The trading volume of Hifi Finance (HIFI) is $1,006,934.66 in the last 24 hours, representing a -36.40% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Hifi Finance (HIFI) is $0.602498 , which was recorded on Feb 08, 2023 (about 1 month). Comparatively, the current price is -28.60% lower than the all-time high price. The lowest price paid for Hifi Finance (HIFI) is $0.362852 , which was recorded on Mar 10, 2023 (12 days). Comparatively, the current price is 18.60% higher than the all-time low price. Market capitalization of Hifi Finance (HIFI) is $42,414,518 and is ranked #510 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HIFI tokens (97 Million tokens are tradable on the market today). The community is bearish as more than 100% of users are feeling bad about Hifi Finance (HIFI) today.
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There are two schools of thought in determining the price of Hifi Finance.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Hifi Finance, 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 Hifi Finance 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 Hifi Finance 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 Hifi Finance 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 Hifi Finance and the cryptocurrency market as a whole.
2. What is the highest price of Hifi Finance in history?
Hifi Finance achieved the all-time high of ¥4.10 in 2023-02-08, and is currently trading at ¥2.81.
3. What is the lowest price of Hifi Finance in history?
In 2023-03-10, Hifi Finance reached the all-time low of ¥2.47.
4. Should I buy Hifi Finance now?
It is important to remember that Hifi Finance, 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.