The trading volume of Marinade staked SOL (MSOL) is $2,357,121.08 in the last 24 hours, representing a -33.12% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Marinade staked SOL (MSOL) is $3,541.84 , which was recorded on Aug 23, 2021 (over 1 year). Comparatively, the current price is -99.2% lower than the all-time high price. The lowest price paid for Marinade staked SOL (MSOL) is $8.93 , which was recorded on Dec 29, 2022 (about 1 month). Comparatively, the current price is 197.7% higher than the all-time low price. Market capitalization of Marinade staked SOL (MSOL) is $111,123,686 and is ranked #267 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MSOL tokens (4.2 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Marinade staked SOL (MSOL) is $111,100,289 . This is a statistical representation of the maximum market cap, assuming the maximum number of 4.2 Million MSOL tokens are in circulation today. Depending on how the emission schedule of MSOL tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 66% of users are feeling good about Marinade staked SOL (MSOL) today.
Find out what is Liquid Staking and how Ethereum liquid staking is changing with the Shanghai Upgrade.
1. What determines the price of Marinade staked SOL?
There are two schools of thought in determining the price of Marinade staked SOL.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Marinade staked SOL, 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 Marinade staked SOL 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 Marinade staked SOL 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 Marinade staked SOL 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 Marinade staked SOL and the cryptocurrency market as a whole.
2. What is the highest price of Marinade staked SOL in history?
Marinade staked SOL achieved the all-time high of $664977.27 in 2021-08-23, and is currently trading at $4958.47.
3. What is the lowest price of Marinade staked SOL in history?
In 2022-12-29, Marinade staked SOL reached the all-time low of $1676.60.
4. Should I buy Marinade staked SOL now?
It is important to remember that Marinade staked SOL, 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.