The trading volume of VYNK Chain (VYNC) is $146.99 in the last 24 hours, representing a 4577.59% increase from one day ago and signalling a recent rise in market activity. The highest price paid for VYNK Chain (VYNC) is $1.99 , which was recorded on Oct 30, 2021 (over 1 year). Comparatively, the current price is -100.0% lower than the all-time high price. The lowest price paid for VYNK Chain (VYNC) is $0.000080206368 , which was recorded on Dec 12, 2022 (about 2 months). Comparatively, the current price is 24.9% higher than the all-time low price. Market capitalization of VYNK Chain (VYNC) is $7,151.68 and is ranked #3752 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of VYNC tokens (71 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of VYNK Chain (VYNC) is $9,918.54 . This is a statistical representation of the maximum market cap, assuming the maximum number of 99 Million VYNC tokens are in circulation today. Depending on how the emission schedule of VYNC tokens are designed, it might take multiple years before FDV is realized. There are no votes on VYNK Chain (VYNC) today. Be the first to vote and share this with your community.
Find out what is Liquid Staking and how Ethereum liquid staking is changing with the Shanghai Upgrade.
There are two schools of thought in determining the price of VYNK Chain.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of VYNK Chain, 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 VYNK Chain 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 VYNK Chain 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 VYNK Chain 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 VYNK Chain and the cryptocurrency market as a whole.
2. What is the highest price of VYNK Chain in history?
VYNK Chain achieved the all-time high of $1.99 in 2021-10-30, and is currently trading at $0.00010.
3. What is the lowest price of VYNK Chain in history?
In 2022-12-12, VYNK Chain reached the all-time low of $0.00008.
4. Should I buy VYNK Chain now?
It is important to remember that VYNK Chain, 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.