$0.002207
Time period | Change amount | % Change |
---|---|---|
1H | $+0.00001059 | +0.48% |
24H | $-0.00004745 | -2.15% |
7D | $-0.00001457 | -0.66% |
30D | $-0.00008784 | -3.98% |
1Y | $+0.0001304 | +5.91% |
Layer2DAO price today is $0.002207 with a 24-hour trading volume of $310.57, and as such Layer2DAO has a market cap of $--, giving it a market dominance of 7.67%. The Layer2DAO price moved -2.15% in the last 24 hours.
Layer2DAO reached its highest price on 2022-07-29 when it was trading at its all-time high of $0.02557, while its lowest price was recorded on 2022-10-22 when it was trading at its all-time low of $0.0007451. The current lowest price since the last cycle high was $0.0007451, and the highest price since the last cycle low was $0.02557. The social sentiment of Layer2DAO is currently Positive.
The current circulating supply of Layer2DAO is $-- L2DAO. In terms of market cap, Layer2DAO is currently ranked 8496.
There are two schools of thought in determining the price of Layer2DAO.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Layer2DAO, 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 Layer2DAO 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 Layer2DAO 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 Layer2DAO 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 Layer2DAO and the cryptocurrency market as a whole.
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