoin payments.
Foxconn founder Terry Gou, who supports blockchain finance, announced his candidacy for the 2024 Taiwan leadership. The 1inch team bought 6,087.7 ETHs at an average price of $1,655.
Gate Charity, a global non-profit philanthropic organization, recently collaborated with the Bohol Animal Rescue & Kindness _BARK_ shelter for a successful charity event focused on animal rescue.
Florida became the first US state to enact a law against the adoption of central bank digital currencies. Also, several politicians support the ban against CBDCs in the United States.
Bitcoin and Ether drop, Tether stablecoin regains 1:1 redemption, EU finalizes MiCA legislation to regulate crypto sector. Busy week of economic data releases anticipated, with earnings reports from tech giants Microsoft, Meta, and Amazon.
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