The trading volume of Meli Games (MELI) is $9,759.14 in the last 24 hours, representing a 93.40% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Meli Games (MELI) is $0.409024 , which was recorded on Nov 18, 2021 (over 1 year). Comparatively, the current price is -99.80% lower than the all-time high price. The lowest price paid for Meli Games (MELI) is $0.000355352524 , which was recorded on Dec 17, 2022 (6 months). Comparatively, the current price is 99.80% higher than the all-time low price. Market capitalization of Meli Games (MELI) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MELI tokens (0 tokens are tradable on the market today). The fully diluted valuation (FDV) of Meli Games (MELI) is $710,074 . This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion MELI tokens are in circulation today. Depending on how the emission schedule of MELI tokens are designed, it might take multiple years before FDV is realized. There are no votes on Meli Games (MELI) today. Be the first to vote and share this with your community.
There are two schools of thought in determining the price of Meli Games.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Meli Games, 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 Meli Games 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 Meli Games 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 Meli Games 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 Meli Games and the cryptocurrency market as a whole.
2. What is the highest price of Meli Games in history?
Meli Games achieved the all-time high of $0.41 in , and is currently trading at $0.00070.
3. What is the lowest price of Meli Games in history?
In 2022-12-17, Meli Games reached the all-time low of $0.00036.
4. Should I buy Meli Games now?
It is important to remember that Meli Games, 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.