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price today is $undefined with a 24-hour trading volume of , and as such has a market cap of , giving it a market dominance of undefined. The price moved undefined% in the last 24 hours.
reached its highest price on when it was trading at its all-time high of $undefined, while its lowest price was recorded on when it was trading at its all-time low of $undefined. The current lowest price since the last cycle high was $undefined, and the highest price since the last cycle low was $undefined. The social sentiment of is currently Positive.
The current circulating supply of is . In terms of market cap, is currently ranked .
There are two schools of thought in determining the price of .
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of , 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 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 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 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 and the cryptocurrency market as a whole.
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