The trading volume of WhiteBIT Token (WBT) is $10,110,365.92 in the last 24 hours, representing a -1.10% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for WhiteBIT Token (WBT) is $14.64 , which was recorded on Oct 28, 2022 (5 months). Comparatively, the current price is -67.20% lower than the all-time high price. The lowest price paid for WhiteBIT Token (WBT) is $3.06 , which was recorded on Feb 13, 2023 (about 1 month). Comparatively, the current price is 56.90% higher than the all-time low price. Market capitalization of WhiteBIT Token (WBT) is $695,784,925 and is ranked #73 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WBT tokens (140 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of WhiteBIT Token (WBT) is $1,931,146,500 . This is a statistical representation of the maximum market cap, assuming the maximum number of 400 Million WBT tokens are in circulation today. Depending on how the emission schedule of WBT 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 WhiteBIT Token (WBT) today.
There are two schools of thought in determining the price of WhiteBIT Token.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of WhiteBIT Token, 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 WhiteBIT Token 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 WhiteBIT Token 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 WhiteBIT Token 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 WhiteBIT Token and the cryptocurrency market as a whole.
2. What is the highest price of WhiteBIT Token in history?
WhiteBIT Token achieved the all-time high of ₦6723.85 in 2022-10-28, and is currently trading at ₦2214.43.
3. What is the lowest price of WhiteBIT Token in history?
In 2023-02-13, WhiteBIT Token reached the all-time low of ₦1405.40.
4. Should I buy WhiteBIT Token now?
It is important to remember that WhiteBIT Token, 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.