The trading volume of Digital Rand (DZAR) is $373,969.36 in the last 24 hours, representing a 0.50% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Digital Rand (DZAR) is $1.55 , which was recorded on Feb 14, 2021 (about 2 years). Comparatively, the current price is -95.80% lower than the all-time high price. The lowest price paid for Digital Rand (DZAR) is $0.000000001300 , which was recorded on Nov 30, 2019 (over 3 years). Comparatively, the current price is 5,001,402,053.50% higher than the all-time low price. Market capitalization of Digital Rand (DZAR) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DZAR tokens (0 tokens are tradable on the market today). There are no votes on Digital Rand (DZAR) today. Be the first to vote and share this with your community.
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There are two schools of thought in determining the price of Digital Rand.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Digital Rand, 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 Digital Rand 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 Digital Rand 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 Digital Rand as well.
HODLers 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 Digital Rand and the cryptocurrency market as a whole.
2. What is the highest price of Digital Rand in history?
Digital Rand achieved the all-time high of ₦712.40 in 2021-02-14, and is currently trading at ₦28.42.
3. What is the lowest price of Digital Rand in history?
In , Digital Rand reached the all-time low of ₦0.00000.
4. Should I buy Digital Rand now?
It is important to remember that Digital Rand, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.