The project was started in 2017 by Sergei Lonshakov, Alexander Kapitonov, Alexander Krupenkin and Alexander Starostin. Now it’s a team of 50+ developers and engineers, blockchain pioneers and robotics enthusiasts, shaping the future of IoT. So far, Robonomics has successfully established in Polkadot and Ethereum, has become ROS-compatible. The plans for 2021 include getting one of the first available parachain slots in the Kusama Network, launching Robobank for accepting any Polkadot token in automation services and many others. XRT is a utility token of Robonomics. XRT acts as the fuel of the economy of robots, maintaining the decentralized robotics network and acting as the foundation of smart cities and IoT. The XRT token allows users to interact with the Ethereum Virtual Machine or the Polkadot Network, as well as the Robotics Operating System (ROS) and the AIRA OS. The 24 hour trading volume of Robonomics Network is $16,609.18. The all-time high price of Robonomics Network is $461.02 on Jan 09, 2020 (almost 3 years). The all-time low price of Robonomics Network is $0.000000003999 on Aug 09, 2020 (over 2 years).
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1. What determines the price of Robonomics Network?
There are two schools of thought in determining the price of Robonomics Network.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Robonomics Network, 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 Robonomics Network 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 Robonomics Network 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 Robonomics Network 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 Robonomics Network and the cryptocurrency market as a whole.
2. What is the highest price of Robonomics Network in history?
Robonomics Network achieved the all-time high of $461.02 in 2020-01-09, and is currently trading at $2.33.
3. What is the lowest price of Robonomics Network in history?
In 2020-08-09, Robonomics Network reached the all-time low of $0.00000.
4. Should I buy Robonomics Network now?
It is important to remember that Robonomics Network, 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.