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    Cryptocurrencies Phonon DAO
    USD
    $0.00165936 $ 0.00165936
    +¥5204,24 -9.6% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    10.62M
    24H Volume
    2.18K
    Circulating Supply
    6.4B PHONON
    Max Supply
    10B PHONON
    All Time High
    0.0139147
    Rank
    834

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    Phonon DAO FAQs

    • 1. What determines the price of Phonon DAO?
      There are two schools of thought in determining the price of Phonon DAO.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Phonon DAO, 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 Phonon DAO 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 Phonon DAO 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 Phonon DAO 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 Phonon DAO and the cryptocurrency market as a whole.
    • 2. What is the highest price of Phonon DAO in history?
      Phonon DAO achieved the all-time high of $0.014 in 2022-01-12, and is currently trading at $0.0017.
    • 3. What is the lowest price of Phonon DAO in history?
      In 2022-10-25, Phonon DAO reached the all-time low of $0.0010.
    • 4. Should I buy Phonon DAO now?
      It is important to remember that Phonon DAO, 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.

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