The trading volume of Mars Protocol (MARS) is $22,140.13 in the last 24 hours, representing a 58.80% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Mars Protocol (MARS) is $0.512804 , which was recorded on Feb 07, 2023 (about 1 month). Comparatively, the current price is -70.60% lower than the all-time high price. The lowest price paid for Mars Protocol (MARS) is $0.149157 , which was recorded on Mar 11, 2023 (9 days). Comparatively, the current price is 1.10% higher than the all-time low price. Market capitalization of Mars Protocol (MARS) is $13,189,379 and is ranked #898 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MARS tokens (88 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Mars Protocol (MARS) is $150,466,453 . This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion MARS tokens are in circulation today. Depending on how the emission schedule of MARS tokens are designed, it might take multiple years before FDV is realized. The community is bearish as more than 50% of users are feeling bad about Mars Protocol (MARS) today.
There are two schools of thought in determining the price of Mars Protocol.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Mars Protocol, 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 Mars Protocol 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 Mars Protocol 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 Mars Protocol 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 Mars Protocol and the cryptocurrency market as a whole.
2. What is the highest price of Mars Protocol in history?
Mars Protocol achieved the all-time high of ₺9.77 in 2023-02-07, and is currently trading at ₺2.89.
3. What is the lowest price of Mars Protocol in history?
In 2023-03-11, Mars Protocol reached the all-time low of ₺2.84.
4. Should I buy Mars Protocol now?
It is important to remember that Mars Protocol, 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.